Corona acquisition gets approval
Shareholders of Homestake Mining (NYSE) voted 92% in favor of a proposal to issue about 37.3 million common shares to acquire International Corona (TSE). Homestake received the necessary shareholder a…
1992
Record output for Casa Berardi
The Casa Berardi mine in Quebec was excluded from a list of Canada’s top 12 gold mines in a recent story (T.N.M., July 6/92). Owned by TVX Gold (TSE) and Golden Knight Resources (TSE) through a 60-40 …
Yukon jade find may be of world record size
A jade miner has found what he believes is a world record-breaking chunk of the semi-precious stone on a mountain face in southeastern Yukon. Max Rosequist of Portland, Ore., who owns 30% of Yukon Jad…
Placer Dome stays litigation, files separate Pipeline suit
A subsidiary of Placer Dome (TSE) voluntarily stayed a legal action it began in Reno, Nev., against Hanson Natural Resources, doing business as Gold Fields Mining of Denver. The dispute between the tw…
LATIN AMERICA — Greenstone arranges financing
Toronto-based Greenstone Resources (TSE) has made arrangements with Middlefield International of London, England, for a $4-million offering to finance developments at its Latin American gold projects….
Black Hawk enters option deal
Black Hawk Mining (TSE) is moving to boost its nickel reserves by earning 50% of All-North Resources’ (VSE) interests in a group of four properties in the Kluane area of southwest Yukon. Toronto-based…
MINER DETAILS — The best to come for the North
As Russian myth goes, the region of Yakutia in northeast Siberia is so cold that diamonds and gold slipped from the creator’s hands when he shaped the land. At least that’s how locals explain the rich…
PEOPLE — CENTRAL CRUDE (July 27, 1992)
Joseph Baylls appointed president/ director. Ian Bayer, and Richard Nemis elected directors.
PEOPLE — CYPRUS MINERALS (July 27, 1992)
Milton Ward appointed chairman, president and chief executive officer.
Frasergold is focus of review
The consulting firm of L.J. Manning and Associates recently completed a detailed review of drill-hole data relating to all phases of bulk sampling on Eureka Resources’ (VSE) Frasergold deposit in cent…
EDITORIAL PAGE — Offshore mineral rights
An international court in New York reached a compromise decision recently in a fishing zone dispute between Canada and France off the southern coast of Newfoundland. The court rejected ocean boundary …
NEWS IN BRIEF (July 27, 1992)
Forbes Resources Ltd. (FRN:VSE) has changed its name to Forbes Medi-Tech Inc. with no consolidation of capital. The transfer agent is Pacific Corp.