Gays River changing hands one more time
Officials at Dundee-Palliser Resources (TSE) are attempting to put together a $5 million financing package after signing a letter of intent to buy the Gays River lead-zinc mine in Nova Scotia from Wes…
News
Others’ words (April 27, 1992)
A country that decides it wants mining to happen will do something about it. It will establish regulations and taxes that favor mining and loosen restrictions on foreign ownership. Canada used to be t…
Azco secures financing for Sanchez feasibility
Billing itself as a “new breed of copper producer,” Azco Mining (VSE) recently completed a $6.5-million financing in order to secure funds for a bankable feasibility study of its Sanchez copper projec…
PROFILE (April 27, 1992)
Captains of industry are often portrayed as nose-to-the-grindstone types with little interest in anything but business at hand. But this dated stereotype clearly doesn’t apply to Poul Hansen, presiden…
Namibia pins hopes on mining
Namibia is confident that its investor-friendly policies, coupled with favorable mineral prices, will result in an upturn in its economy by the mid-1990s. “Potential investors have been waiting to loo…
Yellowjack drills Katie claims
An exploration program by Yellowjack Resources (VSE) is under way to test several previously outlined copper-gold zones on the Katie claims near Salmo, in southern British Columbia. The first hole of …
GOLD FUNDS (April 27, 1992)
BGR Central Net Value $7.54 $5.00 Price $6.00 $4.400 Discount 20.39% 12.0% Value $44,878,000 $74,026,920…
Gold price slump continues as gold fails to consolidate
Hopes that gold would be able to sustain a rally after it surged to US$341.10 on the futures market were quickly dashed today, April 22, as the spot price in London closed down 20 cents to US$338.10. …
Kitimat smelter’s fate rests on global decisions
The decision to construct a copper smelter at Kitimat on the British Columbia coast is now delicately balanced — the result of several key decisions made recently by the copper industry around the wo…
Mallon’s Costa Rica project optioned by Newmont
North America’s biggest gold producer, Newmont Mining (NYSE), has signed an agreement to explore Mallon Resources’ (NASDAQ) Rio Chiquito gold-silver concession in Costa Rica. The 28,000-acre property …
Predicting the path of drill holes can be a real challenge
As many geologists can attest, drilling is not a predictable task. And millions of dollars are spent annually on drilling programs to test exploration targets and to extract rock samples for assaying….
Soquem options Gold Hawk claims
An option deal to earn a 50% interest in the property of Consolidated Gold Hawk Resources (ASE) in Duplessis Twp. southeast of Matagami, Que., has been acquired by Quebec Crown mining exploration comp…