Dankoe abandons silver mine in B.C.
Low silver prices and the poor outlook for the metal have prompted Dankoe Mines (VSE) to abandon its mining and milling complex near Keremeos, B.C. The mine’s underground workings have been shut down …
News
INSIDER TRADING — Hillsborough insiders on buy side
Director John Lecky and major shareholder John Pope loaded up on shares of Hillsborough Resources (TSE) in September. Lecky bought 356,361 shares of the mining contractor for $2.28 to hold 1.32 millio…
MINING IN MEXICO — PROJECT ROUNDUP — War Eagle drilling at
Vancouver-based War Eagle Mining (VSE) has the right to acquire a 99% interest in the La Blanca property in Chihuahua, Mexico, by making staged payments totalling US$770,000. The property is subject t…
MINING IN MEXICO — PROJECT ROUNDUP — Azco exploring pair of
Two large porphyry copper-oxide projects belonging to Azco Mining (VSE), Piedras Verdes and Suaqui Verde, both in the Mexican state of Sonora, are candidates for development using solvent extraction, …
MINING IN MEXICO — FMC establishes Mexican subsidiary
Chicago-based FMC Gold (NYSE) recently incorporated Minera FMC as a Mexican subsidiary to facilitate exploration efforts in Mexico. The company reports that it is encouraged by initial exploration eff…
MINING IN MEXICO — Granduc to acquire La Choya interest
Although best known for mineral projects in northern British Columbia, Granduc Mines (TSE) plans to buy a 25% interest in the advanced La Choya gold project in northwestern Sonora, Mexico. At last rep…
MINING IN MEXICO — Cominco Res. no stranger to Mexico
As an exploration and mining company that operates entirely outside Canada, Cominco Resources International (TSE) was ahead of the pack when Mexico recently opened its doors and made investment in the…
Canmine drills Fer property
A 1,000-ft. diamond drill program has commenced on Canmine Resources’ (CDN) 100% owned Fer polymetallic property north of Flin Flon, Man. Drilling will focus on the Yak zone where previous drilling ha…
Waddy completes 15 holes infill drilling at Komis project
Fifteen drill holes have now been completed by Waddy Lake Resources (TSE) on their 100% owned Komis gold deposit near La Ronge, Sask. All 15 were infill holes drilled to increase reserves on the “C” z…
NEWS IN BRIEF (October 19, 1992)
Tulloch Resources Inc. (TLH:VSE) has changed its name to Eyetel Technologies Inc. (ETL:VSE) with no consolidation of capital.
Spot prices at a glance (October 19, 1992)
Week’s Price (US) Change Gold* $343.30 – $6.20 Silver* $ 3.71 – $0.04 Platinum*$355.00 – $4.00 Nickel** $ 2.84 – $0.17 Lead** $ 0.25 $0.00 Copper $ 1.02 – $0.01 Zinc $ 0.54 $0.00 Courtesy of Scotiaban…
U.S. REPORT — Pegasus’ Talapoosa drilling confirms deposit’s
A recently completed first-phase drilling program on the Talapoosa project in Nevada confirms the widespread gold mineralization intersected in previous drilling on the property. Pegasus Gold (TSE) co…