1992



COMMENTARY — North America limps toward recovery

For investors in metals, the 1990s has been a treacherous time. First, North America dipped deeply into recession and, now that the U.S. and Canada are limping toward recovery, Europe and Japan are sl…


Rosebud stepout drilling returns erratic values

Results from eight drill holes outside the known gold resources at the Rosebud property in Nevada recently returned erratic, discontinuous gold values. The Rosebud project is a 49-51 joint venture bet…


ODDS ‘N SODS — Legend of miners’ patron saint

Saint Barbara is the patron saint of miners, among other people. She has her special day on Dec. 4. I first learned of Saint Barbara from Hans de Ruiter, a Dutch-born mining engineer living in Kirklan…


Funding for Pend Oreille study

A conditional waiver from the formal valuation and minority approval requirements of an Ontario Securities Commission policy as it relates to an unsecured 7% convertible debenture issue to minority sh…


Black Hawk purchasing Redstone nickel mine

Ownership of the Redstone nickel mine near Timmins, Ont., which closed in June, will change hands under a recent deal between Black Hawk Mining (TSE) and Timmins Nickel (TSE). For $150,000, Black Hawk…


Kingswood in property deals with majors

Kingswood Resources (ASE) has negotiated agreements with Kennecott Canada and Soquem on two of its gold and base metal properties in northern Quebec. Kennecott has an option to earn 100% interest in K…


EDITORIAL PAGE — Recessionary blues

The federal finance minister’s recent economic statement or “mini-budget” has its supporters and its detractors, the more vocal, apparently, being the latter. If anything, Donald Mazankowski’s stateme…


HudBay plant costs soar, layoffs loom

The estimated cost of building a new zinc plant in Flin Flon, Man., has jumped to $171 million from $120 million, according to Hudson Bay Mining and Smelting’s (TSE) 1992 annual report. Although compa…


Casino to join in Sentinel merger

In concert with the previously announced combination of Pacific Sentinel Gold (VSE) and Big Creek Resources (VSE), a tentative agreement has been reached with Casino Silver Mines (VSE) to include it i…


MSV negotiates option deal with Soquem for Eastmain

An agreement with the owner of the Eastmain gold project in northern Quebec will allow Soquem to earn a 50% interest in a large portion of the project. MSV Resources (ME) says the agreement allows the…


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