Hecla breaks off talks with Alta
Discussions over a possible business combination between Hecla Mining (NYSE) and Alta Gold (NASDAQ) have been discontinued. The companies had signed a letter of intent to consider various transactions…
News
GOLDFUNDS (January 07, 1990)
MVP BGR Central Net value $9.52 $5.40 Price $8.13 $4.900 Discount 14.60% 9.3% Value $56,655,075 $82,439,070…
NEWS IN BRIEF AFOC maps local mining claims
The Bureau of Mines’ Alaska Field Operations Center (AFOC) is making location maps of mining claims in the state. Active and historical mining claims have been plotted on mylar overlays on a U.S. Geol…
FINANCING (January 07, 1990)
Founder Resources Inc — 910,000 units offered at 45 cents per unit. Pricam Explorations Inc — 700,000 shs offered at 35 cents per sh with a minimum subscription of 700,000 shs required.
Essays on mine planning, design
This collection of proceedings, delivered at a conference organized by the University of Calgary in Alberta, covers mine planning, mine design, production technology and geotechnical engineering for s…
Rhyolite sees Texada production in ’91
A plan to bring Rhyolite Resources back to life should result in gold production in the new year. The company plans to bring its gold-copper property on Texada Island in British Columbia back into pro…
Sikaman completes private placement
Sikaman Gold Resources (TSE) of Toronto says it has completed arrangements for a $600,000 private placement for a 12% convertible redeemable debenture But as the company has received additional commit…
Jerome set to amalgamate with International Platinum
To ease its financial difficulties, Toronto-based explorer Jerome Gold Mines (ASE) says it has signed a letter of intent to amalgamate with privately owned International Platinum. Jerome, which held a…
Great Lakes boosts interest in Michigan copper projects
Great Lakes Minerals (TSE) has acquired the right to purchase all the issued and outstanding shares of Keweenaw Copper Company (KCC), a private Michigan-based company, in exchange for 550,000 shares o…
COATS (over-the-counter) Mountain Beaver funds
Planning a $550,000 exploration program on the Figuery property in Quebec, Mountain Beaver Resources has received partial proceeds of $270,000 from a recent share offering. The company must spend $4 m…
Chutine completes Luz copper reserve study
A copper reserve study has been released by Chutine Resources (VSE) for the company’s Luz del Cobre claim situated near San Antonio de la Huerta in northern Mexico. The claim extends over 120 hectres …
Asarco buys out Wiluna partner
The Australian subsidiary of Asarco (NYSE) has acquired full ownership of the Wiluna gold mine in Western Australia. Asarco Australia, 60% owned by its New York-based parent, bought the 50% interest i…