Mineta, Auden amend deal
Under an amended agreement between Glen Auden Resources (TSE) and Mineta Resources (VSE), Mineta can purchase, at any time, a 2% net smelter royalty on the partners’ 25-claim property in Casa Berardi …
News
Sindor shelves Lisbon Valley
Denver-based Sindor Resources (TSE) has suspended development of the Lisbon Valley copper project in Utah after receiving the results of recent technical and financing studies. The company will also c…
PEOPLE (August 19, 1991)
Richard Brissenden appointed chief executive officer and director.
PROFILE (August 19, 1991)
The crew at Crown Butte Resources’ New World project in Montana is not taking a break this summer. Five diamond drills and two reverse circulation drills are working on two of the property’s deposits:…
Loan extension for Galactic, Cornucopia
The lender to the Ivanhoe joint venture has agreed to extend a term loan to joint venture partners Galactic Resources (TSE) and Cornucopia Resources (TSE). The companies owed US$6.86 million at the en…
Hillsborough, Brinco discuss merger
Lead-zinc producer Hillsborough Resources (TSE) and coal producer Consolidated Brinco (TSE) are negotiating a corporate merger. The two companies reported signing a letter of intent for the merger. Th…
Timmins Nickel completes issue
Timmins Nickel (TSE) has raised gross proceeds of $5 million after completing and closing an issue of five million special warrants. Each special warrant, priced at $1 each, entitles the holder to one…
Drilling at Sutton property returns wide intersections
A drilling program on the Marudi Mountain gold property owned by Sutton Resources (VSE) has returned a number of good intersections. The property, in southern Guyana, was acquired last year subject to…
LETTERS TO THE EDITOR (August 19, 1991)
The Odds `n’ Sods column “Revisiting Quebec’s north in the 1950s” (T.N.M., July 29/91) is an offensive and provocative article which The Northern Miner, with its long experience of the North country, …
Seven rigs on site Active drill program at New World project
With five core and two reverse circulation drill rigs at work, the New World gold-silver-copper project in Park Cty., Mont., ranks among the most active mineral projects currently being explored and d…
NEWS IN BRIEF (August 19, 1991)
Vanex Resources Ltd. (VX:VSE) has changed its name to Poplar Resources Ltd. (PPX:VSE) with a consoli-dation of capital on a 1-new-for-4-old share basis.
U.S. REPORT (August 19, 1991)
North America’s largest gold producer, Newmont Gold (NYSE), reported pouring its 10 millionth oz. Aug. 1 from its mines on the Carlin Trend in northeastern Nevada. Newmont brought its first Carlin Tre…