Fleck believes Dunka feasible
An in-house after-tax cash flow assessment by Fleck Resources (VSE) on the company’s Dunka Road deposit in Minnesota estimates a return of 15.9% on invested capital. The Dunka Road deposit was acquire…
News
Pezim hearing adjourned until summer
Murray Pezim and several directors of his flagship company, Prime Resources Group (VSE), will have until early July to prepare for a hearing before the British Columbia Securities Commission. Pezim, J…
Bonanza drill results
Assay results from four recent drill holes on the past-producing Poirier base metal property near Joutel, Que., have been released by Bonanza Metals (ASE). The best result is 28 ft. grading 6.66% zinc…
U.S. Report Queenstake acquires Nevada properties
Encouraging results from early stage exploration work have prompted Queenstake Resources (TSE) to expand a first- phase geological and geochemical program to better define drill targets on its recentl…
Low silver prices subdue United Keno Hill meeting
With silver prices at their lowest level since 1977, the subdued atmosphere at United Keno Hill Mines’ (TSE) recent annual meeting in Toronto was understandable. United Keno must wait for an upswing i…
Tin suit fails
An attempt by Noranda (TSE) to sue the federal government over losses suffered during the collapse of the international tin cartel in 1985 has been struck down by the Supreme Court of Canada. Noranda …
Orex identifies four gold zones at Goldboro
Drilling in a fan pattern from the 250-ft. level to the 125-ft. level, Exploration Orex (ME) has identified at least four distinct zones of gold mineralization at its Goldboro property in Nova Scotia….
International Curator plans to buy Granges’ interest in Jualin
With 10,750 ft. of an ongoing 20,000 ft. drilling program complete, International Curator Resources (VSE) hopes to exercise its option to purchase the 40% interest in the Jualin property owned by Gran…
Westfield reports ’89 profit after selling Chilean asset
Westfield Minerals, (TSE) the company that angered shareholders by dealing its stake in a Chilean gold mine to Northgate Exploration (TSE), managed to report a profit last year. Westfield’s net income…
La Teko finances U.S. mining venture
Following a recently announced private placement, La Teko Resources (VSE) is looking forward to an active exploration season on several U.S. gold properties. The private placement sold to Gateway Mini…
U.S. Report Win-Eldrich options Ashdown for $2 million
The Ashdown property in northern Nevada, where proven and probable reserves stand at 1.12 million tons averaging 0.09 oz. gold per ton, has been optioned by Win- Eldrich Mines (TSE) to Billiton Minera…
Inco shareholders nix secret ballot proposal
Inco (TSE) shareholders have rejected a proposal to establish confidential voting procedures at company meetings. The proposal, presented by investment adviser Allenvest Group at Inco’s annual meeting…