Aiming to outline a heap-leachable copper reserve on its Cuatro Hermanos property in Mexico, Morgain Minerals (VSE) will launch a percussion drilling program on four separate oxide zones this month. M…
A proposed foray into a Mexican gold project was aborted by Granduc Mines (TSE) because of international tax considerations and other matters that altered original expectations. Granduc had planned to…
Although still subject to a final formal agreement and regulatory approval, Tombstone Explorations (VSE) recently signed an agreement allowing it to acquire a 100% interest in 15 properties comprising…
Nevada-based Great Basin Exploration & Mining recently signed a letter of intent to joint venture the Santa Lucia property owned by Fischer-Watt Gold (NASDAQ). The property is a 45.5-sq.-km concession…
New prospecting permits have expanded the area of interest of the Woolgar joint venture in the Northwest Territories to 300,000 acres, Rhonda Mining (ASE) reports. Rhonda’s partner in the copper ventu…
The total value of Canada’s mineral production in 1992 increased by 0.6%, or about $200 million from the 1991 level, the federal department of Energy, Mines and Resources reports. Preliminary estimate…
Production of zinc concentrate will be reduced in 1993 by 40,000-45,000 tonnes of contained zinc because of the worldwide surplus of zinc concentrate, Noranda Minerals, a unit of Noranda (TSE), report…
Workers at the David Bell gold mine, owned jointly by Teck (TSE) and Homestake (TSE), recently ratified a new 3-year collective agreement. Highlights of the contract include a 7% wage increase over th…
Murray Pezim appointed chairman of the board; Naren Majithia appointed director.
Former gold producer Skyline Gold (TSE) released details of an agreement to settle $2.6 million of debt to the Royal Bank of Canada. The company will make an immediate payment of $739,500 to the bank,…
Low-cost mines in Papua New Guinea and operating improvements at several North American mines enabled Placer Dome (TSE) to more than offset last year’s 7% drop in the average gold price to US$344 per …
A proposal has been made by Metall Mining (TSE) to acquire all of the shares of Minnova (TSE) that it does not own at a price of one Metall common share and $4 for each Minnova common share. Metall ac…
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