EDITORIAL PAGE — Country risk
It wasn’t so many years ago that most Latin American countries were strictly beyond the pale for North American investors. Military dictators, political corruption and graft, popular uprisings and sus…
News
T&H report on exploration
T&H Resources (TSE) says its Damoti Lake property in the Northwest Territories has been brought to lease. Limited sampling on the shore of Damoti Lake proved disappointing. However, geophysical work a…
Wheaton sells Ketza River gold property to YGC
Junior gold miner Wheaton River Minerals (TSE) has sold its Ketza River property, near Ross River, Y.T., to YGC Resources (VSE). In return, Wheaton will receive three million YGC shares, giving it a 4…
ODDS’N’SODS — A man `over the range’
(The following story is characteristic of the life and death of many placer miners in early years. The individual described, Stumpy Wicks, worked on the Coeur d’Alene River, in Idaho.) Stumpy Wicks wa…
Lyon Lake tests zone extension
Surface sampling and drilling demonstrate that the gold-bearing zone of the Beta Vargas deposit in Costa Rica is open to the east and at depth. Lyon Lake Mines (ME) has completed 17 reverse circulatio…
Peat Resources announces study
Peat Resources (CDN), a company with plans for a peat fuel processing plant, says Ontario Hydro will participate in a formal review of the technical and economic aspects of Canada’s sustainable peat f…
Startigan plans work on Ecuadoran play
By acquiring all outstanding shares of Ecuadorian resource company Square Valley, Startigan (ASE) has assumed ownership of two gold projects in the foothills of the Andes. The Gaby property, 85 miles …
NEWS IN BRIEF (January 10, 1994)
Parquet Resources (PQT:ME) has changed its name to Plexmar Resources (PLE:ME) on a 1-new-for-8-old-share basis.
NEWS ROUNDUP — Inco reviewing Schell Ranch
Pending a review of exploration results for the past year on the Schell Ranch property, a U.S. subsidiary of Inco (TSE) is expected to resume drilling in early 1994. The property is in Calaveras Cty.,…
NEWS ROUNDUP — Ecudor arranges private placement
A private placement will allow Societe Miniere Ecudor (ME) to increase to 35% its stake in the Dona Lake gold mine in northwestern Ontario. The $1-million debenture placement, which has yet to be appr…
WCB rates to decrease for most miners in Ontario
At a time when its reputation is being seriously damaged by claims of financial mismanagement, the Ontario Workers Compensation Board (WCB) is sending a mixed message to the provinces mining sector. A…
Cathedral Gold trenches gold
Further trenching on the Kaburi-Eldorado project in Guyana has returned more high-grade gold values. Cathedral Gold (TSE) is earning up to a 90% interest in the property which is 20 miles northwest of…