Menora boosting stake in ODM
Menora Resources’ (ME) holdings in Cape Town-based Ocean Diamond Mining Holdings will increase by about 20% through a cash transaction. The transaction, at the agreement-in-principle stage, must be ap…
News
Drilling planned for Beatty-Hislop
Noranda Exploration has recommended further drilling at a property near Matheson, Ont., reports Glimmer Resources (VSE). Norex is exploring the property, in Beatty and Hislop Twps., on behalf of Hemlo…
LATIN AMERICA ROUNDUP — Aronos acquires Sonora ground
Having staked 200 hectares near Rayon, Sonora (135 km northeast of Hermosillo, Mexico), Aronos Multinational (CDN) will stake an additional 300 hectares to expand its placer gold area. The property ha…
Correction (April 05, 1993)
A 48% interest in the Petaquilla property in Panama was incorrectly reported (“Panama boasts mining potential,” T.N.M., Mar. 15/93) as belonging to Minnova (TSE). Minnova’s ownership is through a 50/5…
LATIN AMERICA ROUNDUP — Pacific Rim acquires gold property
The Diablillos gold project is the second property recently acquired by Pacific Rim Mining (VSE) in Argentina. The first was La Colorada, a Sedex-type, massive sulphide prospect near the Aquilar distr…
Arizona Star receives funding
A brokered private placement will enable Arizona Star Resource (VSE) to fund additional exploration on the Aldebaran gold property in Chile. The placement totals 1.5 million units at 60 cents per unit…
PDAC convention acquires an international flavor
With so many Canadian companies active in Latin America and other foreign locales, this year’s convention of the Prospectors and Developers Association of Canada (PDAC) had a distinctly international …
Guigues Twp. pipe yields macro diamond for KWG
Montreal-based KWG Resources (ME) has recovered a small macrodiamond from its kimberlite pipe in Guigues Twp., near Notre-Dame-du-Nord, Que. The colorless diamond, measuring 2x1x0.5 mm, was extracted …
Pegasus plans third phase of program at Talapoosa
Gold miner Pegasus Gold (TSE) plans to enter phase three of work at the Talapoosa property in Lyon Cty., Nev. It is earning a 70% interest in Talapoosa from Athena Gold (VSE) by making payments totali…
Commission seeks Westray documents
The commission probing the fatal Westray mine explosion in Nova Scotia wants the federal government to release all documents pertaining to the mine. The commission warns it is prepared to take the mat…
Newfoundland alters mining tax law
Newfoundland and Labrador have changed their mining tax policy to encourage investment. Provincial corporate taxes will now be creditable against mining taxes for a mine’s first 10 operating years. Al…
Tri Origin resumes drilling
A 2,000-metre program is under way at the Lewis Ponds polymetallic prospect in Australia, reports Tri Origin Exploration (TSE). The drilling is intended to expand a known inventory of 1.5 million tonn…