Tombstone to acquire Venezuelan option
Although still subject to a final formal agreement and regulatory approval, Tombstone Explorations (VSE) recently signed an agreement allowing it to acquire a 100% interest in 15 properties comprising…
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LATIN AMERICA — Great Basin in deal with Fischer-Watt
Nevada-based Great Basin Exploration & Mining recently signed a letter of intent to joint venture the Santa Lucia property owned by Fischer-Watt Gold (NASDAQ). The property is a 45.5-sq.-km concession…
Woolgar joint venture expands territory
New prospecting permits have expanded the area of interest of the Woolgar joint venture in the Northwest Territories to 300,000 acres, Rhonda Mining (ASE) reports. Rhonda’s partner in the copper ventu…
Slight increase in 1992 value of Canadian mineral output
The total value of Canada’s mineral production in 1992 increased by 0.6%, or about $200 million from the 1991 level, the federal department of Energy, Mines and Resources reports. Preliminary estimate…
Noranda reducing output of its zinc concentrate
Production of zinc concentrate will be reduced in 1993 by 40,000-45,000 tonnes of contained zinc because of the worldwide surplus of zinc concentrate, Noranda Minerals, a unit of Noranda (TSE), report…
Skyline restructures its bank debt
Former gold producer Skyline Gold (TSE) released details of an agreement to settle $2.6 million of debt to the Royal Bank of Canada. The company will make an immediate payment of $739,500 to the bank,…
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 …
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…