NEVADA — Bullion Monarch controls Knomex
Bullion Monarch (BMRK-O) has acquired an 80% controlling interst in Toronto-based Knomex Resources (KNO-A) by purchasing 20 million units at 20 cents per unit.A unit consists of one share and one warr…
News
NEVADA — X-Cal attempts to rouse Sleeper gold mine — Junior signs option agreement with Amax Gold
Vancouver-based junior X-Cal Resources (XCL-T) plans to restart mining operations at the Sleeper gold project, a past producer situated in the Slumbering Hills, some 30 miles north of Winnemucca.In Ap…
NEVADA — U.S. to revise mining regulations
The U.S. Bureau of Land Management (BLM) has formed a task force to evaluate possible revisions to the “3,809 regulations” governing hard-rock mining on BLM lands.In 1991, a similar task force conclud…
NEVADA — Eastfield Resources plans exploration program in Nevada
Gold projects in Nevada will provide an exploration focus for Eastfield Resources (ETF-V), a Vancouver-based junior which earlier this year announced plans to spin off its Canadian assets.Eastfield ex…
NEVADA — Romarco encouraged by Converse drillholes
Drilling by Romarco Minerals (R-T) at the Converse gold project in Humboldt Cty. has returned several promising intersections.The project is a joint venture involving Toronto-based Romarco and German-…
NEVADA — Production milestone of 1 million oz. forecast for Bald Mountain gold mine
Open-pit operation looks forward to eight more productive yearsThe Bald Mountain heap-leach gold mine of Placer Dome (PDG-T) has turned out 850,000 oz. since it entered production in 1983 and, with ei…
NEVADA — Dee mine mothballed due to weak gold price
Rayrock Yellowknife Resources (RAY-T) will mothball its Dee gold mine in northern Nevada as a result of weak gold prices.Situated in the Carlin trend, the operation is expected to close sometime in th…
NEAVADA — Ken Snyder deposit expected to boost revenue for royalty sisters — Franco-Nevada, Euro-Nevada to spend US$28.5m on development
In an effort to sustain record profits, royalty sisters Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) have departed from their traditional “silent partner” role of acquiring and benefiting…
Toronto Stock Exchange Indices (June 02, 1997)
1997May 27May 26May 23May 22May 21HighLowComposit…
NEVADA — Cons. Nevada picks up another Aurora
Electra Gold (ELT-V) will sell its 10-year-old Aurora gold mine in southwestern Nevada to Consolidated Nevada Goldfields (KNV-T) in a deal worth US$2 million.The latter will pay US$1 million in cash a…
NEVADA — Mt. Hamilton adds to Rea’s output
The Mt. Hamilton heap-leach mine, near Ely, turned out 8,550 oz. gold and 18,850 oz. silver during the first three months of this year, compared with 7,930 oz. gold and 23,700 oz. silver for the compa…
ASIAN EXPLORATION — KWG develops gold mine in Russia’s far east — Production at Ametistovoe epithermal system slated for September
Montreal-based KWG Resources (KWG-T) plans to pour its first dore bar this September from its newly acquired Ametistovoe gold mine, now under development in the Kamchatka Peninsula of far eastern Russ…