American Ore
Calgary-based American Ore (ASE) will change its name to American Exploration and consolidate its shares on a 5-for-1 basis after shareholders approved the reorganization. The company says it is desig…
News
Anglo plans new gold mine
A new gold mine will be developed by Anglo American Corp. in South Africa in the Moab area in the Orange Free State. The company said operations are scheduled to be under way in 1997. A 25-year life i…
NO HEADLINE (April 27, 1992)
An exploration agreement on the LeMare property owned by Stow Resources (VSE) was recently signed by Minnova (TSE). Minnova can earn a 60% interest in the property by spending a total of $1.5 million …
Taywin plans Merry Widow drilling
A recent private placement has Taywin Resources (VSE) planning the first phase of a 3-part program aimed at proving up direct-shipping tonnage at its 100% owned Merry Widow copper-gold property near P…
Canyon improves its bottom line
A total of 57,070 oz. gold was produced last year by Canyon Resources (NASDAQ) from the Kendall mine in Montana, an increase of 104% from the company’s gold output in 1990. This improved operating per…
NEWS IN BRIEF (April 27, 1992)
Tournigan Mining Exploration Ltd. (TGN:VSE) has changed its name to International Tournigan Corp. (ITG:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Mont…
Western Copper, Thermal stake additional claims
The staking of an additional 89 claims on and around the Williams Creek property by partners Western Copper Holdings (VSE) and Thermal Exploration (ASE) brings the companies’ holdings in the area up t…
Hemlo boosts stake in Freewest
Toronto-based Hemlo Gold Mines (TSE) recently increased its stake in Freewest Resources (TSE) to 13.4% by purchasing 268,516 common shares under financing agreements signed during the past two years. …
Amax wins award for reclamation plan
Amax Gold (TSE) has won an award from the California Mining Association for a comprehensive plan to reclaim the Hayden Hill gold mine in Susanville, Calif. A combined effort involving environmental an…
LETTERS TO THE EDITOR (April 27, 1992)
I commend your stimulating editorial “Capital for Latin America” (T.N.M., Mar. 23/92). You do well to encourage the Canadian resource industry to participate in Latin America’s growing opportunities f…
CIM Meeting
Chilean mining joint venture law and privatization will be the subject of the next CIM Mineral Economics Society discussion group meeting at the Toronto Board of Trade, May 5. Jorge Bande, vice-presid…
FINANCING (April 27, 1992)
Keywest Resources Ltd – 500,000 shs offered @ $1.10 per sh.