Princeton clears $3.6-m legal tangle
Beleaguered Princeton Mining (TSE) has been released from a potential $6.3-million claim by the trustee for Cassiar Mining. The claim relates to a previous financial transaction between Princeton and …
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Willingdon to drill Sioux Narrows bet
Toronto-based junior Willingdon Resources (CDN) plans more drilling on its gold property near Sioux Narrows, Ont. Last winter’s program extended the mineralized zone out under Lake of the Woods. The c…
Takla Star earns interest
Alberta-listed Takla Star Resources has entered two agreements with Uranerz U.S.A. (a unit of Uranerz Exploration & Mining) to explore the Slaven Canyon gold projects in Lander Cty., Nev. The projects…
`We’ll hit the motherlode,’ says president — Persistence
It has turned into a rough year for Western Quebec Mines (TSE), but the company, with a small producing gold property near here, is not about to throw in the towel. The junior was hoping to increase p…
FirstMiss goes underground at Getchell gold operation
Underground developers are gearing up at the Getchell mine in Humboldt Cty., Nev. FirstMiss Gold (NASDAQ) started open-pit, heap-leach operations in 1985 and constructed a mill to process open-pit, su…
Inco announces production cutbacks
Market conditions have forced Inco (TSE) to reduce nickel production at its Canadian operations by 60 million lb. The cutbacks at the Ontario and Manitoba divisions will occur during the December, 199…
Investors ride the wind as LME speculation grows
The whirlwind of base metals prices is as wild as ever, owing to the sales policies of producers over recent years. Those policies consist of selling all output at the best price the market can provid…
NEWS ROUNDUP — Drilling planned for San Bernardino
An initial 2,800-metre drilling program is planned at the San Bernardino gold prospect in Bolivia for October. Orvana Minerals (TSE), which has a 35% interest in the project, said the drilling will te…
EDITORIAL PAGE — The cost of complacency could be your job
When Prairie farmers suffer a devastating drought, the House of Commons immediately erupts. The federal government cannot say enough nor do enough to calm opposition critics. Usually, the net result i…
LETTERS TO THE EDITOR — Planned DHK bulk sample an
In “Economic pipes indicated at BHP-Dia Met project” (T.N.M., Sept. 27/93), you write of the BHP-Dia Met group’s apparent decision not to proceed with any further testing of the Point Lake discovery a…
NEWS ROUNDUP — Repadre gets proceeds from offering
Toronto-listed Repadre Capital has received net proceeds of $17.1 million from its previously announced issue of six million special warrants at $3 each. The final prospectus was recently approved by …
South Australia site of minerals rush
Potentially huge deposits of diamonds, gold and other minerals found during recent geophysical surveys of South Australia have triggered a rush by domestic and overseas exploration companies, governme…