Record output for Casa Berardi
The Casa Berardi mine in Quebec was excluded from a list of Canada’s top 12 gold mines in a recent story (T.N.M., July 6/92). Owned by TVX Gold (TSE) and Golden Knight Resources (TSE) through a 60-40 …
News
LATIN AMERICA — Placer Dome drops Andacollo project
After a 1-year drilling and evaluation program at the Andacollo copper-gold property in northern Chile, Placer Dome (TSE) says it is pulling out of the project. Placer paid US$1.2 million for the righ…
Princeton plans copper program
The proceeds of a recent private placement will be used by a wholly owned subsidiary of Princeton Mining (TSE) to explore and drill a newly optioned copper property in Chile. Last May, Minera Princeto…
LATIN AMERICA — Red Rock affiliate acquires Amelia
A final payment of US$790,000 by Minera Roca Roja SA de CV, a 50% owned subsidiary of Red Rock Mining (VSE), has resulted in the former claiming 100% ownership of the Amelia gold property near Magdale…
Roman buying Exall interest
Stephen Roman, president of Exall Resources (TSE), has acquired an option to purchase Denison Mines’ (TSE) interest in Exall. In a separate agreement, Exall has arranged a private placement of shares …
LATIN AMERICA — Jordex negotiates Bolivian joint venture
Vancouver-based Jordex Resources (VSE) says its subsidiary Tiwanacu has been selected by Combiol to enter final negotiations concerning joint venture production from the Bolivar zinc-silver mine in Bo…
Canadian Overseas mining diamonds
Just months after its revival on the Vancouver Stock Exchange, Toronto-based Canadian Overseas Exploration (VSE) has recovered 2,293 diamonds weighing a total of 1,096 carats from its joint venture op…
Court finds juniors guilty in tailings spill incident
Toronto-based Matachewan Consolidated Mines (TSE), its President Richard McCloskey, and Goldteck Mines (TSE) have all been convicted in Ontario Court in connection with a tailings spill from an inacti…
Westmin drilling extends zone
A recent hole drilled by Westmin Resources (TSE) on the Battle zone at its Myra Falls mine property returned 10.6 metres grading 0.5 grams gold and 10.2 grams silver per tonne, plus 1.3% copper, 0.07%…
Freegold seeks lode source of Alaskan placer prospect
Residents familiar with the golden past of this northern city wink knowingly when reciting official reports that eight million oz. of placer gold and 375,000 oz. of lode gold have been produced from t…
Frasergold is focus of review
The consulting firm of L.J. Manning and Associates recently completed a detailed review of drill-hole data relating to all phases of bulk sampling on Eureka Resources’ (VSE) Frasergold deposit in cent…
Insider Trading — Mentor increases Agnico interest
Mentor Exploration (TSE) recently upped its exposure to any developments at Agnico-Eagle Mines’ (TSE) Joutel division in Quebec where a new gold find has helped drive the shares to a 52-week high of $…