KPM suing BIG over Shoal Lake project
Toronto-based Kenora Prospectors and Miners (COATS) is suing its joint venture partner Bond International Gold (TSE) for breach of contract and fiduciary duty involving a gold project at Shoal Lake, O…
1989
Managing Canada’s Mines Mining a truly creative activity’ says
“Mining is one of man’s truly creative activities,” says Erik Andersen, recently appointed manager of Muscocho Explorations’ Magnacon gold mine in Ontario’s Mishibishu area. “It combines 0000,0506 his…
Vancouver Stock Exchange Gold price rise slow to work
Gold stocks accounted for a good portion of the volume on the Eastern exchanges in recent weeks. However, the upward surge in gold prices did little to boost trading volumes on the Vancouver Stock Exc…
Barrick confirms results from drilling on Carlin property
American Barrick Resources (TSE) has confirmed that drilling on its North claim block has encountered high grade gold mineralization across exceptional widths. The news ended weeks of speculation that…
TSE investigates trading in Aur
The Toronto Stock exchange is in the preliminary stages of an investigation into the trading of Aur Resources (TSE) shares before results were released from the company’s Louvicourt Twp. base metals d…
Guinness drilling tin prospect next to East Kemptville Mine
Two diamond drills are scheduled to start turning this week on a tin prospect in southwestern Nova Scotia. The ground being investigated covers the contact between granitoids of the South Mountain bat…
Suntac financing for Polaris-Taku
A public issue is planned by Vancouver-based Suntac Minerals (VSE) for a third-phase work program at the Polaris-Taku gold project in northwestern British Columbia. A statement of material facts is be…
Agnico, Dumagami merger plan given nod by directors
Directors of Toronto-based affiliates Agnico-Eagle Mines (TSE) and Dumagami Mines (TSE) have given approval to the terms of a proposed merger of the two companies. Pending approval of Dumagami shareho…
St. Genevieve income
Montreal based St. Genevieve Resources (TSE) reported a 9-month net income of about $1.3 million (3 cents per share), compared to a loss of $2.9 million (20 cents per share) for the same period in 1…
Spirit Lake resumes drilling near Wawa
Spirit Lake Exploration (ME) has resumed drilling on its Edwards gold property about 60 km northeast of Wawa, Ont., and just east of the Magino and Kremzar mines. The first phase of the $250,000 progr…
Mount Polley highlight of Imperial group exploration
The highlight of the 1989 exploration year for Imperial Metals Corp. (TSE) was the advancement of the Mount Polley copper-gold deposit located northeast of Williams Lake, B.C. This bulk tonnage projec…
Deak Resources joining metal producer ranks
Spearheaded by mining executive Malcolm Slack, Deak Resources (TSE) has been organizing and assembling gold and base metal properties in the Rouyn-Noranda, Que., and Virginiatown, Ont., areas with the…