Tombill offering to buy back shares
Tombill Mines is making an offer to buy back all of its outstanding class A voting shares and class B non-voting shares at $3.05 per share. The offer will be made through the facilities of The Toronto…
News
Rea, BMR to proceed with Comstock
A formal joint venture agreement between Rea Gold (TSE) and BMR Gold (TSE) was recently completed for the development of the Comstock gold project near Carson City, Nev. To earn a 50% interest in the …
Nerco’s Con gold mine at Yellowknife, N.W.T., is part of the
Major North American metals producer Kennecott is bidding for control of Nerco (NYSE). Kennecott’s parent, international mining house RTZ (NYSE) of London, says Kennecott of Salt Lake City, Utah, is o…
NEWS ROUNDUP — Gibraltar North not economic
An evaluation of the North copper zone by Gibraltar Mines (TSE) resulted in a decision not to proceed with development of the deposit as part of the company’s mining plan. The zone will not be include…
Ecum Secum is attracted by Cobequid Hills geology
A private exploration company, Ecum Secum Enterprises of Truro, N.S., is speculating that the geology of the Cobequid Hills, Colchester Cty., N.S., may be similar to that of the prolific western-state…
Inco to reopen Garson mine in Sudbury
The Garson mine, one of the higher-grade nickel orebodies in Ontario’s Sudbury region, is being reopened by Inco (TSE) at a cost of $40.1 million. The company hopes that the deposit will be in full pr…
Cusac assumes ownership of Table Mountain project
Just over a year after announcing plans to purchase a 100% interest in the Table Mountain gold property, Cusac Industries (VSE) has finalized an agreement with owner Energold Minerals. The purchase in…
SME speakers preview mineral industry’s future
More than 4,400 delegates attended the 1993 annual meeting and exhibit of the Society for Mining, Metallurgy and Exploration hosted by this self-proclaimed “Biggest little city in the world.” Theme of…
Hemlo Gold options Vega property
Toronto junior Vega Explorations (CDN) has optioned its gold property in Jacobson and Riggs twps., northeast of Wawa, Ont., to Hemlo Gold Mines (TSE). Under the terms of the agreement, Hemlo Gold can …
LATIN AMERICA ROUNDUP — Aurizon exploring La Reyna project
A $200,000 exploration program is under way at La Reyna project near Mazatlan, Mex., Aurizon Mines (TSE) reports. The work involves cutting grid lines, taking soil samples, mapping and re-logging of o…
Sherritt plans acquisition of additional energy assets
Alberta-based nickel refiner Sherritt Gordon (TSE) plans to acquire more natural gas assets this year after a show of strength with its recent acquisition of Canada Northwest Energy (CNW). “Most of ou…
Siam’s Tak mine in operation
The Tak feldspar mine in northeastern Thailand began operations in December, Siam Trading (ASE) reports. Siam, which has a 45% interest in the project, says the deposit contains reserves of about 11 m…