Lenora to test Mexican property
An option to earn a 51% interest in the optioned interest of Vanderbilt Gold Corp. in the La Dura gold property in the Mulatos mining district of Sonora, Me., has been acquired by Greater Lenora Resou…
News
Drifting ongoing at Sleeping Giant
Drifting which began in July continues on the 770-, 970- and 1,360-ft. levels at the Sleeping Giant gold project north of Amos, Que., to test the continuity of mineralized areas 1,000 ft. north of the…
Freeport seeks to extend mining contract in Indonesia
A new contract of work being negotiated with the Indonesian government would allow Freeport Indonesia, a subsidiary of Freeport-McMoRan Copper & Gold (NYSE) of Louisiana, to mine and explore a large a…
PROFILE (October 14, 1991)
Whenever analysts or investors talk about silver, they think of Idaho-based Hecla Mining, which is celebrating its centenary this year. The company’s pride of place, the Lucky Friday mine near Mullan,…
OBITUARY (October 14, 1991)
Well-known mining engineer Tilmer (Tim) Waterland of Delta, B.C., died recently. He was 90. His career involved positions at a number of mines in British Columbia, including Copper Mountain, Anyox, Pr…
Eden Roc expects production from Ivory Coast before ’92
Eden Roc Minerals (ASE), the 67% owned subsidiary of Marshall Minerals (TSE), is preparing to bring its Ivory Coast, West Africa, gold project into production after securing $5.3 million in loans and …
Vancouver Stock Exchange (October 14, 1991)
Despite the odd pocket of excitement and an upward move in gold bullion toward the US$360 mark, the resource index continued its slide toward the 500-point level, closing the week ended Oct. 8 at 514….
U.S. REPORT (October 07, 1991)
Copper oxide specialist Arimetco International (TSE) is teaming up with Holcorp Mines (CDN) to acquire a 100% interest in 305 unpatented mining claims located beside Arimetco’s Yerrington mine in Lyon…
NEWS IN BRIEF (October 07, 1991)
Millrock Development Corp. (MRK.A:VSE) has changed its name to Delta Gold Mining Corporation (DTG:VSE) with a consolidation of capital on a 1-new-for-3-old share basis.
NEWS ROUNDUP (October 07, 1991)
Newmont Mining (NYSE), North America’s largest gold producer, continued to reduce its debt load recently by completing the redemption of its 7% exchangeable debentures. Due Aug. 15, 2001, the debentur…
GOLD FUNDS (October 07, 1991)
BGR Central Net Value $8.31 $5.02 Price $7.63 $4.400 Discount 8.26% 12.4% Value $49,485,036 $74,026,920…
Funding available for uranium review
Funding will be available to help the public participate in a joint federal-provincial review of uranium mine developments in northern Saskatchewan. The governments will grant a total of $350,000 to a…