Metall reducing MIM interest
Copper producer Metall Mining (TSE) is significantly reducing its stake in MIM Holdings of Australia. The Toronto-based company is selling 100 million shares of MIM at A$2.35 per share, which will res…
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Rembrandt directors facing lawsuit
Now that Rembrandt Gold Mines (ASE) has a 100% interest in the Polaris Taku gold property in northwestern British Columbia, International Precious Metals (IPM) is proceeding with plans to sue several …
TVX Gold options Pachicutza project in Ecuador
Producer TVX Gold (TSE) is set to acquire an Ecuadoran gold property from La Direccion de Industrias del Ejercito (DINE), a state-owned company which participates in the private sector. The Pachicutza…
Mountain Minerals opens zeolite mine
Producers of industrial minerals have a tough row to hoe. Besides exploring for deposits, many are forced to search out new markets for their products. Privately owned Mountain Minerals exemplifies th…
PEOPLE — GREGOR GOLDFIELDS (December 20, 1993)
Andy Boudreau, Robert Platt, Peter Stewart, John Wiebe, and Doug Wood elected directors.
NEWS ROUNDUP — BHP options Robber’s Roost
Excellon Resources (VSE) and MVP Capital (TSE) have granted BHP Minerals the right to earn up to a 70% interest in their joint property in Arizona. To earn an initial 60% stake in the Robber’s Roost p…
ODDS’N’SODS — Northern `Diamond Queen’ (1)
The search for gem stones in the Northwest Territories is not the first diamond story to come out of Canada’s North. Under the front-page headline “Famous Story Dies With Diamond Queen,” an obituary i…
PEOPLE — AMAX GOLD (December 20, 1993)
Milton Ward appointed president, chief executive officer, director and chairman; Gerald Malys appointed director.
Lenora explores Yemen property
Junior Greater Lenora Resources (TSE) is being given a licence to explore an area 45 km south of San’a, Yemen. The 237-sq-km property is underlain by a Tertiary-aged felsic-volcanic caldera complex. I…
Caledonia’s Spanish subsidiary posts record profit
Filon Sur S.A., the 25%-owned Spanish gold mining subsidiary of Caledonia Mining (TSE), achieved a record net profit in the third quarter. Improved throughput and reduced operating costs enabled the h…
Diamond flow-through fund withdrawn
Having failed to attract sufficient support, Caratax Diamond Exploration Limited Partnership 1993 has been withdrawn. “Investors perceived the fund as being too risky,” said Jean-Pierre Colin, preside…
Cons. Ramrod buys Nevada bet
Consolidated Ramrod Gold (TSE) will acquire a 78% interest in the Railroad property in Nevada’s Carlin Trend. It can acquire the interest from Westmont Gold by paying US$4 million over 42 months. The …