Liberals set to change Ontario mine tax rate
A bill to amend Ontario’s Mining Tax Act was expected to become law at presstime. The bill would eliminate the current graduated tax of up to 30%, which is imposed on mining profits, and replace it wi…
News
Second exploration shaft at Perron’s Soisson bet
Three diamond drills are working underground with one additional drill on surface at Perron Gold Mines’ Soisson gold bet in the Val d’Or area of Quebec. Underground exploration is continuing on the A,…
Malartic earnings unchanged from ’85
For the fourth quarter of 1986, Malartic Hygrade Gold Mines realized net earnings of $448,784 or 13 cents per share compared to earnings of $338,977 or 10 cents per share during the same period of 1…
Takeover planned, then denied Pezim loses friends at Corona
Moments after an upbeat, 10-minute video extolling the virtues of Internatonal Corona Resources ended, Vice-chairman Murray Pezim stormed out of the annual meeting vowing to regain control of the comp…
Letters to the Editor EDC defends sale
I am writing in reply to your editorial Still Another Bad Move Out of Ottawa in your Jan 19 issue. You criticized the decision by the Export Development Corp. to finance the sale of a sulphuric acid p…
Mascot in the driver’s seat on milling deals, Steen says
Mascot Gold Mines has spent or committed $44 million on its Nickel Plate project at Hedley, B.C., which is slated to begin official production this June. At the annual meeting Henry Ewanchuk, presiden…
Potential looks sharp on Noranda/ Getty gold play
Results from the final three deep drill holes have sharpened the potential of the Tundra gold property held by Noranda Exploration Co. and partner Getty Resources. Located about 130 miles northeast of…
Royal Oak active at Maylac project
Alberta-listed Royal Oak Resources has entered into a flow- through private placement agreement with CMP 1987 Resource Partnership and Company Ltd. for proceeds of $325,000. As qualifying expenditures…
Davidson Tisdale officers come under fire at meeting
The fiery tartan colours of clan Stuart have finally come back to haunt the board of directors of Davidson Tisdale Mines. At a special meeting of shareholders, mining promoter Charles Stuart, bedecked…
Coxheath underground on Nova Scotia gold property
An Alberta-listed junior mining company, Coxheath Gold Holdings, made an important tactical move in 1986. Early in the year, the company’s technical advisory committee recommended they concentrate the…
Achates, Tag claims optioned to Mirandor
A 54-claim property held equally by Achates Resources and Golden Tag Resources has been optioned to Mirandor Exploration. The claims are located in Casa Berardi Twp., Que., approximately five miles so…
High grade drilled on Jilbey’s Fontana
A high grade section has been drilled by partners Jilbey Industries and Bay Resources and Services on the Fontana property in Duvernay Twp., Que. Hole 6 was spotted 1,600-ft northwest of the Fontana …