Mimiska acquiring Nevada property
An agreement to purchase 100% of the Malachite gold-silver-copper patented mining claim in Lyon Cty., Nev., from Lexus Minerals has been entered into by Societe Miniere Mimiska (ME). Mimiska said a st…
News
Tri Origin tests potential of its Australian property
With the application of “Canadian-style” exploration techniques, Tri Origin Exploration (TSE) figures it has a good chance of finding a polymetallic massive sulphide deposit on its Lewis Ponds propert…
Morgain drilling in New Hampshire
Drilling is under way at the Higgins property in New Hampshire, says owner Morgain Minerals (VSE). The company will test two geophysical conductors, one on the southern half and the other on the north…
Olympic Dam expands capacity
The expanding Olympic Dam polymetallic mining project in northern Australia should be processing six million tonnes of material per year by the mid-1990s. The annual production by mid-decade is expect…
New owner planning to expand Quinsam coal
Expansion of the Quinsam coal mine on Canada’s west coast is planned by the project’s new owner. “We screened scores of properties before we found what we were looking for,” George Vooro, president of…
Westar reviews re-restructuring
Only two years after completing a debt reorganization, Westar Mining (TSE) is reviewing a further restructuring of its financial obligations. The original restructuring, completed in early 1990, resch…
Dome cuts costs by 40% following bitter strike in 1990
In an extremely impressive turnaround, the Dome mine here of Placer Dome (TSE) has become one of North America’s lower-cost gold producers. At a recent Chamber of Commerce seminar, Dome general manage…
Cominco doubles reserve estimate at Pebble Copper
A drill program carried out by a unit of Cominco (TSE) during 1991 more than doubled preliminary reserves at the 100% owned Pebble Copper deposit in the Bristol Bay region of Alaska. The deposit is no…
FINANCING (March 09, 1992)
Axagon Resources Ltd – 300,000 units consisting of 1 sh and 1 wt offered @ $1.40 per unit. GHZ Resource Corp – 600,000 shs offered @ 20 cents per sh. Aquila Resources Ltd – 1,000,000 shs offered @ 35 …
LETTERS TO THE EDITOR (March 09, 1992)
As the president of the Prospectors and Developers Association of Canada (PDAC), I would like to comment on Don McKinnon’s remarks (letter to the editor, T.N.M., Feb. 24/92) on my support for Ontario’…
Metal Prices (March 09, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar 3 Mar 2 Feb 28 Feb 27 Feb 26 Copper 1289-1290 1297-1298 1295-1296 1298-1299 1291…
Trillion buying half interest in Zimbabwe mine
A 50% interest in Jena Mines Ltd., which operates a small gold mine in central Zimbabwe, is being acquired by Trillion Resources (ASE). The purchase, subject to regulatory approval, is being made thro…