Goldstake buys Arizona project
The Little Giant gold-copper property in Arizona has been purchased by Goldstake Explorations (TSE). The purchase price was US$200,000 in cash, and a 2% gross production royalty with a minimum royalty…
News
New contract at Geco mine
Employees at Noranda’s (TSE) Geco mine at Manitouwadge, Ont., have voted 78% in favor of a new collective agreement. Under the terms of the new 2-year contract, effective Aug. 31, wages will increase …
Joint venture explores Utah’s Dugway district
The mineral potential of Utah is being given serious attention by Centurion Mines (NASDAQ), now the state’s largest holder of precious metals properties. The most recent acquisition was a 25% undivide…
Bulgaria seeks venture partners
Following the example of its neighbors in eastern Europe, Bulgaria is moving to a market economy. Its state-owned mining research and technology company, Niproruda, is in the process of being privatiz…
Breakwater improves financial position (September 07, 1992)
The recent restructuring of Breakwater Resources (TSE) has contributed to an improved bottom line, as have cost control measures and improved metal prices. The company owns 49% of a gold mine in Washi…
Princeton studies purchase of Mexican firm’s assets
A due diligence study will be carried out by Princeton Mining (TSE) as the first step of an agreement-in-principle to acquire up to 100% of a private company holding copper, gold and silver properties…
STOCK MARKETS — Barrick soars to new high on anticipated
Despite a sluggish gold price, the TSE’s gold and silver index edged up by almost 300 points during the week ended Sept. 1 as the market took heed of optimistic forecasts for the yellow metal. Investo…
Arimetco plans Zonia production
Heap leaching and solvent extraction-electrowinning (SX-EW) is under consideration by Arimetco International (TSE) for a recently acquired copper property in Arizona. The company has leased the 1,200-…
NEWS ROUNDUP — Shebandowan mine to be reopened
The Shebandowan nickel-copper mine of Inco (TSE) in northwestern Ontario, shut down May 15 as part of Inco’s cash conservation measures, will be reopened Oct. 12. The reopening will provide jobs for 3…
NEWS ROUNDUP — Cominco sells Aberfoyle interest
Proceeds of about $135 million will be realized by Cominco (TSE) from the recent sale of its 46.3% interest in Aberfoyle to Australian and international institutions. Aberfoyle owns the Hellyer zinc-l…
Tiomin proposes amalgamation with affiliate of Falconbridge
In a bid to raise financing for its heavy mineral sand deposit in Quebec, Tiomin Resources has proposed an amalgamation with publicly traded New Pascalis Mines (ME). New Pascalis, 43% owned by Falconb…
Additional Kookaburra funds for Longshot Ridge project
Additional funding was recently secured by Kookaburra Gold (VSE) for feasibility work on the Longshot Ridge copper-oxide project in Nevada. Kookaburra’s principal shareholder, Australia-based Xenolith…