Unlisted Trading (March 09, 1992)
Assay results from the first two of 12 holes planned for the FER base metal property northeast of Flin Flon, Man., look encouraging, Canmine Resources reports. The junior traded in a high-low range of…
News
Abo, Bema find Harrison partner
Partners Abo Resource (VSE) and Bema Gold (TSE) recently found a new joint venture partner to fund ongoing work at their Harrison gold property, 60 miles from Vancouver, B.C. Under the terms of a lett…
Queenston to buy Barrick stake in Pandora property
An agreement to purchase the 75% interest of American Barrick Resources (TSE) in the Pandora gold property near Malartic, Que., has been negotiated by Queenston Resources (TSE). The deal, expected to …
Placer options Dundee gold claims
Under a recent agreement with Dundee-Palliser Resources (TSE), Placer Dome (TSE) has acquired the right to earn a 60% interest in 55 gold claims in Desjardins Twp., northwestern Quebec. The terms of t…
Quintette makes deal with railway
As a result of an 11th-hour agreement with B.C. Rail, Quintette Coal managed to meet its Feb. 29 deadline to file its restructuring agreement with the British Columbia Supreme Court. Quintette has bee…
Lower prices, output hurt Hecla in 1991
A net loss of US$15.4 million was reported by Hecla Mining (NYSE) for 1991, a downturn from 1990 when the company recorded net earnings of US$6.7 million. A loss of US$1.9 million on revenue of $27.3 …
Hemlock further explores Golden Quail property
A second phase of drilling is under way at the Golden Quail property in San Bernardino Cty., Calif. Located about 12 miles west of Viceroy Resources’ Castle Mountain project, the property is under opt…
FMC makes plans for lithium source
Plans to explore and develop a source of lithium in Bolivia were announced recently by FMC (NYSE). Source of the lithium is a brine deposit considered to be among the largest reserves of the mineral i…
Mimiska acquiring Nevada property
An agreement to purchase 100% of the Malachite gold-silver-copper patented mining claim in Lyon Cty., Nev., from Lexus Minerals has been entered into by Societe Miniere Mimiska (ME). Mimiska said a st…
Tri Origin tests potential of its Australian property
With the application of “Canadian-style” exploration techniques, Tri Origin Exploration (TSE) figures it has a good chance of finding a polymetallic massive sulphide deposit on its Lewis Ponds propert…
Morgain drilling in New Hampshire
Drilling is under way at the Higgins property in New Hampshire, says owner Morgain Minerals (VSE). The company will test two geophysical conductors, one on the southern half and the other on the north…
Olympic Dam expands capacity
The expanding Olympic Dam polymetallic mining project in northern Australia should be processing six million tonnes of material per year by the mid-1990s. The annual production by mid-decade is expect…