OSC disclosure rules come under scrutiny
The Ontario Securities Commission (OSC) is reviewing its disclosure policy after a professional organization concluded that valuation reports and fairness opinions relied on by shareholders are “inade…
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Financing (October 25, 1993)
Curlew Lake Res. — 1,200,000 shs @ 42 cents. Adobe Res. — 1,500,000 shs @ 10 cents. Callisto Res. — 1,600,000 shs @ 10 cents. Detector Res. — 1,700,000 shs @ 10 cents. Grantham Res. — 1,700,000 s…
Venezuelan delegation reviews Novagold’s mining technology
A delegation of Venezuelan mining personnel are in Halifax to review indoor vat leaching technology developed by Novagold Resources (TSE) for the recovery of gold. The 6-person delegation includes env…
MINING IN MEXICO — U.S. Congress debates NAFTA
The North American Free Trade Agreement (NAFTA) faces a rocky ride from the U.S. Congress as decision time nears. The tri-lateral trade pact among Canada, the U.S. and Mexico, scheduled to come into f…
MINING IN MEXICO — SX-EW copper production grows in
The fall in the copper price in recent months has refocused investors attention on the copper market. In discussions on the subject, a number of people have raised questions about solvent extraction-e…
MINING IN MEXICO — Manhattan adds to property portfolio
A feasibility study for the Moris gold deposit in Chihuahua state is expected by the end of this month. The open-pit, heap-leach project of Manhattan Minerals (VSE) is the most advanced in the company…
MINING IN MEXICO — PROJECT ROUNDUP — Silver usage at 14.7
The official market for silver use in Mexico in 1992 for industrial purposes and jewelry was about 14.7 million oz. The Silver Institute of Washington, D.C., reports that slightly more than half of th…
MINING IN MEXICO — PROJECT ROUNDUP — Campbell, Eldorado
Preparing for production by year-end at La Colorada, 50 km southeast of Hermosillo, Mexico, are Campbell Resources (TSE) and Eldorado (VSE). Eldorado is earning a 70% interest in the gold project from…
MINING IN MEXICO — Corner Bay completes field work program
With a field work program completed at its large copper property in the state of Chihuahua, near the Texas border, Corner Bay Minerals (TSE) is seeking ways to continue its exploration plans, either b…
MINING IN MEXICO — Challenging times ahead for Mexico
Since the mid-1980s, Mexico has undergone an economic transformation in record time, a feat that few other developing countries can claim. The change in Mexico’s economy from state control to an open …
MINING IN MEXICO — Leach tests at Cieneguita
Leach tests are proceeding at the Cieneguita project in northern Mexico. Glamis Gold (TSE) is earning a 60% interest in the project from Aquiline Resources (VSE) by advancing it through feasibility to…
MINING IN MEXICO — Northern Crown schedules drilling
Drilling is planned in October for the Guadalupe gold prospect owned by Northern Crown Mines (VSE) in the Sonora gold district of Mexico. Surface exploration identified gold mineralization in several …