Royal Oak halts ERG negotiations
Negotiations have been terminated and will not be resumed regarding the purchase of the processing facility of ERG Resources Inc. in Timmins, Ont., Royal Oak Mines (TSE) reported. Royal Oak said it wa…
1992
New Canamin drilling focuses on high-grade copper core
A drilling program at the Huckleberry property under option to New Canamin Resources (VSE) continues to return excellent copper values. The company is proceeding with a second-phase drilling program t…
Goldex paying $2.05 million for Goldex Extension interest
A member of the Agnico-Eagle Mines (TSE) group of companies, Goldex Mines (TSE), has agreed to pay Montreal-based junior Ormico Exploration (ME) $2.05 million for its 40% interest in the Goldex Extens…
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…
Nova-Cogesco offer
An offer to purchase 3.3 million common shares of Nova-Cogesco Resources (TSE) by NCG Acquisition has been extended to Nov. 9 from Oct. 30. NCG, an affiliate of Hughes Lang (VSE) and Orofino Resources…
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…
PEOPLE — LAYFIELD RESOURCES (November 09, 1992)
Christopher Jennings appointed director.