PROJECT ROUNDUP (April 20, 1992)
A contract to develop the Bajo de la Alumbrera copper-gold porphyry deposit in northwestern Argentina has been negotiated by International Musto Explorations (VSE) with a quasi-government mining compa…
1992
Chile an obvious exploration target
The most most striking aspect of Chile, the worlds leading producer of copper, is its geographical shape. A mere 200 km wide (on average), it extends for more than 5,000 km along the coastline directl…
Costa Rica offers opportunities
Gold and silver have been the most significant metals produced in Costa Rica. Production has been primarily from vein-stockwork deposits hosted by tertiary volcanics and sediments related to a still a…
Argentine economic reform under way
Fundamental changes in thinking about economic policy are evident in Argentina, says Domingo Cavallo, the countrys minister of the economy. Taking a historical perspective, he notes in a report he co-…
Single permit final hurdle to restarting Hope Brook
A Newfoundland gold mine with a troubled past has been given a new lease on life after being closed last year because of environmental problems. Officials at Royal Oak Mines (TSE) confirmed recently t…
NEWS IN BRIEF (April 20, 1992)
HLX Resources Ltd. (HL:VSE) has changed its name to Emperor Gold Corp. (EMR:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis.
Dowa to joint venture Tizapa project
Dowa Mining is set to develop its first commercial mining project outside Japan after a $32 million bid for the Tizapa polymetallic project in Mexico was accepted by the Mexican government. A world le…
Falconbridge plans May production at Lindsley project
Commencement of production at the Thayer Lindsley project north of Sudbury, Ont., is planned for May by Falconbridge. Ore at the Blezard Twp. project consists mainly of copper and precious metals. The…
TORONTO STOCK EXCHANGE INDICES (April 20, 1992)
Composite”300″ 3412.64 3389.83 3376.64 3349.03 3318.10 4009.47 3009.91 Metals&Minerals2928.66 2945.76 2879.15 2864.47 2828.26 3453.06 2502.63 Integrated Mines 3101.03 3123.91 3044.40 3029.95 2986.76 3…
LETTERS TO THE EDITOR (April 20, 1992)
Canada possesses a vast mineral wealth; unfortunately, only a small percentage of this total wealth will ever be realized under the current mining framework. Among other factors, this situation is due…
Correction (April 20, 1992)
A letter to the editor, “Cooling trend is on its way” (T.N.M., Mar. 30/92) contained an incorrect address. The letter writer, Jack Sauers, resides in Seattle, Wash.
Precious metal potential of Suriname to be tested
Rapidly joining the ranks of South American countries trying to attract exploration and development dollars is Suriname. The country is squeezed between Guyana on the west and French Guiana on the eas…