News

Active exploration scene at Quebec’s Benoit Twp.

Despite a claim dispute that still hangs over the area, Benoit Twp. in northwestern Quebec is poised for a second burst of exploration activity. Under a recently signed agreement with Freewest Resourc…


Royal Oak acquires Broulan

Vancouver-based Royal Oak Mines (TSE) recently purchased the interests of Belmoral Mines (TSE), Cabre Exploration (TSE) and Wrightbar Mines (ME) in 58 claims containing the former Broulan and Porcupin…


Cal Graphite, Takla settle litigation

An agreement to settle a lawsuit between Takla Star Resources (ASE) and Cal Graphite (VSE) has been reached, the companies report. However, Takla says it will continue its lawsuit against E.J. Blancha…


New Eskay deal for Placer, Corona

The latest round of discussions between a tougher Placer Dome (TSE) and a more-willing-to-compromise International Corona (TSE) culminated in a new deal for development of the Eskay Creek deposit nort…


Speculation runs high on Cortez-Robertson

A recent gold discovery on the Cortez joint venture owned 60% by Placer Dome (TSE) helped push Coral Gold’s (VSE) share price to new highs on speculation the deposit may extend on to an adjoining prop…


Perrons put Clenor into new company

The Perron brothers from Kirkland Lake, Ont., say they plan to fund exploration of the Clenor property near Temagami, Ont., through Gwen Resources (ASE). Gwen President Alex Perron says he plans to ta…



Montreal Exchange (January 27, 1992)

Resource issues were in favor the week ended Jan. 21, when the mining and minerals index jumped by more than 44 points. The general market portfolio index headed the other way, closing down by almost …


Southern Peru to invest US$300m

Southern Peru Copper Corp. (SPCC) will proceed with a US$300-million capital investment program after settling a dispute with he Peruvian government over investment recovery contracts. Under the terms…


Chile to dominate copper production

Chile could account for 32% of the world’s total copper production by the year 2000, according to a study by the Center for Copper Studies (CESCO) which was published here recently. CESCO predicted th…


Queenston to drill Kirkland West from surface

LAC Minerals (TSE) has returned the strategic Kirkland West claims to owner Queenston Mining (TSE) after spending $2 million in a fruitless search for minable ore. But Queenston Chairman Hugh Harbinso…


U.S. REPORT (January 27, 1992)

Assay results were released by Ican Minerals (TSE) from recent reverse circulation drilling on the Racey “porphyry” gold deposit 40 miles south of Baker, Ore. The company owns 100% of the property sin…


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