Correction (July 13, 1992)
A preliminary reserve estimate of 22-40 million tons grading 0.035 oz. per ton was incorrectly accredited to a property adjacent to MinVen Resources’ (TSE) Golden Reward mine in South Dakota in a rece…
News
Trev negotiates options on two Ontario properties
Calgary-based Trev (ASE) has negotiated option agreements to earn a 100% interest in two Ontario properties with the potential to host significant massive sulphide mineralization. Previously held by t…
Windy, Cochise to drill at MacLeod
Exploration will resume on Windy Mountain Explorations’ (ASE) MacLeod Lake polymetallic property in northern Quebec following the closing of a $335,000 private placement at 59 cents per share. Windy s…
Court backs plan by Horsham to take Clark Oil public
A Delaware court has granted Missouri oil refiner Clark Oil & Refining the right to proceed with a US$100-million initial public offering of common shares, despite opposition from minority shareholder…
Louvem to move Louvicourt stake into new company
In a bid to pave the way for financing of the Louvicourt Twp. copper-zinc deposit, Toronto-based Noranda (TSE) is spinning out a new company to shareholders of 52% owned Societe Miniere Louvem (TSE). …
LATIN AMERICA — Joint venture to explore in Uruguay
A joint venture involving Santa Fe Pacific Minerals, Gold Standard (PSE) and Big Pony Gold (NASDAQ) will explore for gold in Uruguay. Gold Standard and its 50% owned subsidiary Big Pony, both based in…
Skyline winding down exploration
Difficulties in raising risk capital have prompted Skyline Gold (TSE) to defer further exploration on its claims in the Iskut River gold camp of northwestern British Columbia. The company also announc…
LETTERS TO THE EDITOR — Mine permits in South Dakota
In the article “Wharf deal frees up Golden Reward reserves” (T.N.M., June 22/92), Martin Quick was reported as saying that securing mine permits for the combined deposit should not pose a problem. Alt…
Elliot Lake liability prompted Rio Algom sale, analysts say
When RTZ sold its 51.4% stake in Rio Algom (TSE), the British resource conglomerate said it was unloading the asset to avoid competition with other North American interests particularly Kennecott. But…
MINER DETAILS — Watching the `new’ Rio unfold
When Rio Algom’s directors meet later this month, the entire spectrum of corporate philosophy will be up for discussion. It will be the first board meeting in 36 years without representation from “Mot…
STOCK MARKETS — Rio Algom receipts popular despite uranium
Active trading in receipts issued by Gordon Capital kept Rio Algom among the volume leaders on The Toronto Stock Exchange during the week ended July 7, despite concern over potential cleanup liabiliti…
Gibraltar’s North zone yields values in wide intersections
An ongoing drilling program on the North zone of the Gibraltar mine near McCleese Lake, B.C., returned a number of wide copper intersections for owner Gibraltar Mines (TSE). The company originally enc…