Dayton takes Andacollo partner
Although still subject to a due diligence review, the Canadian subsidiary of a Malaysian mining company has offered to buy a 25% interest in the Andacollo gold project in central Chile. The project is…
News
Ontario fines Deak $50,000 for Larder Lake cyanide spill
Toronto-based Deak Resources (TSE) has been fined $50,000 after reluctantly pleading guilty to a charge of “discharging effluent into Larder Lake that may impair the quality of the lake.” The Ontario …
Goldstream profit boosts Bethlehem
Now in its second year of operation, the Goldstream underground copper-zinc mine near Revelstoke, B.C., helped 50% owner Bethlehem Resources (TSE) report net earnings of $860,000 for the second quarte…
Kerr shareholders OK Minnova sale
At a special meeting held recently in Toronto, shareholders of Kerr Addison Mines(TSE) approved the sale of the company’s 50.4% equity interest in Minnova (TSE) to Metall Mining (TSE) for a price not …
Westmin ups reserves at Battle, Gap
Recent drilling success by Westmin Resources (TSE) has resulted in a 19% increase in minable reserves for the Battle and Gap zone discoveries at the Myra Falls mine property near Campbell River, B.C. …
Ownership change revives interest in Grevet property
Recent developments at the Izok Lake property in the Northwest Territories exemplify the impact a change of ownership can have on a dormant exploration project. Discovered by TexasGulf in 1974 and pas…
Kookaburra lands Ecuador property
Adding to a portfolio of copper-oxide properties, Kookaburra Gold (VSE) reached an agreement with AG Armeno Resources (VSE) to acquire up to a 65% interest in the Chaucha copper project in Ecuador. Ko…
William, Claude in Vauquelin deal
The 19-claim Vauquelin property 35 km east of Val d’Or, Que., has been sold to Inco (TSE), William Resources (ME) and Claude Resources (TSE) report. Inco paid a total of $25,000 for William’s 75% inte…
Spot prices at a glance (October 19, 1992)
Week’s Price (US) Change Gold* $343.30 – $6.20 Silver* $ 3.71 – $0.04 Platinum*$355.00 – $4.00 Nickel** $ 2.84 – $0.17 Lead** $ 0.25 $0.00 Copper $ 1.02 – $0.01 Zinc $ 0.54 $0.00 Courtesy of Scotiaban…
NEWS ROUNDUP — Westminer options Chibougamau properties
An agreement has been signed between Westminer Canada and Cache Explorations (ME), allowing Westminer to acquire up to a 90% interest in Cache’s Fenton and Guercheville Twp. gold properties near Chibo…
MINER DETAILS — B.C. government plays hardball
Mining is being given a red-carpet welcome in Manitoba. To drive home the point, officials from the province came to Vancouver to talk about a new package of incentives designed to attract investment …
Cominco drops Kutcho Creek
Junior company American Reserve Mining (VSE) was recently informed that Cominco (TSE) had elected not to proceed with an option to acquire a 66.6% interest in the Kutcho Creek project in northwestern …