U.S. ROUNDUP — Rea options BMR ground
A wholly owned subsidiary of Rea Gold (TSE) recently entered an agreement to earn a 50% interest in the Comstock project owned by BMR Gold (TSE). In order to earn the interest, Rea must spend a total …
News
U.S. ROUNDUP — Glamis receives Baltic permits
After two years of engineering and permitting, Glamis Gold (TSE) has received construction and operating permits for the company’s Baltic project. The Baltic project is adjacent to the company’s Yello…
U.S. ROUNDUP — Silverspar acquires fluorite properties
Already active on a fluorite-silver project in Arizona, Silverspar Minerals (VSE) recently entered into an agreement-in-principle to acquire two fluorite properties elsewhere in the U.S. Fluorite is t…
Drilling tests discovery at western Fors prospect
The share prices of Consolidated Ramrod Gold (TSE), Chapleau Resources (VSE) and Barkhor Resources (VSE) held firm even though assay results were not as good as expected from the first hole drilled on…
Barrick, Newmont sign agreement
A definitive joint cooperation agreement has been signed by American Barrick Resources (TSE) and Newmont Gold (NYSE) for development of the gold producers’ common areas in the northern sector of the C…
Westminer closes operations at Chibougamau
After months of attempting to cut costs, Westminer Canada, a unit of Australia-based Western Mining, has decided to close its two Chibougamau area mining operations. The closures, which occurred at th…
NEWS ROUNDUP — Tiomin raises $3.2 million
Toronto-based Tiomin Resources (ME) has completed negotiations to raise at least $3.2 million through a private placement of special warrants to institutional investors. The special warrants will enti…
Temporary shutdown at Sa Dena Hes mine
In order to further decrease its inventory of lead-zinc concentrates, Curragh (TSE) plans to close its Sa Dena Hes mine in the Yukon from Dec. 2 until Jan. 6, 1993. The Sa Dena Hes mine produces 12,00…
Louvicourt development continues
Development work at the Louvicourt base metal deposit near Val d’Or, Que., is right on schedule, says Aur Resources (TSE) Executive Vice-President Howard Stockford. Cost of the work program for the Lo…
GUEST COLUMN — China needs expertise for gold hunt
On our return trip to Beijing, we stopped in the city of Lanzhou on the banks of the Yellow River to meet with the top brass of the Ganzhou Provincial Gold Corp. We learned that Ganzhou province curre…
Flow-through’s contribution positive, says PDAC
Is flow-through funding the magic formula that led to the discovery of billion of dollars worth of ore or another government scheme plundered for the benefit of the few? Once again the pros and cons a…
Royalty in works for Nufort project
Similco Mines, a subsidiary of Princeton Mining (TSE), has informed Nufort Resources (TSE) that it intends to begin mining operations on a small portion of Nufort’s Copper Mountain property in souther…