More zones uncovered at Sulphurets
At least 16 new zones requiring follow-up exploration were identified by Newhawk Gold Mines (TSE) during this year’s surface exploration program on the Bruceside project at the Sulphurets property in …
1992
Minnova options prospects in Coronation Gulf area
A recent option agreement with Continental Pacific Resources (VSE) sets the stage for Minnova (TSE) to acquire a 60% interest in two polymetallic mineral properties in the Coronation Gulf area of the …
Indicator minerals aid in search for diamonds
(Second of a 3-part series) Using surface geochemical sampling, Dia Met Minerals (VSE) followed a 700-km-long trail of indicator minerals for five years in the Northwest Territories until it made the …
Flag drilling
Calgary-based Flag Resources (ASE) is drilling a “large geological structure” on the southern boundary of the Wanapitei anomaly in Rathburn Twp., near Sudbury, Ont. Flag also plans to drill a 5,000-ft…
Yellow Point drops venture
A joint venture agreement allowing Yellow Point Mining (VSE) to earn an interest in the Kasperske Hory gold deposit in Czechoslovakia was recently terminated. Yellow Point President Thomas Tough said …
NEWS ROUNDUP — Formosa finalizes financing
The terms of a financing agreement were settled between Formosa Resources (VSE) and its major shareholder, respecting the US$2.09 million advanced to Formosa for ongoing operating expenses. The compan…
Ontario gives grants for research, cleanup
Three environment-related research and cleanup projects will receive grants from Ontario’s Ministry of Northern Development and Mines. The ministry will contribute $15,000 to Falconbridge Ltd.’s study…
EDITORIAL PAGE — Constitutional wrangling
The constitutional referendum is past but not forgotten. In the days following the vote, the economy seems destined to become the favored topic, but mark our words, the constitutional debate may be ta…
Lytton in the spotlight
An aggressive foray into diamond exploration in Canada’s North is providing a new focus for Lytton Minerals (TSE), which earlier this year was a semi-dormant junior with a stock price below a dime. Th…
NEWS ROUNDUP — Bridger proceeds with lawsuit
A lawsuit filed against Teck (TSE) by Bridger Resources (VSE) is proceeding in the Supreme Court of British Columbia at the examination-for-discovery stage. The statement of claims alleges that Teck a…
NEWS ROUNDUP — Champion Bear exploring property
Calgary-based junior Champion Bear Resources (ASE) has acquired a 100% interest in the Swimit gold prospect in McAree Twp., 25 miles east of Dryden, Ont. The property, with two patented and 143 unpate…
UN seminar
The United Nations Department of Economic and Social Development will host an international seminar Feb. 15-19, 1993, in Harare, Zimbabwe. The seminar is intended to produce guidelines for the develop…