PEOPLE — DUAL RESOURCES
David Tremain appointed president.
1993
Second rig moved to DHK ground
Following the release of further encouraging results from the Tli Kwi Cho kimberlite pipe in the Northwest Territories, partners DHK Resources and Kennecott Canada have moved a large-diameter (6-inch)…
Study deems Redfern’s Tulsequah economic
The Tulsequah Chief massive sulphide deposit in northwestern British Columbia has been deemed economic in a pre-feasibility study. Redfern Resources (TSE), which owns the project, hired Tonto Mining t…
Rio Algom posts profits for 33rd consecutive year
Last year marked the 33rd consecutive year of profits and dividends for Rio Algom (TSE). In 1992, the company posted a net profit of $39.4 million on revenues of $1.03 billion. At the annual meeting i…
Bruneau Minerals drills kaolin play
Two parallel kaolinite zones have been discovered by Bruneau Minerals (ME) on its De Salaberry Twp. property, 120 km northwest of Montreal. The zones were delineated by magnetic and electromagnetic (V…
Equity Silver looks to future
With its operation near Houston, B.C., winding down, Equity Silver Mines (TSE) does not expect to continue as an operating mining concern after current reserves are depleted. Formerly an open pit, Equ…
Cassiar still haunts Princeton
Cassiar Mining, put to rest by bankruptcy last year, has come back to haunt former owner Princeton Mining (TSE). The trustee in bankruptcy of Cassiar (and subsidiary San Antonio Gold) served Princeton…
COMMENTARY — Choosing gold equity stocks
Gold equity markets throughout the Western world have all recorded strong performances since the inauguration of U.S. President Bill Clinton in mid-January. Leaving aside the reasons for our current b…
Cumberland buys Asamera ground
A purchase agreement has been signed between Cumberland Resources (VSE) and Asamera Minerals (now wholly owned by Gulf Canada Resources) for property interests in the Northwest Territories. The proper…
Gibraltar earnings decline slightly
Although 1992 pre-tax earnings for Gibraltar Mines (TSE) increased over 1991 levels, higher income taxes as a result of non-deductible items resulted in lower net earnings. Gibraltar made $3.1 million…
Wrightbar options lithium property
Wrightbar Mines (ME) has optioned three lithium properties in northeastern Quebec from Abitibi Lithium Corporation, a private company in Val d’Or, Que. Abitibi will receive $25,000 in cash, 2.2 millio…
NEWS ROUNDUP — Prairie Creek drilling
Step-out drilling at the Prairie Creek project in the Northwest Territories continues to return massive sulphide zinc-lead-silver mineralization. San Andreas Resources (VSE), currently earning a 60% i…