Minerva evaluates La Conquista
Despite tough market conditions, Minerva Gold Mines (VSE) is continuing to evaluate the La Conquista property which consists of seven claims within the boundaries of the producing San Martin mine in t…
1992
Dayton takes Andacollo partner
Although still subject to a due diligence review, the Canadian subsidiary of a Malaysian mining company has offered to buy a 25% interest in the Andacollo gold project in central Chile. The project is…
Dankoe abandons silver mine in B.C.
Low silver prices and the poor outlook for the metal have prompted Dankoe Mines (VSE) to abandon its mining and milling complex near Keremeos, B.C. The mine’s underground workings have been shut down …
INSIDER TRADING — Hillsborough insiders on buy side
Director John Lecky and major shareholder John Pope loaded up on shares of Hillsborough Resources (TSE) in September. Lecky bought 356,361 shares of the mining contractor for $2.28 to hold 1.32 millio…
Waddy completes 15 holes infill drilling at Komis project
Fifteen drill holes have now been completed by Waddy Lake Resources (TSE) on their 100% owned Komis gold deposit near La Ronge, Sask. All 15 were infill holes drilled to increase reserves on the “C” z…
Spot prices at a glance (October 19, 1992)
Week’s Price (US) Change Gold* $343.30 – $6.20 Silver* $ 3.71 – $0.04 Platinum*$355.00 – $4.00 Nickel** $ 2.84 – $0.17 Lead** $ 0.25 $0.00 Copper $ 1.02 – $0.01 Zinc $ 0.54 $0.00 Courtesy of Scotiaban…
U.S. REPORT — Pegasus’ Talapoosa drilling confirms deposit’s
A recently completed first-phase drilling program on the Talapoosa project in Nevada confirms the widespread gold mineralization intersected in previous drilling on the property. Pegasus Gold (TSE) co…
William, Claude in Vauquelin deal
The 19-claim Vauquelin property 35 km east of Val d’Or, Que., has been sold to Inco (TSE), William Resources (ME) and Claude Resources (TSE) report. Inco paid a total of $25,000 for William’s 75% inte…
U.S. REPORT — Phelps Dodge, Canyon to seek permits Positive
One of the largest new gold discoveries in the U.S. will be further evaluated as a proposed open pit mining and heap leach operation capable of producing about 300,000 oz. gold per year over the first…
MINING IN MEXICO — PROJECT ROUNDUP — Aumex seeks venture
Looking for a partner to help explore three epithermal volcanogenic disseminated gold deposits east of Hermosillo in the Mexican state of Sonora is Aumex Mines S.A. de C.V., which is jointly controlle…
MINING IN MEXICO — PROJECT ROUNDUP — Corner Bay makes
A letter of intent to earn a 50% interest in the Washington copper property in Sonora, Mexico, was negotiated earlier this year by Corner Bay Minerals (TSE). The company agreed to provide the financin…
MINING IN MEXICO — Torres’ costs at US$245 per oz.
On completion of the takeover of International Corona, San Francisco-based Homestake Mining (NYSE) will inherit the 30% owned Torres Mining company in Mexico. Torres, which is operated by Industrias P…