NEWS IN BRIEF (July 20, 1992)
Lord River Gold Mines Ltd. (LRD:VSE) has changed its name to Aquamin Resources. Inc. (AQN:VSE) with a consolidation of capital on a 1-new-for-4-old-share basis. The transfer agent is Montreal Trust.
Articles by Northern Miner Staff
Miramar pulls high-grade intersection
Recent drilling on the Golden Eagle property, formerly known as the Flowery mine, returned a 60-ft. intersection from 110 ft. to 170 ft., grading an average of 1.08 oz. gold per ton. The Golden Eagle …
Fluor, Davy McKee awarded contract by Kennecott
A contract to provide engineering, procurement and construction management for the Utah copper smelter modernization project of Kennecott was awarded to Fluor Daniel Inc. and Davy McKee Corp. The cont…
Swansea arranges bulk testing
An agreement covering the additional bulk testing of 35,000 tonnes from the Montana Ruby Creel alluvial gold deposit in Montana has been signed with a state-based contractor, Swansea Gold Mines (CDN) …
First Standard dewaters gold mine
Vancouver-based First Standard Mining (VSE) says it has started dewatering the Val St. Gilles gold mine north of Rouyn-Noranda, Que., and has received all the environmental permits and approvals neces…
Audrey wins a reprieve on US$12.1 million of debt
Still seeking a way to finance development of new reserves at its Mobrun polymetallic mine near Rouyn-Noranda, Que., Audrey Resources (TSE) has won another reprieve on debts owed to Elders Finance Inc…
Menora completes unit offering
A private placement of 1.125 million units at 40 cents per unit has been completed by Menora Resources (ME). Each unit consists of one common share and one warrant; two warrants and 80 cents are requi…
Commodity index rises slightly (July 13, 1992)
The metal and mineral sub-index of Scotiabank’s commodity price index edged up in May as firmer zinc prices offset weaker prices for nickel, gold and aluminum. The sub-index helped the all-items index…
LATIN AMERICA — Mexico is largest trading partner
Canada’s largest trading partner in Latin America is Mexico, reports the Export Development Corp. (EDC), which recently announced the conclusion of a technology-based sale by a Canadian exporter to Me…
Trev negotiates options on two Ontario properties
Calgary-based Trev (ASE) has negotiated option agreements to earn a 100% interest in two Ontario properties with the potential to host significant massive sulphide mineralization. Previously held by t…
Windy, Cochise to drill at MacLeod
Exploration will resume on Windy Mountain Explorations’ (ASE) MacLeod Lake polymetallic property in northern Quebec following the closing of a $335,000 private placement at 59 cents per share. Windy s…
Court backs plan by Horsham to take Clark Oil public
A Delaware court has granted Missouri oil refiner Clark Oil & Refining the right to proceed with a US$100-million initial public offering of common shares, despite opposition from minority shareholder…