# Deak Resources

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{{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](/source/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](/source/National_Post)}}</ref><ref>''Mining Steak Widened'', ''[The Province](/source/The_Province)'', 13 March 1988, P. 45</ref> It was traded on the [Toronto Stock Exchange](/source/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](/source/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](/source/The_Northern_Miner_(Canada))'' 30 September 2002, p.5</ref><ref name=":2">Dan Westell (14 June 1997), ''Township and mine in tax showdown'', [National Post](/source/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](/source/National_Post)}}</ref> The company was fined $50,000 by the [Ontario Ministry of the Environment](/source/Ministry_of_the_Environment%2C_Conservation_and_Parks) in 1992 after it polluted [Larder Lake](/source/Larder_Lake%2C_Ontario) 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](/source/The_Northern_Miner_(Canada)), 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](/source/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](/source/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

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Adapted from the Wikipedia article [Deak Resources](https://en.wikipedia.org/wiki/Deak_Resources) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Deak_Resources?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.