Equinox watching as gold prices rise
The recent rise in the price of gold has made Equinox Resources (TSE) all the more hopeful that its Zenda project, near Bakersfield, Calif., can soon be brought into production. President Ross Beaty w…
1993
INSIDER TRADING — Metalore director sells before ruling
With an appeal still under deliberation for ownership of the Brookbank gold property near Beardmore, Ont., a director of Metalore Resources (TSE) has sold about a third of his stake in the company. Ac…
ODDS’N’SODS — A belated public thank-you
It was time for Gerry Lecompte to return to Val d’Or, Que., and his wallet was nowhere to be found. In order to get home, he borrowed some cash from fellow miners and a credit card from project manage…
LETTERS TO THE EDITOR — Certification would solve assay
I’m sure your report on the Alberta Stock Exchange’s concerns about the validity of gold assays coming from some U.S. laboratories had many of our Canadian commercial assayers both bemused and somewha…
BOOKS IN BRIEF — Bonus system finds new favor in mining
Metal and Industrial Mineral Mine Salaries, Wages & Benefits: 1992-93 Survey Results and Coal Mine Salaries, Wages & Benefits: 1992-93 Survey Results. Contact: Western Mine Engineering Inc., Mining Co…
DIAMOND PAGE — Diamond Fields raises $5.7 million to buy
Flush with cash from a recent private placement with First Marathon Securities and Yorkton Securities, Diamond Fields Resources (VSE) has agreed to buy a Namibian diamond producer for US$3.3 million a…
Noble Peak wins private placement
Toronto-based Noble Peak Resources (ASE) has entered an agreement with four private investors to raise $750,000. The placement comprises about $600,000 in flow-through common shares at $1.05 per share…
Orleans processing bulk sample at St-Onge
Reaching what President Jean-Guy Masse describes as a major threshold, Orleans Resources (ME) has received positive results from samples taken on its St-Onge wollastonite deposit near Lac St. Jean, Qu…
Morgain applies for Mexican incentive
Toronto-based Morgain Minerals (VSE) is one of the first Canadian juniors to apply for Mexico’s new exploration and exploitation incentive program. Under the program, the Mexican government will finan…
Noranda re-works Montanore deal
Partners Noranda Minerals (a subsidiary of Toronto-listed Noranda) and Montana Reserves (a private company) have restructured the ownership of their Montanore silver-copper property near Libby, Mont. …
Tiomin completes mineral sands tests
Laboratory-scale testing of a heavy-mineral bulk concentrate from the Natashquan deposit in Quebec has been completed, reports Tiomin Resources (TSE). Gravity, magnetic, and electrostatic separation t…
Price protection for Cyprus
A price protection program ensures that Cyprus Minerals (NYSE) will receive a minimum average sales price of about US94 cents per lb. on about 90% of its projected 1993 copper sales. The program also …