Dayton pursues merger proposals
Following the collapse of a funding deal with a Malaysian group for the Andacollo project earlier this year, Dayton Mining (TSE) has retained RBC Dominion Securities to assist in the evaluation of mer…
News
Roadbed machine under development
A machine for creating a smooth roadbed by grading the floor of a mine drift or ramp is being developed by Inco Ltd. and the Ontario mines ministry. A scarified roadbed is intended to offer low resist…
NEWS ROUNDUP — Dickenson gets shares for Goldquest debt
Dickenson Mines (TSE) has converted the $95,000 owed to it by Goldquest Exploration (TSE) into 527,777 common shares of Goldquest. The debt was converted on the basis of one common share of Goldquest …
Reserve boost for Chinese project
An independent study of the Qiandongshan (QDS) zinc-lead-silver project in China’s Shaanxi province has left American Exploration (ASE) confident about reserves. Proven and probable reserves are about…
New Mexican mining regulations take effect
The regulations of the Mexican Mining Law went into effect at the end of March. According to the Ministry of Energy, Mines and State Industry (SEMIP), the new regulations eliminate 60 requirements tha…
BOOKS IN BRIEF — Base metals in Kazakhstan
The Base Metal Industry of the Republic of Kazakhstan, by Brook Hunt & Associates Ltd., Old Bank House, 11 London Street, Chertsey, Surrey KT16 8AP, U.K. 8,500. The Republic of Kazakh-stan, part of th…
Denison, Total wrap up mine deal
Toronto-based Denison Mines (TSE) has completed negotiations with Total Compagnie Miniere of France and Total Minatco for the complementary development of two uranium properties in Saskatchewan. As a …
Ivernia, Minorco negotiate Lisheen project agreement
A deal leading to the creation of a new joint venture agreement covering the Lisheen lead-zinc project in County Tipperary, Ireland, has been worked out between Ivernia West and Minorco. The new agree…
NovaGold program outlines Murray Brook copper reserve
A new minable reserve of 425,100 tons grading 2.98% copper has been established at the Murray Brook mine in northern New Brunswick by owner Novagold Resources (TSE). An additional 55,000 tons of crush…
STOCK MARKETS — Investor confidence pushes Pine Channel to
Trading on western markets slowed somewhat during the week ended Apr. 13, with the Vancouver Stock Exchange resource index posting an 8.83-point loss to the 931 level, while the composite index closed…
Writeoffs push Crown Res. into red
Property writeoffs have pushed Crown Resources (TSE) well into the red with a net loss of US$8.6 million for the year ended Dec. 31, 1992. The company withdrew from the Kettle River gold mine joint ve…
New program at Verneuil Twp.
The third phase of drilling is under way at a Verneuil Twp. gold prospect in northwestern Quebec, Golden Tag Resources (VSE) reports. The initial holes of a minimum 10,000-ft. program are planned for …