Lyon Lake, Mattabi to close May 22
The Mattabi mill and Lyon Lake underground mine, part of the Sturgeon Lake mining camp of northwestern Ontario, will close on May 22, reports Noranda Minerals, a unit of Noranda (TSE). About 25 of th…
1991
Golden Knight, TVX find gold values
Partners Golden Knight Resources (TSE) and TVX Gold (TSE) continue to intersect ore-grade gold mineralization over narrow widths in the Theo River/Lac Germain region, 10 km from their Casa Berardi, Qu…
PEOPLE NAXOS RESOURCES (May 20, 1991)
Andrew Babiy has resigned as a director.
How Quebec is facing environmental issues
Like most governments, Quebec has been facing a budget deficit problem for several years. Consequently, it hesitates to give real money to its Environment Department, even if pressure groups and the…
Insider Trading Gwalia acquires Nevada Goldfields
Australian industrial minerals producer Gwalia Consolidated recently fulfilled its ambition to purchase a publicly traded North American gold miner by acquiring Consolidated Nevada Goldfields (TSE) of…
Toronto Stock Exchange Billiton emerges as favorite to take over
While stalled interest rates kept share prices on an even keel during the week ended May 14, Billiton Minerals was being widely tipped to take over Quebec polymetallic miner Audrey Resources. Audrey P…
Montreal Exchange Casa Berardi drilling (May 20, 1991)
From the Casa Berardi area of Quebec, TVX Gold and Golden Knight Resources reported completion during the first quarter of 19 drill holes at their joint venture gold mining project. Five of the holes …
If mining can’t meet environmental standards diamond drilling’s
The state of our natural environment has become a pressing public concern, both here in Canada and around the world. It is clear that decisive action must be taken to protect the environment, and I be…
Chutine, Barrick drill Mexico bet
Partners Chutine Resources (TSE) and American Barrick Resources (TSE) have begun drilling on a Mexican gold property that adjoins a heap leach gold producer operated by Phelps Dodge (NYSE) and affilia…
Polcap signs agreements with Polish zinc producer
A private Montreal venture-capital company, Polcap Investments, has signed agreements with zinc producer ZGH Boleslaw Mines of Poland to act as financial, managerial and technical adviser. In announci…
PEOPLE BENTON RESOURCES
John Erickson appointed director.
On the Level Ontario mining faces almost insurmountable hurdles
“Go north, young man, go north.” But not in Ontario. There’s nothing wrong with the geological environment in that once-prosperous province, but governments are changing the fiscal and operating envir…