Kingswood in option deal with Nemiscau
Kingswood Resources (ASE) has signed an agreement with Nemiscau Mines, a subsidiary of Inco (TSE), to earn a 100% interest in a 6-claim property 120 miles north of Matagami, Que. Surrounded by Kingswo…
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Minerex doubles Aurora reserves
An ongoing exploration program has doubled ore reserves and further extended the life of the Aurora Partnership mine operated by Minerex Resources (TSE) in Mineral Cty., Nev. The 16,000-ft. drill prog…
Audrey accounting practices criticized
Charges by a Montreal accounting professor that Audrey Resources (TSE) inflated earnings statements to entice investors have been denied by Audrey President Guy Hebert. The Montreal Gazette, a Southam…
Bulgaria seeks venture partners
Following the example of its neighbors in eastern Europe, Bulgaria is moving to a market economy. Its state-owned mining research and technology company, Niproruda, is in the process of being privatiz…
Breakwater improves financial position (September 07, 1992)
The recent restructuring of Breakwater Resources (TSE) has contributed to an improved bottom line, as have cost control measures and improved metal prices. The company owns 49% of a gold mine in Washi…
Additional Kookaburra funds for Longshot Ridge project
Additional funding was recently secured by Kookaburra Gold (VSE) for feasibility work on the Longshot Ridge copper-oxide project in Nevada. Kookaburra’s principal shareholder, Australia-based Xenolith…
Goldstack deals with Shoshoni
An agreement with Consolidated Shoshoni Gold (VSE) to acquire a 50% interest in Shoshoni’s Transmitter Hill gold property in Utah has been entered into by Goldstack Resources (VSE). The property is ad…
St. George pours first gold at Dean
Despite some delays and setbacks, St. George Metals (VSE) recently poured its initial dore from pilot plant facilities at the Dean mine in the Battle Mountain district of Nevada. The Houston-based com…
Mine supplier plans offering
Parts distributor Mining and Allied Supplies (Canada) says it has filed for an initial public offering of up to six million units consisting of one common share and one common share purchase warrant. …
Deak secures feed from Astoria
Toronto-based Deak Resources (TSE) recently signed two deals designed to secure future feed for its Kerr mill at Virginiatown, Ont. In Quebec, the gold miner has negotiated an option-royalty agreement…
EDITORIAL PAGE — A truly regional Senate
There is an opportunity for Canada’s Constitution “fixers” to make the proposed new Senate truly representative of the country’s regions. But if they stop at simply giving provinces equal representati…
Goldstake buys Arizona project
The Little Giant gold-copper property in Arizona has been purchased by Goldstake Explorations (TSE). The purchase price was US$200,000 in cash, and a 2% gross production royalty with a minimum royalty…