U.S. REPORT — Inter-Rock buys gold explorer
Following shareholder approval, Inter-Rock Oil has purchased a numbered Ontario company with a gold prospect in Nevada and has changed its name to Inter-Rock Gold. Management is currently trying to ra…
News
U.S. REPORT — Second phase of exploration set for Silver
A second-phase exploration program will begin this fall on the Silver Butte mine property in Oregon. The program will be carried out by Formosa Resources (VSE), mine operator, with funding provided by…
U.S. REPORT — USMX extends Yankee life
Recent drilling results from the Yankee project have owner USMX (NASDAQ) predicting an extension to the mine’s life. The discovery is within the Yankee project near Ely, Nev., about two miles from the…
Exploration spending slows to trickle in B.C.
British Columbia exploration dollars are flowing into low-risk, conservative plays this year as investors try to shelter funds from frosty winds on the home front. Jack Patterson of the B.C. & Yukon C…
Casino, Williams Creek deposits potential Yukon copper mines
Two extremely different copper deposits in the Yukon stand a good chance of reaching the production stage in the next few years. Proponents of both the Casino copper-gold-molybdenum deposit and the Wi…
U.S. REPORT — Drilling starts at Golden Summit
A 5,000-ft. reverse circulation drill program by Freegold Recovery (VSE) is now under way on the Golden Summit property 20 miles north of Fairbanks, Alaska, and adjacent to the Fort Knox gold project …
Newfoundland Ex. acquires claims
Calgary-based Newfoundland Exploration (TSE) has acquired a 50-sq.-km exploration licence in the North Labrador Trough, 90 km southwest of Fort Chimo, Que. The junior says it is negotiating with a maj…
LATIN AMERICA ROUNDUP — Minera in new Chilean venture
An agreement to acquire a group of claims in the Sierra Valenzuela copper district in northern Chile has been signed by 50-50 joint venture partners Minera Rayrock (TSE) and Compania Hecla Minera Limi…
Tag increases Verneuil interest
Junior Golden Tag Resources (VSE) has increased its interest in the Verneuil Twp. gold property southeast of Matagami, Que., from 50% to 60%. The company has also staked an additional five claims to b…
U.S. REPORT — Glenbrook signs shipping deal
A 6-year, $26-million transportation agreement has been signed with Glenbrook Nickel Co. for the annual movement of about 700,000 tons nickel ore, Trimac Transportation reports. The ore will be shippe…
NEWS ROUNDUP — Strip mine to be subject of hearings
The Nova Scotia government has postponed development of a strip coal mine near the Westray coal mine site that claimed the lives of 26 miners in May. Provincial Environment Minister Terry Donahoe has …
ON THE LEVEL — Warding off `penny dreadfuls’
Seldom do I feel any urge to applaud those ever broadening regulations imposed by burgeoning provincial bureaucracies that frequently seem hell-bent on strangling our mining industry. But surely few t…