Sierra Nevada lands Mexican ground
A recent purchase agreement provides Sierra Nevada Gold (VSE) with control of the Promontorio gold-copper property in Chihuahua, Mexico.The company will pay US$50,000 on final signing, plus US$100,000…
News
NEWS IN BRIEF (June 12, 1995)
Manor Resources (MNO:ASE) has changed its name to American Manor (ANO:ASE) on a 1-new-for-10-old-share basis.
LETTER TO THE EDITOR — Reserves misquoted for Battle zone
In the May 22 issue of The Northern Miner an article on Westmin’s 1995 first-quarter results mentions the Battle zone development in British Columbia but misquotes the reserves.Minable reserves at the…
Mine safety improves in Canada
The safety performance of Canada’s mining industry improved 75% between 1984 and 1994, according to statistics released by the Ontario Mining Association.The lost-time injury rate last year was 1.86 p…
U.S. silver industry continues growth
Activity in the U.S. silver market in 1994 continued the upward price trend that began to develop in early 1993 (although in that year, a near-20-year low of $3.54 per oz. was recorded).Volatility was…
COMMENTARY — Single window would cut costs
Companies wanting to invest in the Canadian mining industry often find themselves tangled in a seemingly endless sea of red tape; red tape which must be cut through, tied up, rubber-stamped, re-packag…
Coral and Amax Gold reach new agreement
A new agreement is in place that allows Amax Gold (NYSE) to continue to earn a 60% interest in Coral Gold’s (VSE) Robertson project. The property lies within the Battle Mountain trend in Nevada’s Cres…
Venoro to acquire gold mine interest
An agreement reached with Colombia-based Sociedad Agrominera El Cerro sets the stage for Venoro Gold (VSE) to acquire an interest in a small, operating gold mine in Antioquia, Colombia.Agrominera will…
Pan American sees silver lining
Plans to gain a minority interest in a Mexican silver producer have collapsed for Pan American Silver (TSE), which is now investigating other acquisitions and joint ventures.The company had reached an…
Africa faces global competition
Representatives from 28 African governments were on hand to provide information on mineral opportunities in their countries during the second annual Africa Mining Investment Symposium held recently in…
Atna picks up additional holdings
By acquiring a 60% interest in the Horsefly property, 80 km southeast of Prince Rupert, B.C., Atna Resources (VSE) will expand its holdings along an extensively altered and metamorphosed belt of volca…
RTZ signs partnership deal with Freeport-McMoRan
Mining giant RTZ (NYSE) has signed a definitive agreement with Freeport-McMoRan (NYSE) for a partnership arrangement announced in March (T.N.M., March 20/95).RTZ, through its wholly owned subsidiary R…