NEWS IN BRIEF (October 19, 1992)
Tulloch Resources Inc. (TLH:VSE) has changed its name to Eyetel Technologies Inc. (ETL:VSE) with no consolidation of capital.
News
Cominco drops Kutcho Creek
Junior company American Reserve Mining (VSE) was recently informed that Cominco (TSE) had elected not to proceed with an option to acquire a 66.6% interest in the Kutcho Creek project in northwestern …
MINING IN MEXICO — PROJECT ROUNDUP — War Eagle drilling at
Vancouver-based War Eagle Mining (VSE) has the right to acquire a 99% interest in the La Blanca property in Chihuahua, Mexico, by making staged payments totalling US$770,000. The property is subject t…
MINING IN MEXICO — PROJECT ROUNDUP — Azco exploring pair of
Two large porphyry copper-oxide projects belonging to Azco Mining (VSE), Piedras Verdes and Suaqui Verde, both in the Mexican state of Sonora, are candidates for development using solvent extraction, …
MINING IN MEXICO — Granduc to acquire La Choya interest
Although best known for mineral projects in northern British Columbia, Granduc Mines (TSE) plans to buy a 25% interest in the advanced La Choya gold project in northwestern Sonora, Mexico. At last rep…
MINING IN MEXICO — Kalahari, Kennecott partners in Mexico
An active player in the diamond rush in Canada’s Northwest Territories, Kalahari Resources (VSE), has also taken on several exploration projects in Mexico. Earlier this year, the company announced det…
Ontario report lists incentives, seeks advice
Ontario is calling for a strategic partnership between the province’s mining industry and the provincial government to address issues facing the industry. In a recent discussion paper, the Ontario Min…
NEWS ROUNDUP — NovaGold starts copper production
Open pit mining is now under way on the copper zone at the Murray Brook mine in New Brunswick, reports owner NovaGold Resources (TSE). The company will ship its first load of copper concentrate to Fal…
NEWS ROUNDUP — Wharf purchases Golden Reward mine
A purchase agreement that gives Wharf Resources (TSE) a 60% interest in the Golden Reward gold mine near Lead, S.D., for US$21.3 million is complete. Under a new partnership with MinVen Gold (TSE), Wh…
NEWS ROUNDUP — Deak exercises Yorbeau option
Having completed mill tests on 6,000 tons of ore to confirm grade and recovery, Deak Resources (TSE) says it will exercise its option to acquire the Astoria deposit in northwestern Quebec from Yorbeau…
NEWS ROUNDUP — Westray coal unavailable, Devco fills gap
Unable to buy coal from the closed Westray mine at Plymouth, N.S., provincial utility Nova Scotia Power Corp. will purchase an additional 300,000 tonnes coal from Cape Breton Development Corp. (Devco)…
NEWS ROUNDUP — Northgate buys back debentures
Under an offer to repurchase its debentures, Northgate Exploration (TSE) announced that $11,553,000 (84%) of its 7% convertible subordinated debentures have been tendered. Under the offer, Northgate p…