Eastern Stone buys Belrose interest
Toronto-based junior Eastern Stone Products (ASE) has arranged to buy the remaining 25% interest in Belrose Minerals in exchange for 500,000 Eastern common shares. Upon completion of the deal, Eastern…
News
Exroy granted full title to Ungava claims
After several lengthy appeals, the Supreme Court of Canada has finally granted Exroy Resources (CDN) full title to 43 claims in the Ungava nickel-copper belt in northern Quebec. The decision enables t…
NEWS ROUNDUP — Cambior to drill Polo Sur
Growing gold producer Cambior (TSE) reports assessing more than 450 projects in Chile during the past three years, its prime targets being copper and gold projects. Last year, the company purchased th…
Tanqueray options B.C. perlite mine
Calgary-based junior Tanqueray Resources (ASE) has acquired an option to buy the Frenier perlite mine in central British Columbia. The mine, near Clinton, has proven reserves of more than 450,000 tonn…
Hot play in Mexican hot spot (48 C) — Eldorado’s La Colorada
Less than a year after it formed a joint-venture agreement to earn a 70% interest in the La Colorada property, Eldorado (VSE) has completed a pilot heap leach test and expects to be in production by t…
Windy Craggy: 1958-’93
The owners of the Windy Craggy deposit in northwestern British Columbia will be demanding compensation of several hundred million dollars from the provincial government. Last week, the government expr…
Chesbar, Spirit in Venezuela
Two Montreal-listed companies, Spirit Lake and Chesbar Resources, plan immediately to explore their newly acquired La Salle concession in the Anacoco area of Venezuela. The option (30% for each compan…
CANMET signs European deal
A 3-year arrangement allowing for the exchange of information on environmental technologies has been signed by CANMET (Canada Centre for Mineral and Energy Technology) and the Commission of European C…
MVP Capital to issue $1m in bonds
A Swiss securities dealer has agreed to buy $1 million in convertible bonds and warrants from MVP Capital (TSE). MVP plans to use $500,000 of the proceeds, together with $500,000 already advanced to D…
Gold City acquires western gold claims
Calgary-based Gold City Resources (ASE) has optioned 450 claim units in southern British Columbia from a private Alberta company in return for the issuance of shares. Exploration on the 25,000-acre pr…
Goldpost concludes Hislop property sale
Shareholders have approved the sale of Goldpost Resources’ (TSE) gold properties in northern Ontario to St Andrew Goldfields (TSE). The three contiguous properties — Hislop East, Holcorp and Valliere…
Collahuasi a blockbuster that keeps on growing
In its annual review, Falconbridge describes the Collahuasi copper project in northern Chile as the biggest exploration story of 1992. The bold statement illustrates just how important Chile has becom…