Rayrock makes cash offer to debenture holders
A move to strengthen its financial position is the reason Rayrock Yellowknife Resources (TSE) is making a cash offer to debenture holders. The company says it is offering to all holders of its $24.5 m…
1993
High River drills Snow Lake project
A deep drill program has commenced on High River Gold Mines’ (TSE) Snow Lake gold mine property near Snow Lake, Man. A deep drill hole has been positioned to intersect the Dick zone at the 3,200-ft. l…
Equinox shuts Van Stone
Low zinc prices have once again prompted Equinox Resources (TSE) to mothball its 60% owned Van Stone zinc-lead mine in northeastern Washington state. The mine recently returned to a temporary care-and…
Northern Crown plans Mexican drilling
An initial 16-hole drilling program is set to start at the Guadalupe property owned by Northern Crown Mines (VSE). Drill footage on the Mexican property will total 6,000 ft. and test about 1,000 ft. o…
LETTERS TO THE EDITOR — Selloff depresses gold price
At a time of genuine economic crisis, the Bank of Canada is selling off our gold reserves at a dangerously high rate. Notwithstanding the security our formerly enviable gold reserves were able to prov…
Amer. Resource awarded Durazno
The Bajo El Durazno copper-gold project in Argentina has been awarded to American Resource (USOTC), the California-based company and Argentine state mining company Yacimientos de Agua de Dionisio anno…
Regal director makes trades
A director of Regal Goldfields (CDN) emerged as an active trader of the company’s shares last December, when an exploration program on Regal’s diamond properties was getting under way. According to th…
Celebrating Santa Barbara Day
Regarding Michael Barnes’ article about Santa Barbara (T.N.M., Dec. 14/92), I would like to point out that Italian and Belgium communities that were, in the past, deeply affected by mining activity st…
GSC aids Kirkland diamond search
The Geological Survey of Canada (GSC) has launched a 5-year, $650,000 program designed to evaluate kimberlite occurrences around Kirkland Lake, Ont., and develop strategies for kimberlite exploration …
Cominco Res. boosts reserves in Turkey
Additional drilling during 1992 at the Cerattepe copper property in northeast Turkey boosted reserves by about one-third. Cominco Resources International (TSE), owner of the project, estimates diluted…
Tatshenshini report presents three options
A trio of options are outlined in an interim report related to future land and water use of the Tatshenshini-Alsek River region in the northwest corner of British Columbia where Geddes Resources (TSE)…
Minnova, Freewest start drill programs
Toronto-based Minnova (TSE) has started drilling on the Benoit Twp. gold property in northwestern Quebec, reports partner Freewest Resources (TSE). The 2-rig, 13,000-ft. program will test the known go…