Others’ Words (May 25, 1992)
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…
1992
NEWS ROUNDUP (May 25, 1992)
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…
BCSC seeks to appeal Pezim case (May 25, 1992)
The British Columbia Securities Commission intends to ask the Supreme Court of Canada for leave to appeal a provincial court decision which recently overturned its finding that Murray Pezim and severa…
Wharf acquiring stake in Reward mine (May 25, 1992)
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…
Aber and Tyler active on diamond sample news (May 25, 1992)
Investors caught a dose of diamond fever during the week ended May 19 after BHP-Utah confirmed the existence of gem-quality stones on the Dia Met Minerals property in the Lac de Gras, N.W.T., area. Ne…
Struggling Northgate names new chairman, president (May 25, 1992)
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…
Pioneer taking another look at Puffy Lake (May 25, 1992)
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…
Noranda in deal with Chinese (May 25, 1992)
A unit of Noranda (TSE), Noranda Copper Smelting and Refining, recently reached an agreement with a Chinese agency involving the sale and transfer of reactor technology. The Noranda reactor is a conti…
Golden Star in Suriname deal (May 25, 1992)
A formal exploration and development agreement for the Gross Rosebel gold property in Suriname has been signed between Golden Star Resources (TSE) and Grassalco, the state-owned aluminum mining compan…
Thermal farms out claims in diamond play to Kennecott (May 25, 1992)
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…
MINER DETAILS; Hole 109 and the Pezim case (May 25, 1992)
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…
EDITORIAL PAGE (May 25, 1992)
A lot of people in the mining industry are suffering these days, but none more so than Canada’s diamond drillers. Known throughout the mining world as the best in the business, Canadian drilling compa…