Gold Giant to fund Noranda exploration
Over the next five years Gold Giant Minerals (VSE) plans to fund a $3-million exploration program operated by Noranda Exploration on the Snoball property in northwestern British Columbia. The project …
1992
MINER DETAILS (June 15, 1992)
When Wood Gundy decided it was going to open its doors to the media more than it had in the past, it picked a tough issue to start off with. Analysts at the usually secretive brokerage firm invited fu…
Drilling planned for Spectrum
Prospective joint venture partners are being welcomed by Columbia Gold Mines (VSE) to tour the company’s Spectrum gold project in northwestern British Columbia, and the Tillicum Mountain gold project …
Redfern plans Tulsequah program
Following the purchase of the remaining 60% interest in the Tulsequah Chief property, owner Redfern Resources (TSE) plans to begin a $1.5-million exploration program on the northwestern British Columb…
Ontex looks for new partner after Placer drops out of deal
Vancouver-based Placer Dome (TSE) has dropped out of a plan to earn a 60% stake in the Brookbank gold property from Ontex Resources (ASE), almost nine months after signing a letter of intent. Ontex Vi…
Competitiveness major issue for mining industry
Canada’s prosperity will be seriously undermined unless action is taken to improve the country’s competitive position in mining and other industry sectors, Noranda Chairman Keith Hendrick told delegat…
PROFILE (June 15, 1992)
Canada’s mining industry is poised to enter its diamond phase, say those who have a stake in the Lac de Gras region, from which a bulk sample yielded gem-quality stones last month. The stock market re…
Third parties court Bethlehem
Copper and zinc producer Bethlehem Resources (TSE) recently received proposals for a merger as well as a takeover from two separate groups. Henry Ewanchuk, president of the company, said Bethlehem rec…
McDonald continues Noramco saga by optioning Pickle Crow to
Bruce McDonald has kept a low profile since selling Noramco Mining (TSE) and its portfolio of junior companies to Breakwater Resources (TSE) several years ago. As it turned out, Breakwater had to writ…
Minnova outlines low-grade deposit at Benoit project
A 24-hole, second-phase program completed on Freewest Resources’ (TSE) Benoit gold property northeast of Rouyn, Que., has yielded a preliminary reserve estimate of 3.3 million tons grading 0.076 oz. g…
Bank calls Curragh’s Westray loan
The Westray coal mine’s fate is now in the hands of the federal government following a recent decision by the Bank of Nova Scotia to call in a $95-million loan to Curragh (TSE). After closing the mine…
INSIDER TRADING (June 15, 1992)
Jascan Resources (TSE) director William Felderhof recently sold a large block of company stock as part of an ongoing effort to sever previous connections with the 49% owned Faraday Resources (TSE) aff…