1992

Shrinking share values pushed the Vancouver Stock Exchange composite and resource indices lower during the week ended May 19. The composite index finished off 2.88 points at 612.83, while the resource…

Gem-quality diamonds recovered from a kimberlite pipe in the Lac de Gras region of the Northwest Territories indicate that Dia Met Minerals (VSE) and BHP-Utah Mines may be sitting on Canada’s first di…

An incredible 27,000 people filed through the gates at this city’s Parque Cerrilos recently for ExpoMin ’92, one of the largest mining trade shows in the world. Some 85 Canadian companies were among t…

The placement of 1.5 million units at $4 per unit is expected to raise about $6 million for El Condor Resources (VSE). The company plans to use the funds for work on its 60% owned South Kemess copper-…

A reorganization of the company’s affairs helped push Cyprus Minerals (NYSE) into the red for the first quarter ended March 31, 1992. The company reported a loss of US$5 million for the period on reve…

For several years, Canada’s mineral industry (excluding oil and natural gas) has accounted for an average of about 4.7% of Canada’s GDP, over 3% of total national employment and 18-19% of total Canadi…

A surface exploration program is being planned by Teck (TSE) for its recently optioned Mount Alcock project, 23 km from Ware in northern British Columbia. The major elected to exercise an option to ea…

The chairman of Wharf Resources (TSE) says the company had an outstanding year in 1991. “Production is up, costs are down and potential for the property is excellent,” Robert McEwen said. “Negotiation…

Toronto-based Northgate Exploration (TSE) named a new chairman and president at its annual meeting and appointed an honorary chairman. John Kearney has moved to the chairman’s seat from the presidency…

With a debt settlement and restructuring now behind it, Pioneer Metals (TSE) is reviewing the potential of reopening its 100% owned Puffy Lake gold mine in Manitoba. The company recently hired Kilborn…

Thermal Exploration (ASE) has reached an agreement with a syndicate led by geologists Terry Heard and Mike Duggan to acquire a 70% interest in 97,000 acres near the Lac de Gras, N.W.T., diamond discov…

Exploration is risky business. Take Calpine Resources’ famous hole 109 drilled in 1989 at Eskay Creek. International Corona later did more drilling to test this target located separate from and in a l…