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Drill program for Omega project

A 5,000-ft. drilling program will be undertaken by Hemlo Gold Mines (TSE) on the Omega property east of Kirkland Lake, Ont., Greater Lenora Resources (TSE) reports. Hemlo Gold may earn a 60% interest …


Audrey accounting practices criticized

Charges by a Montreal accounting professor that Audrey Resources (TSE) inflated earnings statements to entice investors have been denied by Audrey President Guy Hebert. The Montreal Gazette, a Southam…


EDITORIAL PAGE — A truly regional Senate

There is an opportunity for Canada’s Constitution “fixers” to make the proposed new Senate truly representative of the country’s regions. But if they stop at simply giving provinces equal representati…


Joint venture explores Utah’s Dugway district

The mineral potential of Utah is being given serious attention by Centurion Mines (NASDAQ), now the state’s largest holder of precious metals properties. The most recent acquisition was a 25% undivide…


Bulgaria seeks venture partners

Following the example of its neighbors in eastern Europe, Bulgaria is moving to a market economy. Its state-owned mining research and technology company, Niproruda, is in the process of being privatiz…




NEWS ROUNDUP — Cominco sells Aberfoyle interest

Proceeds of about $135 million will be realized by Cominco (TSE) from the recent sale of its 46.3% interest in Aberfoyle to Australian and international institutions. Aberfoyle owns the Hellyer zinc-l…




Goldstack deals with Shoshoni

An agreement with Consolidated Shoshoni Gold (VSE) to acquire a 50% interest in Shoshoni’s Transmitter Hill gold property in Utah has been entered into by Goldstack Resources (VSE). The property is ad…


Breakwater adds Mochito reserves with new zone

A new orebody known as the Nacional zone was defined during a recent exploration and development program carried out by Breakwater Resources (TSE) at its El Mochito mine in Honduras. The new zone, whi…


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