MacDonald defers annual meeting
MacDonald Mines Exploration (CDN) says it will postpone its annual meeting from the end of June to Oct. 16 to allow time to negotiate an agreement which could save the company. MacDonald President Mil…
1992
LATIN AMERICA — Aldermines plans placer production
An encouraging engineering report and economic evaluation of a gold and silver placer mining project on the Neuquen River in Argentina has been released by private company Aldermines Corp. of Toronto….
LATIN AMERICA — Auromar, Monte Carlo drilling
The first reverse circulation drill hole of a program testing a gold property on the Caribbean island of Aruba was completed recently, Auromar Development (VSE) and Monte Carlo Gold Mines (ASE) report…
PEOPLE — NORTHFORK VENTURES
Logan Anderson appointed vice-president; Glen MacNeill appointed director.
PEOPLE — CONSOLIDATED CAPROCK
Peter Tsaparas appointed president/director; Rick Gill, and Fotios Kandianis appointed directors.
Fluorite benefits from ozone fears
The planned phasing out of chlorofluorocarbons (CFCs) by the year 2000 or earlier has prompted a number of companies to begin exploring and developing fluorite deposits. Fluorite, also known as fluors…
Juniors raise cash for diamond hunt
As a crew from Aber Resources (TSE) started ground checking geophysical targets on the Diavik joint venture property at the end of June, two other juniors arranged financing for diamond projects in th…
Madeleine evaluates autoclaves
Toronto-based Madeleine Mines (TSE) is experimenting with a hydrometallurgical process designed to recover palladium-platinum, gold and base metals from its Lac des Iles property near Thunder Bay, Ont…
LATIN AMERICA — Quarterly dividend for Southern Peru?
A quarterly dividend is being considered by Southern Peru Copper, which owns and operates a pair of mines and a smelter in the southern region of Peru, employing 5,700 persons. Total dividend payments…
Nora raising funds for Desjardins
Nora Exploration (ME) and partner Placer Dome (TSE) have started a $650,000 exploration program to determine the extent of three gold-bearing zones on the Desjardins property north of Lebel-sur-Quevil…
Frankfield plans consolidation of shares, change of name
Frankfield Explorations (ASE) is set to reorganize its share structure and change its name in an effort to raise funds for exploration on gold properties near Timmins, Ont., and Quebec. Subject to sha…
Kilo commences drill program
A summer drill program by Kilo Gold (ASE) started in June to test the company’s gold exploration property in the Apex Mountain area of southern British Columbia. The company plans several holes to del…