Cheni to mine new Lawyers zone
Infill drilling on a recently discovered small but very high-grade oreshoot at the Lawyers property has prompted Cheni Gold Mines (TSE) to proceed with mining the zone in the fourth quarter. The Lawye…
News
NEWS ROUNDUP — Rea sells QR gold deposit to CMP
Subject to regulatory approval, Rea Gold (TSE) has agreed to sell its QR gold property near Quesnel, B.C., to CMP Resources (ME) for $450,000 plus 2.5 million shares of the company currently held by C…
Placer sells Big Bell interest
The 50% interest in the Big Bell gold mine in Western Australia belonging to Placer Pacific, the 75.7% owned subsidiary of Placer Dome (TSE), has been sold to Poseidon Gold of Australia for about US$8…
Kalahari tests mag anomaly in Quebec
Vancouver-based Kalahari Resources (VSE) recently optioned 1,000 claims in the Eastern Twps. of Quebec from Peter Ferderber and Associates in exchange for 300,000 shares. The claim group, called the A…
Industry, governments extend funding for MEND research
Representatives of the mining industry and five governments have signed a memorandum of understanding which will add another four years and $5.5 million to an environmental research program. The agree…
Heenan undergoes restructuring
After a rather drastic restructuring, Heenan Senlac Resources is making something of a comeback. Its shares were suspended from trading on The Toronto Stock Exchange in April, 1990, for failure to mee…
SEG, KWG continue Granada work
Joint venture partners SEG Exploration (ME) and KWG Resources (ME) are proceeding with the collection of a bulk sample from their Granada gold property near Val d’Or, Que. The 20,000-ton sample will b…
EDITORIAL PAGE — Squeezing securities dealers
Securities dealers, those orphan stockbrokers in Ontario that aren’t members of either The Toronto Stock Exchange or the Investment Dealers Association (IDA), have few friends these days. The Ontario …
MINER DETAILS — Mining an off-the-wall enterprise
The mining industry and its personalities have on occasion made interesting fodder for books that generally fall into two categories, the trash-for-cash expose or those so glowing they transform even …
PRODUCER PRICES (October 05, 1992)
ALUMINUM: MW U.S. market US58.25-58.75 cents per lb. (Sept. 10, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 19…
Noranda pulls out of eastern U.S.
Toronto-based Noranda Minerals has effectively curtailed exploration activities in the eastern half of the U.S. by putting the brakes on projects in Wisconsin and closing its small North Carolina offi…
Hol-Lac amends agreement
Hol-Lac Gold Mines (CDN) and White Plains Resources (VSE) have amended their agreement of Feb. 7, 1992. Under the new agreement, Hol-Lac can participate up to 10% in the Gilbert wollastonite project i…