Manic awaits court decision
A lawsuit filed by a Cree band against Mineraux Manic has yet to be resolved. Some of the company’s assets were seized last year as a result of the litigation. Manic’s shares ceased trading on the Mon…
News
TVI options Atlas gold-copper project
Calgary-based TVI Copper (ASE) and Manila-based Atlas Mining & Development have tentatively agreed to explore and develop a gold-copper prospect in the Philippines. TVI will earn a half interest in th…
Golden Regent options Slovak gold properties
Junior Golden Regent Resources (ASE) can earn a 66.7% interest in several gold properties in the Slovak Republic. It will acquire the interest from joint-venture partner Eco Trends Consulting of Brati…
Barrick drills Corona porphyry in Peru
Six drills are turning on the Corona gold-copper porphyry property in northern Peru and another two are being moved on site. American Barrick Resources (TSE) is performing delineation drilling to earn…
Rio posts profit for 35th straight year
For the 35th consecutive year, Rio Algom (TSE) has showed its mettle by posting earnings and dividends. Nevertheless, earnings decreased 14%, compared with 1992, while revenues gained 5% for the same …
Lead emissions to drop by 70-80% — Cominco, B.C. government
Base metal producer Cominco (TSE) and the British Columbia government have set the stage for modification and environmental upgrading of the company’s smelter complex at Trail, B.C. Agreements between…
Bethlehem to test Delta-1
Junior Bethlehem Resources (TSE) can earn a half interest in the Delta-1 gold-silver prospect in northern Mexico. Under an agreement with Levelland Energy & Resources (VSE) and Minera Delta, the compa…
William acquires gold project
Following completion of a due diligence review of the Malmani gold project in South Africa, William Resources (ME) has opted to acquire all shares of Ventra Gold Mines held by Braeside Investments. Ve…
Inco cutting staff, production resumes
Production at Inco’s (TSE) operations in Sudbury, Ont., and Thompson, Man., have resumed after a period of cutbacks. The Sudbury mines were closed for eight weeks whereas, at Thompson, operations were…
Granduc borrows funds for Keystone
Following their recent purchase of share positions in Granduc Mining, associated companies Conwest Exploration and Jascan Resources have agreed to lend Granduc up to $3.5 million. (All three companies…
OPINION — U.S. capital moves overseas for copper
A large amount of capital is moving out of the U.S. to foreign countries, particularly Chile, for exploration and development of copper mines. During the past 10 years, American producers have spent e…
Con. Nevada options Springs
Consolidated Nevada Goldfields (NASDAQ) has a 1-year option to buy the Springs gold property in north-central South Carolina. The vendor is Brewer Gold. The concession is 1 mile west of the Haile mine…