NEWS ROUNDUP — Euro-Nevada repays loan
A $9.5-million loan has been repaid to Prime Resources Group (VSE) by Euro-Nevada Mining (TSE). The loan was exchanged for $9.1 million par value 8% second preferred shares of International Corona, no…
News
NEWS ROUNDUP — Regal revises Black Twp. agreement
An agreement has been amended between Regal Goldfields (CDN) and two private parties over a 30-claim gold property in Black Twp., Ont. Regal will now acquire 100% interest in the property, subject to …
Violence marks 4-month strike at Giant mine
The 4-month-old strike at Royal Oak Mines’ (TSE) giant gold mine has been violent as it continued operation, using scabs. Prior to the Sept. 18 blast which killed nine miners, other explosions at the …
NEWS ROUNDUP — KWG drops option on Thierry
After completing due diligence studies on the Thierry copper-nickel mine in Northwestern Ontario, KWG Resources (ME) has decided not to option the property from owner Etruscan Enterprises (VSE). The d…
GUEST COLUMN — Diamond drillers need support
The Canadian diamond drilling industry has installed itself as a world leader, but this position is being threatened by the country’s economic malaise and government policies. Statistical drilling dat…
MINER DETAILS – Don’t reward picket-line violence
It was a ghoulish display of political opportunism, when Ontario Labour Minister Bob Mackenzie used the death of nine miners in Yellowknife to his advantage. Only days after a fatal explosion at the G…
Hughes revising Nova-Cogesco bid
Following the expiry of a previous offer to increase its stake in Nova-Cogesco Resources (TSE), Hughes Lang (VSE) and its subsidiary Orofino Resources (TSE) intend to make a second offer for the cash-…
Prime to acquire shell company
An offer has been made by Prime Equities International (VSE) to acquire all outstanding shares of a Vancouver-based shell company, Encore Ventures (VSE). Under the offer, Encore shareholders will rece…
Union launches breach-of-trust action against Cominco
The United Steel Workers of America has launched a breach-of-trust action against Cominco (TSE), claiming the company improperly used surplus pension funds. The union charges that surpluses earned in …
St Andrew increases stock mine reserves
Because of mining experience and diamond drilling results, St Andrew Goldfields (TSE) has announced a significant increase in reserves for the West zone at its Stock mine east of Timmins, Ont. As of A…
San Andreas hits zinc-lead values
With assay results from four recent holes, San Andreas Resources (VSE) is reporting the discovery of “Pine-Point-style mineralization” at its Prairie Creek mine property 300 miles west of Yellowknife,…
BOOKS IN REVIEW — Facts and figures about copper
Review of Current and Potential Copper Producers. Revised 1992 edition in four volumes. Published by Pincock, Allen & Holt, Inc. 274 Union Boulevard, Suite 200, Lakewood, Colo. 80228. US$12,000. Last …