U.S. REPORT — Inter-Rock buys gold explorer
Following shareholder approval, Inter-Rock Oil has purchased a numbered Ontario company with a gold prospect in Nevada and has changed its name to Inter-Rock Gold. Management is currently trying to ra…
Articles by Northern Miner Staff
Exploration spending slows to trickle in B.C.
British Columbia exploration dollars are flowing into low-risk, conservative plays this year as investors try to shelter funds from frosty winds on the home front. Jack Patterson of the B.C. & Yukon C…
U.S. REPORT — Second phase of exploration set for Silver
A second-phase exploration program will begin this fall on the Silver Butte mine property in Oregon. The program will be carried out by Formosa Resources (VSE), mine operator, with funding provided by…
NEWS IN BRIEF (September 14, 1992)
TSA Explorations Ltd. (VSE) has changed its name to Boron Chemicals International Ltd. with no consolidation of capital. The transfer agent is Montreal Trust.
U.S. REPORT — USMX extends Yankee life
Recent drilling results from the Yankee project have owner USMX (NASDAQ) predicting an extension to the mine’s life. The discovery is within the Yankee project near Ely, Nev., about two miles from the…
Casino, Williams Creek deposits potential Yukon copper mines
Two extremely different copper deposits in the Yukon stand a good chance of reaching the production stage in the next few years. Proponents of both the Casino copper-gold-molybdenum deposit and the Wi…
U.S. REPORT — Drilling starts at Golden Summit
A 5,000-ft. reverse circulation drill program by Freegold Recovery (VSE) is now under way on the Golden Summit property 20 miles north of Fairbanks, Alaska, and adjacent to the Fort Knox gold project …
Newfoundland Ex. acquires claims
Calgary-based Newfoundland Exploration (TSE) has acquired a 50-sq.-km exploration licence in the North Labrador Trough, 90 km southwest of Fort Chimo, Que. The junior says it is negotiating with a maj…
LATIN AMERICA ROUNDUP — Minera in new Chilean venture
An agreement to acquire a group of claims in the Sierra Valenzuela copper district in northern Chile has been signed by 50-50 joint venture partners Minera Rayrock (TSE) and Compania Hecla Minera Limi…
Tag increases Verneuil interest
Junior Golden Tag Resources (VSE) has increased its interest in the Verneuil Twp. gold property southeast of Matagami, Que., from 50% to 60%. The company has also staked an additional five claims to b…
Higher costs at Sterling mine contribute to Cathedral loss
A net loss of $28,000 was reported by Cathedral Gold (TSE) for the 1992 second quarter, which the company attributed to weak gold prices and higher cash production costs at its 52% owned Sterling gold…
Noranda ups stake in Brenda to 79.1%
Noranda Minerals, a division of Noranda (TSE), has purchased 346,714 common shares of Brenda Mines (TSE) from Nippon Mining of Japan, increasing its interest in the junior to 79.1% or 3.7 million shar…