Asia Pacific funds Thai potash study
Financing is in place for completion of a 2-year program aimed at delineating a potash resource at the Udon Thani concession in northeast Thailand. Asia Pacific Resources (VSE) holds a 75% interest wh…
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Uranium Resources to gain from pact
Dallas,Tex.-based Uranium Resources (TSE) is in a strong position to benefit from the recently signed uranium trade agreement between the U.S Department of Commerce and the Russian government. “We bel…
Goldcorp Inc. amalgamation
Shareholders of CSA Management (TSE), Goldcorp (TSE) and Dickenson Mines (TSE) have formally agreed to form a new company, to be known as Goldcorp (see T.N.M., Feb. 14/94). The plan was approved by 99…
LAST BUT NOT LEAST — Globex finds more gold at Tarmac
Three holes have intersected additional gold mineralization at Globex Mining’s (ME) Tarmac property in Dubuisson Twp., Que. Hole G-94-13 intersected 0.5 ft. averaging 1.52 oz. gold per ton at a depth …
LAST BUT NOT LEAST — Arequipa plans funding
With fundraising plans in place, Arequipa Resources (VSE) expects to boost its interest in Peruvian-based Acuarios Minera y Exploradora to 50% from 20%. Arequipa acquired the initial 20% interest last…
U.S. Antimony producing again
Having avoided bankruptcy, United States Antimony is again producing gold on a small scale. More than 250 oz. per month is being produced from its Yellowjacket property in central Idaho. (The mill is …
Adex options Guyanese project
Under an option agreement, Adex Mining (TSE) can acquire up to a 60% interest in the Potts Falls gold concession in Guyana. Adex can earn the interest from Giddings Industrial Development Co., a priva…
Battle Mountain gets leeway in Crown Jewel ruling
An arbitrator has ruled that Battle Mountain Gold (NYSE) is not required to make the first two US$1-million penalty payments to Crown Resources (TSE) under the companies’ Crown Jewel joint-venture agr…
LETTERS TO THE EDITOR — Information sought about claims
I am one of a group of three independent prospectors who hold potential base metal claims in northwestern Grenfell Twp., near Kirkland Lake, Ont. These claims were the subject of considerable explorat…
OBITUARIES — Sherman Tough
The son of a prospector and a native of Cobalt, Ont., Sherman Tough has died. He was 82. His entry into the world of mining came at a young age when he accompanied his father, George, and his uncles i…
STOCK MARKETS — Bank rate jump causes 300 index to plummet
The Toronto Stock Exchange 300 composite index dropped 94.36 points March 29 to 4,393.61, its largest single-day loss since Feb. 4. The selloff was triggered by a two-thirds-of-a-percentage-point jump…
Loki ups tonnage at Brewery Creek
As part of an ongoing feasibility study of its Brewery Creek property, Loki Gold (VSE) has released a new estimate of the Yukon project’s geological resource. Based on a cutoff grade of 0.3 grams gold…