NEWS ROUNDUP — Cominco sells Aberfoyle interest
Proceeds of about $135 million will be realized by Cominco (TSE) from the recent sale of its 46.3% interest in Aberfoyle to Australian and international institutions. Aberfoyle owns the Hellyer zinc-l…
Articles by Northern Miner Staff
GOLD FUNDS (September 07, 1992)
BGR Central Net Value $8.18 $4.87 Price $6.88 $4.50 Discount 15.97% 7.6% Value $48,627,000 $75,709,350…
FINANCING (September 07, 1992)
Sundance Res. Ltd. – 2,200,000 shs with 200,000 guaranteed (initial shs) @ 23 cents per sh and 2,000,000 shs on a Best Efforts basis (“remaining shs”) @ prevailing market price subject to a minimum of…
Arbor options Yukon projects
An undisclosed senior mining company recently signed a letter-of-intent option agreement on the Lone Star property and other mineral claims held by Arbor Resources (VSE) in the Klondike gold camp of D…
STOCK MARKETS — Barrick soars to new high on anticipated
Despite a sluggish gold price, the TSE’s gold and silver index edged up by almost 300 points during the week ended Sept. 1 as the market took heed of optimistic forecasts for the yellow metal. Investo…
Brush Creek, MK to join forces
According to a recent letter of intent agreement, Brush Creek Mining (NASDAQ) and MK Gold, the mining subsidiary of Morrison Knudsen, plan to join forces to explore and develop gold properties in Russ…
New Duport design proposed
A new design for the Duport project of Consolidated Professor Mines (TSE) in northwestern Ontario has been proposed which will relocate all ore processing from the island mine location to a site outsi…
Six drills active on Ramrod projects
At least six drilling rigs are now active on various properties held by Consolidated Ramrod Gold (TSE) in western North America and Mexico. Among the more recent programs to get under way is a 2,000-m…
LATIN AMERICA ROUNDUP — Campbell budgets extra San Luis
Initial drill results from a program at the San Luis gold property in Sonora, Mexico, indicate the presence of at least two near-surface zones of mineralization, potentially minable by open pit, with …
LATIN AMERICA ROUNDUP — Azco drilling Piedras Verdes
Encouraging results have been obtained from the drilling of the wholly owned Piedras Verdes copper-oxide project in southern Sonora, Mexico, Azco Mining of Colorado reports. The company says the work …
Breakwater adds Mochito reserves with new zone
A new orebody known as the Nacional zone was defined during a recent exploration and development program carried out by Breakwater Resources (TSE) at its El Mochito mine in Honduras. The new zone, whi…
Pioneer considers reopening Puffy Lake
With an ore reserve study by Kilborn Engineering now in hand, Pioneer Metals (TSE) has retained Tonto Mining to carry out a mining study for the company’s Puffy Lake gold deposit northeast of Flin Flo…