News


Montreal Exchange — More Orient drilling

Daily trading volumes were relatively strong during the week ended March 17, ranging between 5.2 million and 8.3 million shares, but both the market portfolio and mining and minerals index stumbled. T…



Manana’ the rule despite Salinas’ reforms

As President Carlos Salinas de Gortari orchestrates his economic reform program, the image of the lazy Mexican sleeping underneath a cactus plant is rapidly becoming a thing of the past. Inflation is …


Corona’s low costs prompt Homestake bid

The proposed merger between Home stake Mining (NYSE) and International Corona (TSE) is expected to result in Homestake becoming one of the world’s largest gold producers with anticipated 1992 producti…


Founder drilling at Coral Lake

A 5-hole, second-phase drilling program was recently started up on the Coral Lake gold claims of Founder Resources (VSE) near Beardmore, Ont. Encouraged by results from the first two holes, Founder ha…


World’s deep mines have their own special features

It is customarily thought that the gold mines of South Africa’s Rand pioneered deep mining. Not so. That distinction was held for many years by the Kolar gold field in India. While the deepest Rand mi…


Morgain hits base metals

Morgain Minerals (VSE) says it has intersected base metal mineralization throughout holes 3 and 4 on the Higgins property in New Hampshire. Although assay results are pending, the company estimates so…


Save Our North planning rally at PDAC convention

Support for a grassroots government lobbying effort launched by prospectors in the Timmins area has gained widespread support throughout northern Ontario. The group behind the effort is growing increa…


Cream Silver options Doromin property

A recently signed option agreement between Cream Silver Mines (VSE) and Doromin Resources (VSE) gives Cream Silver the right to earn an 80% interest in Doromin’s George property in the northwest Mores…



Alberta Stock Exchange — Two new listings

Even as the gold price dropped to a 6-year low of US$340 per oz. during the week ended March 17, the exchange welcomed two new mine listings. Western Troy Capital Resources, which used to trade on the…


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