Editorial Helping the USSR
The Soviet Union is going to need a lot of help from the West if it plans to continue the reform of its economy. There are, for example, a number of Canadian mining and consulting companies eager to l…
News
Results awaited from Gold Basin
Project operator Consolidated Rhodes Resources (VSE) has completed 12 reverse circulation drill holes on the Gold Basin gold property in Arizona. The company has an option to earn a 50% interest in th…
Bougainville mine may be reopened
Bougainville Copper, a unit of RTZ Corp (NYSE), reported a loss of A$19.8 million for the year ended Dec. 31, 1991, compared with a loss of A$30.1 in 1989. Operations at the company’s copper mine on B…
Sikaman sells Bogosu interest
In order to pay down short-term debt, Sikaman Gold Resources (TSE) has accepted an offer from Billiton B.V. to sell its 14% interest in the Bogosu gold project in Ghana. Billiton, which already holds …
PEOPLE CAL GRAPHITE
Gunter Thase appointed a director.
Hecla, CoCa approve merger plans
The boards of Hecla Mining (NYSE) and CoCa Mines (NASDAQ) unanimously approved a definitive merger agreement that will result in CoCa becoming a wholly owned subsidiary of Hecla. The companies hope to…
Madeleine faces environmental charges
Toronto-based Madeleine Mines (TSE) and company President J. Patrick Sheridan were recently charged with six counts of violating Ontario’s environment laws. The charges were laid February 14 following…
Marshall ups stake in Eden Roc to 75%
Marshall Minerals (ASE) recently increased its stake in Eden Roc Minerals by exercising options to acquire an additional 5.92 million Eden Roc (TSE) common shares for an aggregate consideration of $1….
Corona looks at possibility of mining Nfld. gold bets
When it comes to putting gold deposits into production, five are sometimes better than one. At least that’s the theory that Corona (TSE) senior geologist John Thompson is working with as he attempts t…
Dia Met signs deal with Uranerz
A recent agreement with Dia Met Minerals (VSE) will allow Uranerz Exploration and Mining to participate in a diamond exploration program owned 100% by Dia Met within a specific but undisclosed area of…
Queenston and Strike cut four sulphide zones
The fifth hole of a 5-hole program at the Robertson base metal property near Matachewan, Ont., has intersected four zones of banded, disseminated to semi-massive sulphide mineralization, including a 1…
INSIDER TRADING (February 25, 1991)
Two of Glamis Gold’s (TSE) senior executives recently took the opportunity to cash in on the company’s success. According to the Ontario Securities Commission’s OSC Bulletin, James Billingsley, Glamis…