Toronto-based Canhorn Mining (TSE) sold 1.1 million shares of its affiliate, United Reef Petroleums (TSE), for 16-23 cents each at the beginning of September, a few days too early to fully capitalize …
Consolidated Oasis Resources (ME) and Orient Resources (ME) have concluded a financing agreement with Oasis/Orient (1992) Mining Exploration partnership and Soquem. Under the agreement, the partnershi…
Living up to its stated intention to acquire late-stage exploration properties, Placer Dome (TSE) plans to acquire a 50% interest in the huge Zaldivar copper project from owner Outokumpu Copper Resour…
After receiving the results from the second phase of drilling on its Deatys Creek property, 90 miles west of Thunder Bay, Ont., Challenger Minerals (VSE) has decided to drop its option. The best inter…
. . . Sources close to the Lac de Gras diamond play say the kimberlite that yielded 10 microdiamonds and one macrodiamond in a 40-kg sample for the Dia Met-BHP joint venture (T.N.M., Sept. 21/92) outc…
Drilling has resumed on the Hislop Twp. gold property near Matheson, Ont., of Glimmer Resources (VSE) and Hemlo Gold Mines (TSE). The partners plan to drill eight holes, one to test a geophysical anom…
The Mexican Hat gold property in Cochise Cty., Ariz., is owned 100% by Oneida Resources (VSE) now that the junior has bought out an 80% interest held by a former joint venture partner.
The fatal explosion at Royal Oak Mines’ (TSE) Giant mine in Yellowknife, N.W.T., will not close the gold producer, says President Margaret Witte. “We expect to reopen the mine by Sept. 25.” The Sept. …
A $9.5-million loan has been repaid to Prime Resources Group (VSE) by Euro-Nevada Mining (TSE). The loan was exchanged for $9.1 million par value 8% second preferred shares of International Corona, no…
An agreement has been amended between Regal Goldfields (CDN) and two private parties over a 30-claim gold property in Black Twp., Ont. Regal will now acquire 100% interest in the property, subject to …
The 4-month-old strike at Royal Oak Mines’ (TSE) giant gold mine has been violent as it continued operation, using scabs. Prior to the Sept. 18 blast which killed nine miners, other explosions at the …
After completing due diligence studies on the Thierry copper-nickel mine in Northwestern Ontario, KWG Resources (ME) has decided not to option the property from owner Etruscan Enterprises (VSE). The d…
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