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…
1992
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…
MINING IN MEXICO — PROJECT ROUNDUP — War Eagle drilling at
Vancouver-based War Eagle Mining (VSE) has the right to acquire a 99% interest in the La Blanca property in Chihuahua, Mexico, by making staged payments totalling US$770,000. The property is subject t…
MINING IN MEXICO — PROJECT ROUNDUP — Azco exploring pair of
Two large porphyry copper-oxide projects belonging to Azco Mining (VSE), Piedras Verdes and Suaqui Verde, both in the Mexican state of Sonora, are candidates for development using solvent extraction, …
MINING IN MEXICO — FMC establishes Mexican subsidiary
Chicago-based FMC Gold (NYSE) recently incorporated Minera FMC as a Mexican subsidiary to facilitate exploration efforts in Mexico. The company reports that it is encouraged by initial exploration eff…
MINING IN MEXICO — Granduc to acquire La Choya interest
Although best known for mineral projects in northern British Columbia, Granduc Mines (TSE) plans to buy a 25% interest in the advanced La Choya gold project in northwestern Sonora, Mexico. At last rep…
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…
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…
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 — 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…