Placer to drill Turquetil property
A drill program will begin in April on Placer Dome’s (TSE) Turquetil gold project, 130 miles southeast of Rankin Inlet, N.W.T. The drilling will test several new gold targets along the extension of th…
News
Joe Mann output declines in 1992
Copper and gold output at Campbell Resources’ (TSE) Joe Mann mine near Chibougamau, Que. declined by over 20% last year. In 1992, the mine produced 70,200 oz. gold and 1.2 million lb. of copper compar…
Open-pit strip ratios deceptive
Most depictions are more realistic in three dimensions than in two. The grade and tonnage figures of a newly discovered orebody may look like a bonanza but only by including the depth of the orebody b…
Breakwater raises Honduran funds
Breakwater Resources (TSE) has purchased the equivalent of US$9.2 million in Honduran sovereign debt at a substantial discount to face value. The company says it then exchanged the debt for Honduran c…
LATIN AMERICA SPECIAL — Brazil emerges from political
Just emerging from a political crisis that saw its president, Fernando Collor, resign under accusations of corruption, Brazil is now concentrating on controlling its rampant inflation rate. But Collor…
LATIN AMERICA SPECIAL — Canyon, Battle Mountain in joint
The Centenario gold deposit announced last year is the first discovery made by Minera Hispaniola S.A., a company formed by joint venture partners Canyon Resources (NASDAQ) and Battle Mountain Gold (NY…
LATIN AMERICA SPECIAL — Encroachment on Guyanese lands to be
The local gold and diamond miners association has warmly greeted news that the government is finally going to address the problem of encroachment on Guyanese lands by miners from neighboring countries…
LATIN AMERICA SPECIAL — PROJECT ROUNDUP — Skyline options
Vancouver-based junior Skyline Gold has agreed to acquire a 70% interest in a newly discovered polymetallic deposit in the eastern Sierra Madre mountains of northern Mexico. Mapping on the 4,300-acre …
LATIN AMERICA SPECIAL — Different look to today’s Latin
Times have changed in Central and South America, where the winds of economic reform seem to have found a favorable reception. The 1990s have ushered in a period of economic revival for Latin America. …
Province stays Westray charges
A decision to stay 18 safety-related charges against the owner of the Westray coal mine in Nova Scotia and four managers was announced recently by the province’s chief prosecutor. A methane explosion …
Menora enters financing deal
A financing advisory agreement has been signed with IBK Capital Corp. of Toronto, Menora Resources (ME) reports. The junior says IBK will, among other things, arrange financing of not less than $5.25 …
LATIN AMERICA SPECIAL — Canadian tax levels top business
High levels of taxation — not labor costs and wages — was the main concern expressed by Canada’s top 1,000 business leaders when asked about their ability to compete with similar companies in Mexico…