Placer verges on 2 million oz.
Low-cost mines in Papua New Guinea and operating improvements at several North American mines enabled Placer Dome (TSE) to more than offset last year’s 7% drop in the average gold price to US$344 per …
News
Metall proposes Minnova takeover
A proposal has been made by Metall Mining (TSE) to acquire all of the shares of Minnova (TSE) that it does not own at a price of one Metall common share and $4 for each Minnova common share. Metall ac…
Possible stratabound gold uncovered in Nova Scotia
A new type of gold occurrence which could have mine-making potential for Nova Scotia has been discovered by a private company Tri-Explorations of Halifax. Mineralization from a strongly carbonitized u…
Lac prospects offer reserve potential
Exploration work in 1992 indicates three projects have the potential for substantial impact upon company gold reserves, Lac Minerals (TSE) reports. At the Red Mountain property in northern British Col…
Geddes releases Windy Craggy overview
A summary report on the Windy Craggy deposit was released by Geddes Resources (TSE) as part of an effort to counter misinformation and the emotionally provocative images used by special interest group…
Cornucopia bids for Minerex
Flush with cash after the sale of a 25% interest in the Ivanhoe property to Newmont last year, Cornucopia Resources (TSE) recently entered an agreement-in-principle with Canada Tungsten Mining (TSE) t…
Galactic files for bankruptcy
Less than a year after completing a restructuring, Galactic Resources (TSE) has filed an assignment in bankruptcy under the laws of Canada. After selling its 50% interest in the Ivanhoe gold property …
LATIN AMERICA — Corner Bay builds Mexican holdings
Through staking and property options, Corner Bay Minerals (TSE) has acquired a 3,474-hectare land position in the Chihuahua state of Mexico, not far from the Texas border. Corner Bay will map and samp…
Thunderwood, Aur in joint venture — New Jones Hill
The Jones Hill volcanogenic massive copper-zinc sulphide deposit north of Albuquerque in north central New Mexico will be explored by Thunderwood Resources (TSE) and Aur Resources (TSE) under a joint …
Ocean drilling withdrawal by Canada sparks furor
Canada’s decision to pull out of a major international ocean drilling effort has put the collaborative program in jeopardy and cut the mining industry off from a valuable source of exploration researc…
Wayside drilling continues
Underground drilling at the Wayside mine near Goldbridge, B.C., is continuing in an effort to test the former producer’s future potential. Joint venture partners Wayside Gold Mines (VSE) and Brigadier…
EDITORIAL PAGE — Capital spending plans
The good news is that governments are paying more attention these days to aging infrastructure, such as roadways and sewage systems. The bad news is that drivers using newly constructed highways may f…