Corona’s low costs prompt Homestake bid
The proposed merger between Home stake Mining (NYSE) and International Corona (TSE) is expected to result in Homestake becoming one of the world’s largest gold producers with anticipated 1992 producti…
News
Founder drilling at Coral Lake
A 5-hole, second-phase drilling program was recently started up on the Coral Lake gold claims of Founder Resources (VSE) near Beardmore, Ont. Encouraged by results from the first two holes, Founder ha…
World’s deep mines have their own special features
It is customarily thought that the gold mines of South Africa’s Rand pioneered deep mining. Not so. That distinction was held for many years by the Kolar gold field in India. While the deepest Rand mi…
Morgain hits base metals
Morgain Minerals (VSE) says it has intersected base metal mineralization throughout holes 3 and 4 on the Higgins property in New Hampshire. Although assay results are pending, the company estimates so…
Save Our North planning rally at PDAC convention
Support for a grassroots government lobbying effort launched by prospectors in the Timmins area has gained widespread support throughout northern Ontario. The group behind the effort is growing increa…
Cream Silver options Doromin property
A recently signed option agreement between Cream Silver Mines (VSE) and Doromin Resources (VSE) gives Cream Silver the right to earn an 80% interest in Doromin’s George property in the northwest Mores…
Toronto Stock Exchange — Merger plan makes Corona volume leader
Gold issues took a beating during the week ended March 17, as concern over the situation in South Africa helped drive the price of the yellow metal down US$9 per oz. to US$340, its lowest level since …
Alberta Stock Exchange — Two new listings
Even as the gold price dropped to a 6-year low of US$340 per oz. during the week ended March 17, the exchange welcomed two new mine listings. Western Troy Capital Resources, which used to trade on the…
Kemess enters development stage
Owners of the South Kemess copper-gold project have filed the first of two documents required for approval of mine development with the British Columbia government. El Condor Resources (VSE) and St. P…
Consultant predicts copper price hitting $1.40 in ’93, $2 by ’95
Copper will rise to US$1.40 per lb. in 1993 and US$2 in 1995 says consultant William Hill of MPH Consultants Ltd. Hill, who has 25 years of experience in consulting to the copper industry, was speakin…
Starmin plans warrant offering
Toronto-based Starmin Mining (TSE) says it has negotiated an agency agreement with Yorkton Securities for a private placement of 312,500 special warrants at 72 cents per warrant, on a best efforts bas…
U.S.REPORT (March 23, 1992)
Joint venture partners Texas Star Resources (VSE) and Harrison Western Mining recently signed a deal with a subsidiary of Cyprus Minerals (NYSE) to fund a bankable feasibility for the Keystone project…