An agreement to purchase the 75% interest of American Barrick Resources (TSE) in the Pandora gold property near Malartic, Que., has been negotiated by Queenston Resources (TSE). The deal, expected to …
Under a recent agreement with Dundee-Palliser Resources (TSE), Placer Dome (TSE) has acquired the right to earn a 60% interest in 55 gold claims in Desjardins Twp., northwestern Quebec. The terms of t…
As a result of an 11th-hour agreement with B.C. Rail, Quintette Coal managed to meet its Feb. 29 deadline to file its restructuring agreement with the British Columbia Supreme Court. Quintette has bee…
A net loss of US$15.4 million was reported by Hecla Mining (NYSE) for 1991, a downturn from 1990 when the company recorded net earnings of US$6.7 million. A loss of US$1.9 million on revenue of $27.3 …
A second phase of drilling is under way at the Golden Quail property in San Bernardino Cty., Calif. Located about 12 miles west of Viceroy Resources’ Castle Mountain project, the property is under opt…
Plans to explore and develop a source of lithium in Bolivia were announced recently by FMC (NYSE). Source of the lithium is a brine deposit considered to be among the largest reserves of the mineral i…
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…
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…
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…
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…
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…
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…
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