INSIDER TRADING (June 15, 1992)
Jascan Resources (TSE) director William Felderhof recently sold a large block of company stock as part of an ongoing effort to sever previous connections with the 49% owned Faraday Resources (TSE) aff…
News
Silver demand outstrips supply
Demand for silver in 1991 outstripped supply for the second consecutive year, and forecasts for 1992 indicate further widening of this gap, reports The Silver Institute of Washington, D.C., in its Wor…
San Andreas acquiring Hunt mine
Over a decade ago, silver speculators Nelson and William Hunt of Texas spent over $64 million to build a mine at Prairie Creek, a high-grade zinc-lead-silver-copper deposit about 300 miles west of Yel…
Golden West ground expanded
Additional mining claims adjoining the Golden West property in La Paz Cty. were recently acquired by HRC Development, expanding the private group’s holdings in this region of Arizona. The ground will …
Experts’ evaluation key factor in assessing Lac de Gras play
Investors speculating on the Lac de Gras diamond play have been placed on tenterhooks again while experts assess the value of gems recovered from a kimberlite pipe underneath Point Lake, 200 miles nor…
New base metal mine taking shape at Louvicourt Twp. (June 08, 1992)
Just three years since Aur Resources (TSE) and partner Societe Miniere Louvem (TSE) realized they were on to a major base metal discovery, their Louvicourt Twp. property east of Val d’Or, Que., is sta…
Hemlo, Northfield strike option deal (June 08, 1992)
Toronto-based Hemlo Gold Mines (TSE) has entered into a letter of intent to option the Bear Lake gold project near Kirkland Lake, Ont., from Northfield Minerals (TSE). Under the terms of the letter, H…
NEWS IN BRIEF (June 08, 1992)
International Suneva Resources Ltd. (ISN:VSE) has changed its name to Nevsun Resources Ltd. (NSU:VSE) with a consolidation of 1-new-for-4-old-share basis. The transfer agent is Montreal Trust.
Rio gets Chilean mine financing
Toronto-based resource giant Rio Algom (TSE) has made the necessary arrangements for a US$180-million financing package needed to develop the Cerro Colorado copper mine in northern Chile. After an ini…
Texas Star deals for 25% stake in Arkansas project
Texas Star (VSE) has worked out a deal to increase to 25% its interest in a diamond exploration joint venture in Arkansas’ Crater of Diamonds state park. Arkansas granted approval to conduct an explor…
Greenstone sued over the death of Colombian
A recent statement of claim in the Ontario court, general division, related to the death more than two years ago of a Colombian geologist who worked at the small Oronorte gold mine in Colombia, owned …
Mine closures lower Corona production
A total of 169,359 oz. gold and gold equivalent was produced to the account of International Corona (TSE) during the first three months of this year, about 10,000 oz. lower than in the year-earlier pe…