{{Short description|Defunct Canadian mining company}} {{Infobox company | name = Deak Resources Corporation | industry = Mining | predecessor = {{Unbulleted list|Wilco Mining Company, Seadrift International Exploration Limited and Deak Ariadne Limited}} | founded = 1989 | successor = AJ Perron Gold | hq_location_country = Canada }}'''Deak Resources Corporation''' was a Canadian mining company that was formed by a merger in 1989. It became AJ Perron Gold in 1994 and operated the Kerr-Addison Mine.
AJ Perron Gold became delisted from the Toronto Stock Exchange in 1998.
== History == The company operated as a subsidiary of Deak International Resources Inc, formed by the merger of Wilco Mining Company, Seadrift International Exploration Limited and Deak Ariadne Limited in 1989.<ref name=":0">{{Cite news |date=3 January 1989 |title=Deak amalgamates |pages=14 |work=National Post}}</ref><ref>''Mining Steak Widened'', ''The Province'', 13 March 1988, P. 45</ref> It was traded on the Toronto Stock Exchange.<ref name=":0" />
In February 1989, the company reached an agreement with MacDonald Mines Exploration to reopen the West MacDonald zinc mine in Dufresnoy, Quebec.<ref>{{Cite news |date=18 Feb 1989 |title=Zinc mine deal near |page=74 |work=The Montreal Gazette}}</ref> In 1990, the company bought the Kerr-Addison Mine for $4.1 million (mostly by assuming existing debt) and used the location to mill ore from various nearby mines.<ref name=":1">''[https://www.northernminer.com/news/alex-perron/1000170057/ Obituary: Alex Perron]'', ''The Northern Miner'' 30 September 2002, p.5</ref><ref name=":2">Dan Westell (14 June 1997), ''Township and mine in tax showdown'', National Post, p. 6</ref> Operations were managed by the company's subsidiary GSR Acquisition Corporation.<ref>{{Cite news |date=2 April 1991 |title=Kirkland Lake in its prime despite its image in movies |pages=59 |work=National Post}}</ref> The company was fined $50,000 by the Ontario Ministry of the Environment in 1992 after it polluted Larder Lake with cyanide and heavy metals.<ref>''[https://www.northernminer.com/news/ontario-fines-deak-50-000-for-larder-lake-cyanide-spill/1000177317/ Ontario fines Deak $50,000 for Larder Lake cyanide spill] {{Webarchive|url=https://web.archive.org/web/20230602120925/https://www.northernminer.com/news/ontario-fines-deak-50-000-for-larder-lake-cyanide-spill/1000177317/ |date=2023-06-02 }}, The Northern Miner, 19 October 1992''</ref> After running into financial challenges, the company closed the mine and terminated the employment of the workers.<ref name=":3">{{Cite news |last=Franczyk |first=Walter |date=11 Feb 1994 |title=Deak plans to expand gold milling |pages=14 |work=Kirkland Lake Gazette}}</ref>
In May 1993, brothers John and Alex Perron of Kirkland Lake used their company Gwen Resources to buy a controlling share of the struggling company and appointed Alex Perron as company president.<ref name=":3" /> The brothers renamed the company AJ Perron Gold in 1994<ref name=":2" /><ref name=":1" /> and made plans to increase production at the Kerr-Addison Mine.<ref name=":3" />
After owing $2.1 of taxes to the township of McGarry, the company's assets were seized by bailiffs. Threats of litigation by the company against the township were made, but were not followed through.<ref name=":1" /><ref name=":2" /> The company was delisted in 1998.<ref name=":1" />
== References == {{reflist}}
Category:Defunct mining companies of Canada Category:1989 establishments in Ontario Category:Companies based in Toronto Category:Companies formerly listed on the Toronto Stock Exchange