Reserve boost for Chinese project
An independent study of the Qiandongshan (QDS) zinc-lead-silver project in China’s Shaanxi province has left American Exploration (ASE) confident about reserves. Proven and probable reserves are about…
News
New Mexican mining regulations take effect
The regulations of the Mexican Mining Law went into effect at the end of March. According to the Ministry of Energy, Mines and State Industry (SEMIP), the new regulations eliminate 60 requirements tha…
BOOKS IN BRIEF — Base metals in Kazakhstan
The Base Metal Industry of the Republic of Kazakhstan, by Brook Hunt & Associates Ltd., Old Bank House, 11 London Street, Chertsey, Surrey KT16 8AP, U.K. 8,500. The Republic of Kazakh-stan, part of th…
Denison, Total wrap up mine deal
Toronto-based Denison Mines (TSE) has completed negotiations with Total Compagnie Miniere of France and Total Minatco for the complementary development of two uranium properties in Saskatchewan. As a …
Ivernia, Minorco negotiate Lisheen project agreement
A deal leading to the creation of a new joint venture agreement covering the Lisheen lead-zinc project in County Tipperary, Ireland, has been worked out between Ivernia West and Minorco. The new agree…
NovaGold program outlines Murray Brook copper reserve
A new minable reserve of 425,100 tons grading 2.98% copper has been established at the Murray Brook mine in northern New Brunswick by owner Novagold Resources (TSE). An additional 55,000 tons of crush…
STOCK MARKETS — Investor confidence pushes Pine Channel to
Trading on western markets slowed somewhat during the week ended Apr. 13, with the Vancouver Stock Exchange resource index posting an 8.83-point loss to the 931 level, while the composite index closed…
Writeoffs push Crown Res. into red
Property writeoffs have pushed Crown Resources (TSE) well into the red with a net loss of US$8.6 million for the year ended Dec. 31, 1992. The company withdrew from the Kettle River gold mine joint ve…
New program at Verneuil Twp.
The third phase of drilling is under way at a Verneuil Twp. gold prospect in northwestern Quebec, Golden Tag Resources (VSE) reports. The initial holes of a minimum 10,000-ft. program are planned for …
NEWS ROUNDUP — Breakwater splits with Arimetco
The management contract between Breakwater Resources (TSE) and Arimetco Resources (TSE) has been canceled. Formed last year, it provided that Arimetco manage Breakwater’s operations. The companies joi…
Hycroft plans private placement
A planned private placement of special warrants is expected to net Hycroft Resources & Development (TSE) about $10.9 million before deducting issue expenses. The placement includes 10.5 million specia…
MAPAO meeting planned for May
The 62nd annual meeting of the Mines Accident Prevention Association of Ontario will take place May 27-28 at Toronto’s Sheraton Centre. The meeting will feature a mining health and safety conference. …