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…
1993
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…
PEOPLE — YELLOWJACK RESOURCES
Carey Mantei appointed director.
STOCK MARKETS — Market steady despite news about gold,
Despite a dip in the price of gold and disappointing results from the group of Northwest Territories diamond explorers, the Vancouver Stock Exchange remained little changed during the week ended Jan. …
NEWS ROUNDUP — CanTung amalgamation approved
Shareholders of Canada Tungsten Mining, Canamax Resources and Minerex Resources approved an amalgamation plan at special meetings held recently in Toronto. With court approval also in hand, the compan…
Avocet continues work at Penjom
Drilling and trenching are continuing at the Penjom gold property owned by Avocet Ventures (VSE) in Malaysia. The company reports that trenching extended the strike length of a previously identified g…
Ecstall acquires six new prospects
Six new massive sulphide prospects were acquired by Ecstall Mining (VSE) in the northern Kechika Trough of northeastern British Columbia. All six “sedex” massive sulphide properties are underlain by t…
PROFILE — Falconbridge’s Pugsley clearing obstacles to
At the northern tip of Quebec’s Ungava Peninsula, the Raglan project is under vigorous study by owner Falconbridge Ltd. “Raglan has the potential to replace the decline in our ore reserves elsewhere a…