1993


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…




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…


New contract to lower costs at Florida Canyon

A new mining contract at the Florida Canyon mine owned by Pegasus Gold (TSE) is expected to lower costs by about US$25 per oz. Mining at the open-pit, heap-leach gold mine near Winnemucca, Nev., is co…


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…


Chase releases first Taysan assay

Assay results for the first hole of a continuing drilling program on the Taysan copper project in the Philippines returned a number of better than average copper values. Chase Resource (VSE) has an op…


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