Cream Silver ponders claims appeal
A recent court ruling that Cream Silver Mines (VSE) is not entitled to compensation for the expropriation of its Strathcona Park claims may be appealed to the Supreme Court of Canada. President Frank …
1993
Leahy defends potential of Kirkland Lake area
Ontario prospectors found themselves defending the Kirkland Lake diamond play against an onslaught of negative commentary at a recent short course presented by the Prospectors and Developers Associati…
San Andreas ups project reserves
San Andreas Resources (VSE) has updated preliminary reserves at the Prairie Creek project to about 3.2 million tons grading 13.4% lead, 15.6% zinc and 6.2 oz. silver per ton. San Andreas can earn a 60…
Moneta to drill at Godfrey Twp.
Drilling will resume in Godfrey Twp., near Timmins, Ont., where Falconbridge intersected a 1.5-metre interval grading 82.2 grams gold per tonne at a depth of 115 metres. Under an agreement with Falcon…
EDITORIAL PAGE — Curragh’s decline
For Curragh Resources, the Westray coal mine in Nova Scotia was to have been a cash-flow buffer when its Faro, Y.T., operations inevitably suffered through price troughs in zinc and lead. Westray, ins…
COMMENTARY — Capital investment dips, manufacturers ponder
It is cash flow that ultimately pays for construction, equipment and the acquisition of new machinery that, in turn, enable companies to expand production and grow. In manufacturing, there is an 18-mo…
Sigma catches its second wind
There is a blight on the famed gold belt of northern Quebec and northern Ontario. There are too many miners and too few jobs. This is not news to anyone who knows the region; it has been a fact of lif…
LaRonde yields high-grade ore
Ongoing exploration of the 20th level of the LaRonde gold mine, near Val d’Or, Que., is yielding encouraging results. Drilling about 3,000 ft. east of the main shaft along the exploration drift, Agnic…
Cambior proposes a rights plan
Shareholders of Cambior (TSE) will vote at the May 6 annual meeting on a rights plan designed to protect them in the event of a hostile takeover bid. Shareholders would be issued rights entitling them…
PEOPLE — MARLAT RESOURCES (April 12, 1993)
Sakwinder Narwal appointed president and director; Nanuk Warman and Sterling Klein appointed directors. N5…
PEOPLE — GALLEON MINING
Victor Jung appointed director. N5…
Homestake seeking buyer for Golden Bear gold mine
In light of low gold prices, Homestake Mining (NYSE) has decided against financing expansion of the Golden Bear open pit in northwestern British Columbia. Expansion of the pit, operated by North Ameri…