Melinga drilling in Honduras
A contract to drill 150 holes, 30-50 metres each in length, in northwestern Honduras was recently entered into with a Guatemalan company, Melinga Resources (VSE) reports. The program is concentrating …
News
Copper smelter `bottleneck’ likely to continue
Arizona-based Magma Copper (NYSE) plans to increase its smelter capacity by up to 20% to take advantage of a growing worldwide “smelter bottleneck,” vice-president Bradford Mills told the Toronto Soci…
PROJECT ROUNDUP (April 20, 1992)
A contract to develop the Bajo de la Alumbrera copper-gold porphyry deposit in northwestern Argentina has been negotiated by International Musto Explorations (VSE) with a quasi-government mining compa…
Chile an obvious exploration target
The most most striking aspect of Chile, the worlds leading producer of copper, is its geographical shape. A mere 200 km wide (on average), it extends for more than 5,000 km along the coastline directl…
Costa Rica offers opportunities
Gold and silver have been the most significant metals produced in Costa Rica. Production has been primarily from vein-stockwork deposits hosted by tertiary volcanics and sediments related to a still a…
Mine closures outstrip openings
Mine closures outnumbered openings in Canada by almost 2:1 last year as low metal prices and flat markets battered mineral producers nationwide. According to Energy, Mines and Resources Canada, 33 min…
Kookaburra samples Mayflower zone
Recent sampling in an area immediately south of the Longshot Ridge copper-oxide deposit near Hawthorne, Nev., has outlined an additional zone of copper mineralization, owner Kookaburra Gold (VSE) repo…
GOLD FUNDS (April 20, 1992)
BGR Central Net Value $7.59 $5.03 Price $5.75 $4.40 Discount 24.24% 12.5% Value $45,193,000 $74,026,920…
FINANCING (April 20, 1992)
Waseco Resources Inc – 675,000 shs offered @ 42 cents per sh. Azco Mining Inc – 2,750,000 units consisting of 1 sh and 1 wt offered @ $2.36 per unit.
Argentine economic reform under way
Fundamental changes in thinking about economic policy are evident in Argentina, says Domingo Cavallo, the countrys minister of the economy. Taking a historical perspective, he notes in a report he co-…
Single permit final hurdle to restarting Hope Brook
A Newfoundland gold mine with a troubled past has been given a new lease on life after being closed last year because of environmental problems. Officials at Royal Oak Mines (TSE) confirmed recently t…
NEWS IN BRIEF (April 20, 1992)
HLX Resources Ltd. (HL:VSE) has changed its name to Emperor Gold Corp. (EMR:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis.