Amax earning Haile interest
A definitive option and earn-in agreement was signed by Amax Gold (NYSE) and Piedmont Mining (NASDAQ) which will allow an Amax subsidiary to earn an interest in Piedmont’s Haile gold property near Ker…
News
Intl. Larder shares
A total of 500,000 shares of International Larder Minerals (TSE) was recently acquired by River Oaks Gold in a private sale transaction. River Oaks, a private company, now owns 2.13 million shares or …
Montreal Exchange NAR is active
The volume leader on the week, North American Rare Metals, got in on the Benoit Twp. excitement in northwestern Quebec by announcing it had purchased a 30% interest in 70 claims about three miles sout…
Exploration firm keeping active in the Yukon
Despite an uncertain outlook for the Yukon exploration industry this season, Archer Cathro and Associates (1981) Ltd. expects to keep busy. The firm, with offices in Vancouver and Whitehorse, accounte…
New debentures for Stratmin
An affiliate of the French company Imetal SA, Mircal Mineral (Canada), will subscribe to $5-million worth of convertible debentures in Stratmin Graphite, the debentures bearing 6.5% interest payable y…
Teck options NEBEX prospect
Vancouver-based Teck (TSE) has signed an option agreement with NEBEX Resources (ASE) to earn a 51% stake in NEBEX’s 7,200-acre Brunswick Extension base metal property near Bathurst, N.B. Situated two …
Offshore plays draw Canadian juniors
As the 1990s unfold, many Canadian mining companies are looking beyond our borders to develop low-cost gold or base metal projects in Central and South America. One obvious benefit of this internation…
U.S. REPORT Cyprus drilling Crypto
Preliminary drilling results have been released by Cyprus Minerals (NYSE) from the Crypto project near Salt Lake City, Utah. Cyprus is earning a 100% interest in the project from Noble Peak Resources …
Prospectors play a big role in young Mining Hall of Fame
While there’s quite a difference in their ages, a strong bond has quickly developed between the veteran Prospectors and Developers Association of Canada and the much younger upstart–the Canadian Mini…
Mexico’s new rules draw flood of activity
Interest in Mexico’s mineral potential is being stimulated by recent changes to the country’s mining and tax regulations which have streamlined the process of granting mining rights and permitted 100%…
LETTERS TO THE EDITOR Anti-engineering comments hurt
It is people like A. Chamot (“Engineers deserve a ‘good swift boot’,” T.N.M., Jan. 28/91) who really make me mad. It seems Chamot has a profound dislike of the engineering profession verging on the bo…
Northgate writes down investment in Colomac
Toronto-based Northgate Exploration (TSE) and affiliate NorthWest Gold (AMEX) have joined the growing list of Canadian gold producers to have included substantial writedowns on resource properties wit…