Customer cuts Uranium deliveries
The largest customer of Uranium Resources (TSE) has reduced significantly the amount of 1993 deliveries. The company says the client has cut back its requirements for its nuclear reactors to 72,000 lb…
News
Arbor eyeing major deal
By the end of July, Arbor Resources (VSE) and associated company Wealth Resources (VSE) expect to enter into a joint venture agreement allowing an undisclosed senior mining company to earn a 51% inter…
Cameco drilling Buckskin prospect
A diamond drill program funded by Cameco (TSE) recently started on the Buckskin gold property owned 100% by Queenstake Resources (TSE) in Nevada. The major has the right to earn a 60% interest in the …
LATIN AMERICA — Golden Ring evaluates drilling
Assay results were released by Golden Ring Resources (VSE) from several holes recently drilled on the Bellas Gate copper-gold property in central Jamaica. Hole 92-15 encountered 150 ft. grading 0.33% …
Correction (July 20, 1992)
Shannon Energy (ASE) advises that it is not involved in a joint venture with Orapro Resources involving exploration for diamonds in Manitoba (T.N.M., July 13/92). Orapro, based in Regina, has been exp…
MINER DETAILS — Alleged salting still a mystery
When Dessir Resources reported spectacular results from the Gibbs gold property in California last year, they seemed too good to be true. Skepticism was so great that Dessir, at the request of the Van…
Corona increases Stikine holdings
A recent offer to minority shareholders of Stikine Resources resulted in International Corona (TSE) and its affiliates holding 55% of the issued and outstanding shares of Stikine. Stikine owns 50% of …
Zone intersected at Polaris-Taku
Recent drilling on the Polaris-Taku gold property is reported to have intersected a large altered and mineralized zone at the west end of the C vein. Located in northwestern British Columbia, Polaris-…
No bail-out for Westar
The British Columbia government agreed to defer some taxes and bond payments, but it won’t be bailing out Westar Mining, a cash-strapped coal producer which earlier this year placed itself under court…
Biron Bay stakes north of Summit
Toronto-based Biron Bay Resources (ASE) has staked claims covering 8,000 ft. of strike length immediately north of its Summit project in Grant County, N.M., says President Leonard Taylor. Encouraged b…
KWG enters diamond hunt
Montreal-based KWG Resources (ME) recently acquired a 70% interest in a joint venture to explore for diamonds on several patented and unpatented claims that straddle the Quebec-Ontario border near Kir…
PEOPLE — PRESTON RESOURCES (July 20, 1992)
John Reynolds and Donald Head appointed directors.