NEWS IN BRIEF (September 20, 1993)
Anooraq Resources (ARQ:VSE) has changed its transfer agent. It is now Montreal Trust.
1993
Cazador mining BT deposit
The Keystone joint venture started open-pit mining of the BT deposit near Lynn Lake, Man., in mid-August. An estimated 25,000 tonnes of high-grade ore is now exposed. Cazador Explorations (VSE), which…
NEWS ROUNDUP — Abacus undertakes detailed sampling
On a 296-claim package in the Brookfield area of southwest Nova Scotia, Abacus Minerals (VSE) has begun detailed sampling for gold. Abacus can earn a 100% interest in the property from a private compa…
N.W.T. Diamonds — BHP-Dia Met age-date kimberlites
The age of two Lac de Gras kimberlites has been disclosed by joint-venture partners BHP Minerals Canada and Dia Met Minerals (TSE). The partners were the first to discover potentially economic diamond…
Miners marching
Miners will be marching on Washington, D.C., next month in response to predictions that there will be Congressional mining law activity. The trips are being co-ordinated with the Mineral Resources All…
COMMENTARY — Foreign ownership in Latin America
During the 1990s, control by national governments of mineral resources and operating mines in many Latin America countries will decrease markedly and the percentage owned and controlled by foreign min…
EXPLORING FOR DIAMONDS AND THE NORTH — Canadian diamond
Although the current level of diamond exploration in Canada is unprecedented, the hunt began as early as 1863 after diamonds were found in glacial drift around the Great Lakes. Exploration was sporadi…
EXPLORING FOR DIAMONDS AND THE NORTH — Kennecott makes plans
The diamond exploration team of Kennecott Canada is going ahead with a major bulk-sampling program this winter on the DO-27 kimberlite pipe discovered on claims held here by DHK Resources. Kennecott o…
EXPLORING FOR DIAMONDS AND THE NORTH — Lac de Gras venture
The diamond exploration project of Dia Met Minerals (TSE) and BHP Minerals Canada has come a long way since the original option agreement was signed in August, 1990. BHP holds the right to earn a 51% …
STOCK MARKETS — Lacklustre gold price hampers western
Gold failed to provide a bounce during the week ended Sept. 14, pausing only momentarily at the US$350-per-oz. level before slipping US$5 per oz. to the US$345 level. The 180 degree turn in sentiment …
EXPLORING FOR DIAMONDS AND THE NORTH — Flow-through offering
More than 30 mining companies with combined interests in 32 million acres of diamond exploration property across Canada have entered into share-purchase agreements with Caratax Diamond Exploration Ltd…
NEWS ROUNDUP — Soquem drills Douay prospect
The auriferous zone at the Douay property of Northern Abitibi Mining (ASE) in northwestern Quebec has been traced for more than 2,600 ft. along strike. Drilling by Soquem, the Quebec Crown exploration…