Gibraltar, CAW reach agreement
A new collective agreement covering operations at the Gibraltar open-pit copper mine near McLeese Lake, B.C., has been signed by Gibraltar Mines (TSE) and Local 3018 of the Canadian Auto Workers Union…
1993
Stroud drilling extends Creek zone
Two holes drilled by Stroud Resources on its Hislop gold property near Timmins, Ont., have encountered additional mineralization in the Creek zone. Hole 251 encountered 0.12 oz. gold per ton over 6.2 …
Giant Bay moves on Montanore
The acquisition of a private U.S. company will give Giant Bay Resources (TSE) an option on a 45% interest in the huge Montanore copper-silver deposit in northwestern Montana. Giant Bay has agreed in p…
COMMENTARY — Pipes susceptible to erosion
Kimberlites and lamproites were intruded through the Earth’s crust over a wide variety of ages. Not surprisingly, they have all experienced some degree of erosion. In Botswana, a thick cover of windbl…
LETTER TO THE EDITOR — Make your mining views known
We should think back during the past four years and count the number of times we have cursed all levels of government for the lack of support shown to mining. The dire situation we face in virtually e…
Adrian commissions Petaquilla study
Adrian Resources (VSE) has retained Kilborn Engineering to carry out a study of the Cerro Petaquilla concession in Panama. The study will enable Teck (TSE) to decide whether or not to participate in t…
Altai confirms surficial gold zones at Peru deposit
A field program by Altai Resources (TSE) on its Rio de Oro property in north-central Peru has confirmed the presence of a high-grade surficial gold deposit amenable to open-pit mining. Four gold-beari…
NEWS ROUNDUP — Aurizon, Cambiex detect anomaly
An anomaly has been detected on the east-central part of the Dormex gold property of Aurizon Mines (TSE) and Cambiex Exploration (ME) which surrounds the Sleeping Giant mine near Amos, Que. Close to b…
TSE SHORT POSITIONS (October 11, 1993)
Semi-monthly reports as of Sept 15 showed 76,538,373 shares of 760 issues compared with 75,759,200 shares of 729 issues on Aug 31. Larger individual positions included: Aber 134,000; Agnico-Eagle 91,1…
Arimetco, Breakwater settle accounts
The recent settlement of all amounts owed to Arimetco International (TSE) by Breakwater Resources (TSE) will result in the cancellation of receivables totaling about $5 million. In return for cancelin…
STOCK MARKETS — Diamonds lose lustre, yet indexes gain
Despite a general downturn among diamond issues and a stable gold price at the US$355-per-oz. level, both the Vancouver Stock Exchange resource and composite indexes gained ground. During the period e…
Canmine drilling hits new zone
A zone of alteration with massive sulphide mineralization has been intersected on the Fer property in northern Manitoba, reports Canmine Resources (CDN). The new zone, termed the Prism, is on the Coll…