NEWS IN BRIEF (October 12, 1992)
Hedley Pacific Mining Corp. Ltd. (HED:VSE) has changed its name to Hedley Pacific Ventures Ltd. (HED:VSE) with no consolidation in capital. The transfer agent is Montreal Trust.
News
Amax, Coral encouraged by Robertson intercepts
Assay results were released by Coral Gold (VSE) from the latest round of drilling on the Robertson joint venture gold property at Crescent Valley, Nev. Three of five holes drilled by partner Amax Gold…
Starmin, Adonos commence drilling
Drilling is under way at the Asia Pacific copper-gold property on the Philippine island of Negros, joint venture partners Starmin Mining (TSE) and Adonos Resources (TSE) report. The program is aimed a…
INSIDER TRADING — Glencairn principal halves holdings
In late September, Glencairn Explorations (ASE) President Kerry Knoll sold off more than half his common share holdings in the company. According to the Ontario Securities Commission’s insider trading…
Trev makes find near Stewart, B.C.
A first-phase exploration program by Trev (ASE) has resulted in the discovery of prospective polymetallic mineralization in at least six areas of the Stewart property in northwestern British Columbia….
Lamefoot deposit will boost output for Kettle River
Partners Echo Bay Mines (TSE) and Crown Resources (TSE) are busy with a US$15-million development program at their Lamefoot deposit in northeastern Washington state. The property is part of the Kettle…
Nevada major U.S. gold producer
Nevada accounts for 60% of gold produced in the U.S. and about 9% of world production, according to the Nevada Bureau of Mines and Geology. In 1991, the state produced 5.8 million oz. gold worth US$2….
Alaskan venture plans exploration
A joint venture formed by several parties will spend US$4 million during the next two years on exploration for gold, silver, lead, and zinc near Fairbanks, Alaska. Involved in the venture are Sumitomo…
Exall acquiring Mexican properties
Options on three Mexican copper properties are being acquired by Exall Resources (TSE) through the takeover of Mexican-based Cerro de Cobre. The properties — Santo Tomas, Verde Grande and San Martin …
Copper smelter won’t be built
A copper smelter planned for Texas City, Tex., will not be constructed by Mitsubishi Materials Corp. of Japan. Estimated cost of the facility, first announced by Mitsubishi’s U.S. subsidiary Texas Cop…
Hemlo Gold drills Lenora’s Omega
Drilling by Hemlo Gold Mines (TSE) is under way on the Omega gold property near Kirkland Lake, Ont., Greater Lenora Resources (TSE) reports. Diamond expert Christopher Jennings has joined Lenora’s boa…
Rules to regulate unpatented claims
The Bureau of Land Management (BLM) of the U.S. is proposing rules to regulate use and occupancy of unpatented mining claims on federal lands under the 1872 Mining Law. The proposed regulations would …