1992

Falconbridge drilling at White Star

Shares of White Star Copper Mines (CDN) broke through the $1 mark in active trading on growing speculative interest in the current drilling being carried out by Falconbridge on the company’s small but…


Joint venture for Haile project

New partners Piedmont Mining (NASDAQ) and Amax Gold (NYSE) recently signed a definitive joint venture agreement for the Haile property near Kershaw, S.C. Amax announced the purchase of a 67.5% interes…


Vintage metallurgy now “chemically correct”

With a wary eye on the environmentalists, quite a few gold mining companies are making a big to-do about recovering gold without cyanide. In this day and age, being “chemically correct” is highly desi…


Higher output for Hemlo Gold

Low-cost gold producer Hemlo Gold Mines (TSE) increased first-half output to 236,600 oz. from its two operating mines. Production at the Golden Giant mine at the Hemlo camp in northern Ontario totalle…



Goldstack plans follow-up work

A new management team at Goldstack Resources (VSE) is hoping it will be able to follow up on favorable drilling results from its Yellowhammer copper-oxide property on the Utah-Nevada border. Encouragi…



FINANCING (August 10, 1992)

Swannell Minerals Corp. – 2,250,000 shs offered @ 40 cents per sh. Chase Res. Corp. – 1,300,000 units offered @ $2.50 per unit. Stormin Res. Inc. – 1,500,000 shs offered, price to be announced.



NEWS IN BRIEF (August 10, 1992)

Redwood Resources Inc. (RDW:VSE) has changed its name to Trooper Explorations Ltd. (TPP:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.


LATIN AMERICA — Tuina running smoothly: Mahogany

Startup troubles at the Tuina copper mine in northern Chile, which went into operation in March, have been rectified, International Mahogany (TSE) reports. Direct operating costs at the project, which…



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