Hillsborough-Brinco merger on
The proposed merger between Hillsborough Resources (TSE) and Consolidated Brinco (TSE) was recently approved by shareholders and the Alberta courts. Under the merger arrangement, Consolidated Brinco s…
News
Vior drilling hints at third zone on Douay property
A couple of new discoveries have been announced by Societe d’Exploration Miniere Vior (ME) at its Douay gold project northeast of Joutel, Que., in Quebec’s Casa Berardi area. Three drill rigs are at w…
Pelangio options Hurdman property
Pelangio-Larder Mines (CDN) is gearing up for exploration on a 12-claim property, two miles northeast of the Noront Resources (VSE) and Galico Resources (VSE) zinc discovery in Hurdman Twp., northeast…
Low prices, high dollar hurt Cominco
A net loss of $41.3 million was reported by Cominco (TSE) for 1991, compared to a profit of $54.8 million in 1990. The company attributed its drop in earnings primarily to the worldwide decline in met…
Minnova moves three drills on to Benoit property
A third drill rig has been added to the Benoit gold project in the Quevillon area northeast of Rouyn, Que., where Freewest Resources (TSE) made a significant gold discovery last winter. Two of the rig…
NEWS ROUNDUP (February 17, 1992)
P.T. Inco, Inco’s (TSE) Indonesian division, produced a record amount of nickel in matte during 1991 75.9 million lb. compared with 59.6 million lb. in 1990. But despite the production increase, P.T. …
Queenston takes control of Thermal
Queenston Mining (TSE) has signed a letter of intent to purchase 30.5%, or 3.5 million shares, of Thermal Exploration (ASE) at 35 cents per share. Thermal has a 50% interest in the Williams Creek copp…
Newmont, Uzbekistan to join in gold venture
Newmont Mining (NYSE), North America’s biggest gold miner, is planning to team up with the second largest gold producer of the former Soviet republics to extract ore from low-grade deposits. Newmont C…
Unlisted Trading (February 17, 1992)
Continuing to trade actively, Pelangio-Larder Mines gained another 3 cents to close at 60 cents during the week ended Feb. 11. The company has acquired an option on 12 claims in Hurdman Twp., Ont., ab…
NEWS IN BRIEF (February 10, 1992)
Spectrum Gold Corp. (SGI.A:VSE) has changed its name to Scarlett Minerals Inc. (SMI:VSE) with a consolidation of capital on a 1-new-for-2-old-share basis.
The Meikle `miracle mine’ — Barrick’s latest: deep but rich
American Barrick Resources (TSE) pulled another billion-dollar gold mine from its Carlin-area holdings recently, announcing development of its deep but rich Meikle gold deposit in Nevada. Formerly kno…
Rio confirms Kemess reserves (February 10, 1992)
A preliminary reserve calculation by Rio Algom (TSE) for the South Kemess property, 60% owned by El Condor Resources (VSE) and 40% owned by St. Philips Resources (VSE), has confirmed recent reserve es…