NEWS ROUNDUP — Noble Peak secures funding
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…
1993
EDITORIAL PAGE — A passing grade
“There’s a bad perception about the Exchange out there, and I believe this will cure some of that.” That is how Vancouver Stock Exchange Chairman Brian Harwood recently explained an investigation — i…
DIAMOND UPDATE — Pure Gold faces lawsuit from Loumic
Legal action has been brought against Pure Gold Resources (TSE) by Loumic Resources (VSE), which claims to have interests ranging from 6.5%-16% in four of Pure Gold’s properties in the Northwest Terri…
JUNIOR MINING — Bright outlook for N.W.T. exploration
Exploration activity may be on the wane in most parts of Canada, but not in the Northwest Territories. Canada’s North has been abuzz with activity in recent years, although much of it relates to signi…
JUNIOR MINING — Other indicators prove useful in diamond
Although much has been said about the use of “G10” garnets as a indicator of diamond potential, two lesser known geochemical techniques are also effective diamond exploration tools. Nickel thermometry…
JUNIOR MINING — Drilling contractor delivers kimberlite
An active player in the process of providing kimberlite core and bulk samples to mining concerns investigating kimberlite anomalies is Calgary-based S D S Drilling Ltd. The drilling contractor is invo…
JUNIOR MINING — Helicopter-borne magnetics help in northern
Helicopter-borne geophysical surveying for kimberlites in the Northwest Territories has been remarkably successful. The thin or non-existent glacial cover and the highly resistive bedrock are ideal co…
JUNIOR MINING — Base metal search in New Brunswick
Mineral exploration in New Brunswick will be dominated by major companies in 1993 and will be almost exclusively directed towards discovery of base metals. Noranda Exploration, Brunswick Mining and Sm…
JUNIOR MINING — Quebec mining industry optimistic
Quebec’s mining industry should profit from this year’s projected moderate growth of the world economy. With the forecast increase in mineral consumption in 1993, the total value of mineral shipments …
JUNIOR MINING — Alaska offers opportunities for exploration
Native land claims settlements coupled with a government campaign to encourage mining are providing fresh opportunities for exploration companies in Alaska. Environmental constraints remain, however. …
JUNIOR MINING — Oversupply and low prices sting chromium
It was not a great year for the chromium industry in 1992, which was characterized by oversupply and declining prices for chromite ore and ferrochromium. The price of high-carbon ferrochromium in the …
JUNIOR MINING — British Columbia exploration in a trough
Exploration expenditures in British Columbia continue to decline. The major companies at least have a barrage of claims from which to choose and the ready cash to hold tight until political prospects …