U.S. ROUNDUP — Silver Butte updates reserves
The Silver Butte mine property in eastern Oregon is now estimated to contain total reserves of 601,758 tons grading 3.06% copper, 2.06% zinc, with 0.037 oz. gold per ton and 1.08 oz. silver. The updat…
News
Royalty in works for Nufort project
Similco Mines, a subsidiary of Princeton Mining (TSE), has informed Nufort Resources (TSE) that it intends to begin mining operations on a small portion of Nufort’s Copper Mountain property in souther…
Teck options Montgay prospect
A formal agreement to earn a 51% interest in the 38-claim Montgay property about 55 km northeast of Val d’Or, Que., has been signed by Teck (TSE) with Ressources William (ME). Teck may earn its intere…
NEWS ROUNDUP — Hemlo forgives Windarra loan
Toronto-based Hemlo Gold Mines (TSE) has agreed to forgive most of a $8.9-million loan made to Windarra Minerals (TSE) in 1988. The junior will repay Hemlo $1 million. Windarra used the loan to financ…
Ontario discusses new industrial policy
The framework for Ontario’s new industrial policy was the topic of discussion at a recent lunchtime gathering of the Toronto Society of Financial Analysts. Ed Philip, minister of Industry, Trade and T…
LATIN AMERICAN ROUNDUP — Teck a partner in Boron venture
A private placement and joint venture agreement with Teck (TSE) could lead to a significant expansion of boron production at existing operations in Chile and Bolivia, Boron Chemicals International (VS…
Tan Range active in Tanzania
Calgary-based Tan Range Exploration (ASE) is acquiring several exploration concessions in Tanzania through its subsidiary, Tan Can Mining. To date, the company has received approval for diamond conces…
Drilling tests discovery at western Fors prospect
The share prices of Consolidated Ramrod Gold (TSE), Chapleau Resources (VSE) and Barkhor Resources (VSE) held firm even though assay results were not as good as expected from the first hole drilled on…
LATIN AMERICAN ROUNDUP — Aurizon alters La Reyna deal
Ownership of La Reyna copper-gold project in the Mexican state of Sinaloa is being restructured (subject to regulatory approval) to give Aurizon Mines (TSE) a 95% working interest, the company says. T…
LATIN AMERICAN ROUNDUP — COMBIOL to undergo restructuring
A contract to design a restructuring program for the Bolivian state-owned mining company COMBIOL was awarded recently to consulting firm Pinock, Allen & Holt of Colorado. The project, funded by the Wo…
LETTERS TO THE EDITOR — `Sensationalizing’ diamond finds
I would hope that the timing of your lead story “Colored microdiamonds spur investor interest” (T.N.M., Nov. 23/92) will teach you a lesson or two about sensationalizing certain aspects of the recent …
NEWS ROUNDUP — Bruneau reactivation proposed
Shareholders of Bruneau Mining (ME) will be asked to approve a new reactivation plan for the company at a joint annual and special meeting on Dec. 30. Under the plan, Canamax Resources (TSE) and its s…