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Starmin, Adex sample anomaly

Encouraging preliminary results were received from rock-chip sampling one kilometre west of the Asia Pacific copper porphyry deposit in the Philippines, partners Starmin Mining (TSE) and Adex Mining (…


Home Ventures cuts mineralization

Home Ventures (VSE) has intersected a strong zone of pyrite and blue quartz mineralization in a second drill hole at the McGarry Twp. gold property near Larder Lake, Ont. The property, two miles east …


NEWS ROUNDUP — Marmora plans amalgamation

Two unlisted companies, Marmora Mineral Products and Gitennes Exploration, plan to amalgamate, and the new company, to be known as Gitennes Exploration, is expected to trade on the Canadian Dealing Ne…


Freegold vends Alaska ground

Amax Gold (NYSE) and Freegold Recovery (VSE) have agreed in principle to explore and develop the Golden Summit property in Alaska. Amax can earn a 51% interest by spending US$5 million over six years….


Monthly record for Castle Mountain

The Castle Mountain mine, in eastern California, produced 104,105 oz. gold in its first year of operation. Viceroy Resource (TSE), operator and 75% owner, said a monthly record of 10,297 oz. gold was …



Boart wins safety award

The Mines Accident Prevention Association of Ontario (MAPAO) has given Boart Canada its 1992 Award of Excellence in safety and loss control. The annual award recognizes the company that reduces medica…


ODDS’N’SODS — One heck of an engineer

In 1956, while working in Elliot Lake, Ont., I met Jack Mitchell, an engineer from the Algom Nordic operations. Little did I realize how our paths would cross and how close our friendship and associat…


Mining an issue in Bolivian election

Foreign businesses are looking forward to June’s Bolivian presidential elections and the victory of candidate Gonzalo Sanchez de Lozada, now chief executive of Comsur, the largest private sector minin…


Pure Gold to raise $3.3 million

Credit Lyonnais Laing, the London-based bank that has financed Lytton Minerals (TSE), Mill City Gold Mining (ASE) and Texas Star Resources (VSE) in their quest for diamonds, has agreed to provide Pure…


Minnova options northern properties

Minnova (TSE) can earn a 60% interest in two base metal properties of Continental Pacific Resources (VSE), near Coronation Gulf, N.W.T. The properties, in the Anialik-High Lake greenstone belts, surro…


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