KWG, SEG plan more drilling to test Granada
Results from the drilling of the two easternmost sections investigated by a recent program (on the No. 1 zone) at the Granada gold project near Rouyn-Noranda, Que., indicate that the system is open on…
News
Minnova to get $15 million — Metall to buy into Izok Lake
Toronto-based companies Minnova (TSE) and Metall Mining (TSE) have agreed to combine their mining and financial strength in a bid to develop the Izok Lake copper-zinc property in the Northwest Territo…
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…
Melinga plans work program for two northern prospects
A first-phase exploration program scheduled to begin in early April is being planned by Melinga Resources (VSE) for the Griffin Lake property and Kognak River property in the District of Keewatin, N.W…
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…
Toronto Stock Exchange — Merger plan makes Corona volume leader
Gold issues took a beating during the week ended March 17, as concern over the situation in South Africa helped drive the price of the yellow metal down US$9 per oz. to US$340, its lowest level since …