NEWS IN BRIEF (April 27, 1992)
Tournigan Mining Exploration Ltd. (TGN:VSE) has changed its name to International Tournigan Corp. (ITG:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Mont…
1992
Western Copper, Thermal stake additional claims
The staking of an additional 89 claims on and around the Williams Creek property by partners Western Copper Holdings (VSE) and Thermal Exploration (ASE) brings the companies’ holdings in the area up t…
Hemlo boosts stake in Freewest
Toronto-based Hemlo Gold Mines (TSE) recently increased its stake in Freewest Resources (TSE) to 13.4% by purchasing 268,516 common shares under financing agreements signed during the past two years. …
Amax wins award for reclamation plan
Amax Gold (TSE) has won an award from the California Mining Association for a comprehensive plan to reclaim the Hayden Hill gold mine in Susanville, Calif. A combined effort involving environmental an…
LETTERS TO THE EDITOR (April 27, 1992)
I commend your stimulating editorial “Capital for Latin America” (T.N.M., Mar. 23/92). You do well to encourage the Canadian resource industry to participate in Latin America’s growing opportunities f…
CIM Meeting
Chilean mining joint venture law and privatization will be the subject of the next CIM Mineral Economics Society discussion group meeting at the Toronto Board of Trade, May 5. Jorge Bande, vice-presid…
FINANCING (April 27, 1992)
Keywest Resources Ltd – 500,000 shs offered @ $1.10 per sh.
Trout Lake, Crofoot improve for Granges
Record production was achieved by Granges (TSE) at its two producing mines during 1992. The company holds a 29% interest in the Trout Lake polymetallic mine near Flin Flon, Man., and operates the Crof…
Dying exploration industry prompts campaign — Kidd staff
Deeply concerned about their chances of finding another substantial orebody to replace reserves at the aging Kidd Creek copper-zinc-silver mine, geologists at Falconbridge’s Timmins exploration office…
BGR fund foregoes dividend, keeps cash for `opportunities’
BGR Precious Metals (TSE), the only closed end gold investment fund to survive the recent slump in bullion prices, recently cancelled its quarterly dividend. The 25 cents dividend was scheduled to be …
5-hole program at Newton Hill
A 5-hole drill program was recently completed on the Newton Hill property southwest of Williams Lake, B.C., and about 24 miles north of the Fish Lake deposit. Verdstone Resources (VSE) is in the proce…
Yakutia, De Beers in diamond deal
The Republic of Sakha (Yakutia), a member nation of the Russian federation, has secured the right to retain 10% of its rough diamond production for independent sale, De Beers Centenary reports. Yakuti…