Tanqueray options B.C. perlite mine
Calgary-based junior Tanqueray Resources (ASE) has acquired an option to buy the Frenier perlite mine in central British Columbia. The mine, near Clinton, has proven reserves of more than 450,000 tonn…
News
Hot play in Mexican hot spot (48 C) — Eldorado’s La Colorada
Less than a year after it formed a joint-venture agreement to earn a 70% interest in the La Colorada property, Eldorado (VSE) has completed a pilot heap leach test and expects to be in production by t…
Windy Craggy: 1958-’93
The owners of the Windy Craggy deposit in northwestern British Columbia will be demanding compensation of several hundred million dollars from the provincial government. Last week, the government expr…
Chesbar, Spirit in Venezuela
Two Montreal-listed companies, Spirit Lake and Chesbar Resources, plan immediately to explore their newly acquired La Salle concession in the Anacoco area of Venezuela. The option (30% for each compan…
CANMET signs European deal
A 3-year arrangement allowing for the exchange of information on environmental technologies has been signed by CANMET (Canada Centre for Mineral and Energy Technology) and the Commission of European C…
MVP Capital to issue $1m in bonds
A Swiss securities dealer has agreed to buy $1 million in convertible bonds and warrants from MVP Capital (TSE). MVP plans to use $500,000 of the proceeds, together with $500,000 already advanced to D…
Gold City acquires western gold claims
Calgary-based Gold City Resources (ASE) has optioned 450 claim units in southern British Columbia from a private Alberta company in return for the issuance of shares. Exploration on the 25,000-acre pr…
Goldpost concludes Hislop property sale
Shareholders have approved the sale of Goldpost Resources’ (TSE) gold properties in northern Ontario to St Andrew Goldfields (TSE). The three contiguous properties — Hislop East, Holcorp and Valliere…
Collahuasi a blockbuster that keeps on growing
In its annual review, Falconbridge describes the Collahuasi copper project in northern Chile as the biggest exploration story of 1992. The bold statement illustrates just how important Chile has becom…
Arizona Star completing study
At the Aldebaran property in north-central Chile, Arizona Star Resource (VSE) expects to complete, by September, a pre-feasibility study for an open-pit heap-leach project. The company is earning a 51…
LAST BUT NOT LEAST — Noranda converts preferred shares
Toronto-listed Noranda has converted 16.3 million Series C preferred shares (92% of the total series) into common shares. Each convertible preferred share is equivalent to 1.15 common shares. As a res…
Tyranex tries again at Tyranite mine
A pair of juniors have joined forces to develop and mine the Tyranite orebody at Gowganda, Ont. Under a 50-50 joint venture, Mill City Gold Mining (ASE) and Tyranex Gold (CDN) plan to drive further no…