NEWS IN BRIEF (January 18, 1993)
Long Range Resources Ltd. (LRG:ASE) has changed its name to Sport Specific International Inc. with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is R-M Trust Co. in C…
1993
Spot prices at a glance (January 18, 1993)
Week’s Price (US) Change Gold* $327.85 – $1.00 Silver* $ 3.67 – $0.03 Platinum* $356.60 – $1.10 Nickel** $ 2.72 – $0.10 Lead** $ 0.20 $0.00 Copper $ 1.01 – $0.05 Zinc $ 0.48 – $0.00 Courtesy of Scotia…
Diamond content of kimberlite pipes governed by zoning
The tendency for kimberlite provinces to show horizontal zoning with respect to age, mineralogy and diamond content has important implications for exploration in the Lac de Gras area of the Northwest …
Hall of Fame adds 9 new members
More than 400 guests gathered recently at Toronto’s Royal York Hotel to honor nine new inductees into the Canadian Mining Hall of Fame. It was the fifth annual banquet, held to recognize the achieveme…
LATIN AMERICA — Minera Rayrock drilling hits copper
A recently completed exploration program has encountered widespread copper mineralization on Minera Rayrock’s (TSE) Sierra Valenzuela property in northern Chile. The program consisted of geological ma…
NEWS ROUNDUP — Trader releases Mikwam drill results
Vancouver junior Trader Resource (TSE) has completed three additional drill holes on its Mikwam property in the Casa Berardi area of northern Quebec. The holes tested an area of previously known miner…
Amax Gold eyes Golden Summit
A letter of intent was recently signed allowing Amax Gold (NYSE) the right to earn an interest in the Golden Summit project near Fairbanks, Alaska. Freegold Recovery (VSE), which has been exploring th…
NEWS ROUNDUP — Noranda cancels Parquet option
Noranda Exploration, a unit of Noranda (TSE), has informed Parquet Resources (ME) that it does not intend to make its next option payment of $40,000 on Parquet’s Duparquet Twp. property near Rouyn-Nor…
Orvana options Jamaican ground
A wholly owned subsidiary of Orvana Minerals (TSE) recently entered into a letter of intent with BHP Minerals International to acquire a 100% interest in that company’s Central Inlier prospect in Jama…
NEWS ROUNDUP — Ontario suffers drop in spending
Exploration and development expenditures in Ontario dropped by 31% to an estimated $300.8 million in 1992, according to the Ministry of Northern Development and Mines. General and mine-site exploratio…
NEWS ROUNDUP — Vior drilling Douay property
Three drills are active at the Douay gold property of Societe d’Exploration Miniere Vior (ME) near Joutel, Que., the company reports. Aim of the $600,000 drilling program is to increase the reserves o…
GUEST COLUMN — Claim jumping government style
In September, 1991, Michael Harcourt, then leader of British Columbia’s opposition, said: “We believe that compensation should be paid for the loss of pre-existing mineral rights in new park or wilder…