A 6% net profits interest (NPI) royalty covering the western extension of the Goldstrike mine in Nevada has been purchased by Franco-Nevada Mining (TSE). Franco-Nevada will issue 225,000 common shares…
Two new quartz-bearing gold zones have been discovered by Beauchamps Exploration (VSE) on its 30-claim property in Verneuil Twp. in northwestern Quebec. Grab samples from one zone, 800 ft. long and 20…
James Kermeen appointed president; Pierre Besuchel and Don Barker appointed directors.
A letter of intent has been signed between Gold Fields Canadian Mining, a unit of Hanson Natural Resources, and Queenston Mining (TSE) on Queenston’s 100% owned Pandora gold property near Malartic, Qu…
Two prospects in Indonesia are showing promise for Newmont Mining (NYSE). One is the 80% owned Minahasa prospect on the island of Sulawesi. Preliminary reserves currently stand 13.5 million tons gradi…
Two gold pours totalling 1,547 oz. have recently been completed by Eden Roc Mineral’s (TSE) West African subsidiary Somiaf. This represents an increase of 75% over previous pours. The high-purity bull…
Palin Granite Canada has been granted $600,000 from the Northern Heritage Fund Corp. (NOHFC) to develop and operate a new granite quarry near Kenora, Ont. The quarry project has created five new jobs …
Shareholders of Sunburst Resources (CDN) have approved the acquisition of all outstanding common shares of ALPS Group and the issuance of 540,000 common shares of Sunburst to Adevam Investments. ALPS …
After 29 years of operation, the Camflo gold mine in northwestern Quebec is about to hoist its last load of ore. In October, 1963, the first bench of Camflo’s main shaft was blasted. Toward the end of…
The Giant mine resumed operation Sept. 25 after Royal Oak Mines (TSE) received approval to reopen from the Northwest Territories mine safety inspector. The company expected to achieve full production …
A numbered company has agreed to a private placement of up to one million units of Aronos Multinational (CDN). The numbered company has agreed to purchase a minimum of 500,000 units, each of which con…
Mining can be a high-risk business especially in the former Soviet Union, said Neil MacFarlane who addressed a small group at Queen’s University on Sept. 25, 1992. A study being carried out by him at …
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