Homestake sweetens deal for Prime Resources
Homestake Mining (HM-N) has upped the ante for the remaining 49.6% of Prime Resources (PRU-T).According to an agreement reached by the board of directors of each company, Homestake will grant Prime’s …
News
Lac des les struggling for profits
Despite robust prices for platinum group metals, profits have remained elusive at the Lac des les mine near Thunder Bay, Ont., Canada’s only primary platinum group metals producer.In the first six mo…
EDITORIAL & OPINION — ODDS ‘N’ SODS — Water, water everywhere
Sometime in 1922, I got word that the Consolidated Coal Company in Fairmouth, W.Va., had a big shaft job up for tender.This company was said to be an interest of oil baron John D. Rockefeller and was …
EDITORIAL & OPINION — Court ruling respects small businesses — NWMA vs. Babbit
Small business and big government don’t always see eye to eye, and the greater the disparity, the greater the chances that might will overpower right. But that was not the case earlier this year, when…
Barrick options Rossi property in Carlin trend
In an effort to expand its holdings in Nevada’s Carlin trend, Barrick Gold (ABX-T) has entered a joint-venture agreement to explore the Rossi gold property, held by Meridian Resources (MNG-T).Barrick …
CORRECTION (September 21, 1998)
In our Aug. 24 report on the merger of Glamis Gold (GLG-T) and Mar-West Resources (MSR-V), we incorrectly stated that the latter’s president, Simon Ridgway, and vice-president of exploration, Robert W…
Oliver and Trillion plan merger
The directors of Oliver Gold (OGO-V) and Trillion Resources (TLQ-T) have agreed to merge their companies.Few details have been released, other than that a merger proposal will be mailed to shareholder…
Loubel acquires Lemoine gold property
Loubel Exploration (LBX-M) has boosted to 100% its interest in the Lemoine gold property, on the southern flank of the Chibougamau pluton in northern Quebec.For its additional 50% interest, Loubel wil…
Francisco boosts Sauzal resource
Junior Francisco Gold (FGX-V) has increased the indicated resource estimate at its wholly owned El Sauzal project in northern Mexico. The gold resource has grown by 370,000 ounces, or 12.5%, and now s…
Auspex, Vestor size up Portuguese prospect
Partners Auspex Minerals (APJ-V) and International Vestor Resources (IVS-V) are encouraged by results from a hole drilled on surface at the Aljustrel Mining complex in south-central Portugal.To date, …
NEWS ROUNDUP — American Copper eyes Oro Nevada
Vancouver-based American Copper (ACC-V) has offered to buy all the outstanding shares of Oro Nevada Resources (ONV-A) for a price equivalent to 30 cents per share, payable on the basis of one American…
NEWS ROUNDUP — AntOro acquires Beauce property
An exploration program is planned by AntOro Resources (ORE-M) on its newly acquired Seigneurie St. Francois property in Beauce Cty., Que.The property is in a historic placer mining region, where many …