Rio Algom to develop copper mine in Chile
Toronto-based Rio Algom (TSE) will proceed with development of the Cerro Colorado copper mine in northern Chile after receiving approval from the Chilean Foreign Investment Committee. Cerro Colorado w…
News
Second Inco rig at Fawcett Twp.
Operator Inco (TSE) has moved a second rig on to Fort Knox Gold Resources (TSE) base metal prospect in Fawcett Twp., near Shining Tree, Ont. At the same time, core from hole SG-10, recently completed …
Greater Lenora retains Goldfields play
The inability of RJK Mineral (ASE) to meet an option payment due Dec. 31, 1991, means associated company Greater Lenora Resources (TSE) will retain a 100% interest in the Goldfields gold project in no…
Former gold producer — Miramar aims to reopen Flowery
Management of Miramar Mining (TSE) hopes to bring the Flowery gold mine back into full-scale production. The former producer is in Storey Cty., Nev., about 10 miles east of the famous Comstock Lode. T…
Key-Rio deal
Subject to regulatory approval, Key Anacon Mines (TSE) says it has entered into an option agreement with Rio Algom Exploration, a unit of Rio Algom (TSE), whereby Rio may earn a 60% interest in Key’s …
Northfield options Swansea claims
A letter of intent between a Northfield Minerals (ASE) subsidiary and Hemlo Gold Mines (TSE) has paved the way for further exploration on the Swansea gold project about six miles west of Virginiatown,…
Morning raid on St Lambert
Recently armed rebels known as the Touharegs attacked Canadian drilling company St Lambert’s camp in Takanamat, Africa, at 3 a.m. Although the crew members, from Quebec, did not suffer from any injuri…
INSIDER TRADING (February 10, 1992)
A couple of key insiders at Fort Knox Gold Resources (TSE) recently altered their holdings in the Toronto-based company. According to the Ontario Securities Commission OSC Bulletin, Inco which owns ab…
Claude resumes drilling amid talks with creditors
While attempting to reschedule payments on $5 million owed to major creditors, Claude Resources (TSE) continues to make progress at its Seabee gold mine near La Ronge, Sask. Following a 6-week product…
Research projects to be discussed
Technical information sessions dealing with the conclusions of 13 research projects funded under Quebec’s Mineral Development Agreement with the federal government have been organized for Feb. 25 at V…
Northway funds
Northway Explorations (TSE) says it has arranged a private placement of 1.25 million shares at 12 cents per share, for a total consideration of $150,000, with Jonpol Investments Ltd., subject to share…
Loki updates reserve estimate
An updated preliminary reserve calculation was released by Loki Gold (VSE) for the Brewery Creek gold project near Dawson City, Yukon. Loki has earned a 49% interest in the bulk-tonnage property from …