Ontario appoints lands commissioner
Appointed Ontario’s new mining and lands commissioner in August was Linda Kamerman. The commissioner performs both administrative and judicial duties under the Mining Act. Kamerman’s job also entails …
News
SouthernEra buying into diamond mine
As predicted at its annual meeting in June, SouthernEra Resources (TSE) has completed negotiations to acquire an interest in an intermittent diamond producer in South Africa. Along with partners Dryde…
Wheaton strikes new Ketza deal
The Ketza River property in the Yukon is being purchased by Wheaton River Minerals (TSE) under a renegotiated agreement with Canamax Resources (TSE). Under the agreement, Wheaton has assumed responsib…
PRODUCER PRICES (September 07, 1992)
ALUMINUM: MW U.S. market US59.25-59.90 cents per lb. (Aug. 20, 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, 199…
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…
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…