1992

Mining can be a high-risk business especially in the former Soviet Union, said Neil MacFarlane who addressed a small group at Queen’s University on Sept. 25, 1992. A study being carried out by him at …

An option agreement to earn an 80% interest in the San Andres gold project in Honduras has been entered into by Arimetco International (TSE) with Fischer-Watt Gold (NASDAQ) of Reno, Nev. To earn its i…

Planning for the Sanchez oxide project is proceeding, with owner Azco Mining (VSE) recently hiring engineering consultant Davy McKee to provide all engineering, procurement and construction management…

Toronto-based Noranda Minerals has effectively curtailed exploration activities in the eastern half of the U.S. by putting the brakes on projects in Wisconsin and closing its small North Carolina offi…

Infill drilling on a recently discovered small but very high-grade oreshoot at the Lawyers property has prompted Cheni Gold Mines (TSE) to proceed with mining the zone in the fourth quarter. The Lawye…

I was amazed by the lack of knowledge displayed by M.R. Brown in the article “Warding off penny dreadfuls” (T.N.M., Sept. 14/92). While I’ve never met Mr. Brown I would venture to guess he is an indiv…

A numbered company has agreed to a private placement of up to one million units of Aronos Multinational (CDN). The numbered company has agreed to purchase a minimum of 500,000 units, each of which con…

Subject to regulatory approval, Rea Gold (TSE) has agreed to sell its QR gold property near Quesnel, B.C., to CMP Resources (ME) for $450,000 plus 2.5 million shares of the company currently held by C…

Federal and state environmental permits for development and production at Grouse Creek were recently received by owner Hecla Mining (NYSE). Permitting for the operation, in south-central Idaho, was de…

Joint venture partners SEG Exploration (ME) and KWG Resources (ME) are proceeding with the collection of a bulk sample from their Granada gold property near Val d’Or, Que. The 20,000-ton sample will b…

The 50% interest in the Big Bell gold mine in Western Australia belonging to Placer Pacific, the 75.7% owned subsidiary of Placer Dome (TSE), has been sold to Poseidon Gold of Australia for about US$8…

Vancouver-based Kalahari Resources (VSE) recently optioned 1,000 claims in the Eastern Twps. of Quebec from Peter Ferderber and Associates in exchange for 300,000 shares. The claim group, called the A…