PNG gov’t boosts stake in Porgera
The Porgera joint venture, in which Placer Dome (TSE) is a partner, has agreed to sell to the government of Papua New Guinea an additional 15% interest in the Porgera gold mine. The three partners in …
News
Chimney, Rabbit Creek merger seems sure thing
The proposed swap of assets between Santa Fe Pacific (NYSE) and London-based Hanson PLC (NYSE) is expected to transform the Chimney Creek and Rabbit Creek mines, immediately north of here, into a sing…
COMMENTARY — Mobile miners making moves
From a recent edition of the Northwest Mining Association’s Bulletin: Today’s mining companies aren’t just planning for the new world of minerals. They’re also anticipating how that world will affect …
Russian diamond tour organized
Toronto consulting firm Watts, Griffis & McOuat and its Russian partner, Almazy Rossia-Sakha, will tour the Russian diamond region of Sakha (formerly Yakutia) from May 23 to June 2. Seminars, case stu…
METALS MARKETS — World metals consumption languishes
In all markets, metals consumption continues to languish among members of the Organization for Economic Co-operation and Development. In Japan and Europe, the main consuming areas such as commercial c…
Adrian boosts reserve estimates at Petaquilla
Initial step-out drilling at the Petaquilla property in Panama has increased preliminary reserve estimates to more than one billion tons. Adrian Resources (VSE) is drilling under an option to earn up …
NEWS ROUNDUP — Waseco negotiates production deal
Oakville, Ont.-based Waseco Resources (CDN) and Nevada company Carson River Gold are negotiating the sale of 50,000 tons of placer gold material from Carson’s leased Lyon Cty., Nev., property to Wasec…
Water quality test drilling uncovers Huckleberry zone
Drilling for a water quality monitoring well in the area of a proposed tailings dam at the Huckleberry project near Kemano, B.C., has intersected a zone of high-grade copper. New Canamin Resources (VS…
VSE Rights & Warrants
Adrian Res. – 2 wts buy sh @ $1.00 to Feb 22/94. Alpha Gold – 2 wts buy sh @ 62} to Sept 24/93. American Reserve M’g – Wt buys sh @ $2.25 to Feb 28/94. Azco Mining WT.L – 2 wts buy sh @ $3.50 to Apr 7…
Etruscan revives Hackett River
A recent agreement with Cominco (TSE) allows Etruscan Enterprises (VSE) to further explore the Hackett River base metal property, 200 km east of Minnova’s (Metall Mining) Izok Lake base metal deposit …
Cheni drops J&L property
After funding about $4.2 million on exploration and metallurgical work since 1990, Cheni Gold Mines (TSE) has decided to drop its option to acquire a 60% interest in the J&L polymetallic property, nea…
Claim staking intensifies around Goose Lake find
Staking is intensifying in the Back River area of the Northwest Territories, where Homestake Mining (TSE) is said to have made a significant gold discovery. Homestake declined comment on the Goose Lak…