Sampling results from Ontario Graphite property
Initial results from a sampling program on the Timmins graphite property were released by joint venture partners, Black Hawk Mining (TSE) and Lodi Metals (VSE). The samples were taken from two trenche…
News
BREAKING NEW GROUND CALLINAN
Last March, Hudson Bay Mining & Smelting dealt a 49% interest in the Callinan deposit, just north of Flin Flon, Man., to Manitoba Mineral Resources in return for $9.7 million to be spent developing th…
Perimeter acquires Ontario gold prospects
Surface work to delineate drill targets is planned to start early next year on the Brinklow Occurrence, a gold prospect recently acquired by Perimeter Ventures (VSE) near Longlac, Ont. The company sai…
Mimiska/Sphinx
Two members of the Ariel mining group of Quebec, Mimiska Mining (ME) and Sphinx Mining (ME), have arranged for the issuance of 729,287 shares in a deal with CMP Resource Partnership and Co. Ltd. and C…
Cross-Cuts WILL COPPER COME A CROPPER?
Energy, Mines and Resources Canada estimates that Canada’s copper production will begin to fall off sharply in about five years, unless a whopping new find is unearthed very soon. Writing in the Septe…
Freeport/Vananda report assays from Texada Island project
Significant gold, copper and silver mineralization was intersected in recent drilling on the Texada Island project near Vancouver, B.C., a joint venture involving Freeport McMoRan Gold (NYSE) and Vana…
Glimmer Resources
Glimmer Resources (VSE) and Master Gold did not sign a farm-in agreement before the Dec 12 deadline as intended. Glimmer is continuing negotiations and is actively seeking participation which will ens…
BREAKING NEW GROUND CARIBOU
The Australians who picked up the Caribou deposit two years ago for a song expect to be dancing about their good fortune by year-end. But the skeptical eyes of many a senior geologist in the industry …
People (January 02, 1989)
ATHENA GOLD — Kenneth H. Wright appointed a director and president. People CANADIAN UNITED MINERALS – Stanley R. Ford and Joseph A. Charland appointed to the board of directors succeeding Brian Eamor…
Sumac facing cash flow crunch
Faced with insufficient cash flow to meet current obligations, Sumac Ventures (VSE) recently presented its creditors with a proposal that would allow it to continue producing gold and silver for anoth…
International banks loan Cameco $650 million
Cameco — A Canadian Mining and Energy Corp., has arranged a $650-million loan with a consortium of 11 Canadian and foreign banks. The cash will be used to repay promissory notes issued at the time of…
Scintrex opens service centre in China
In 1988, Scintrex completed negotiations with the People’s Republic of China which resulted in the opening, on Oct 14, of a service centre for Scintrex instrumentation, in co-operation with the China …