Lac options Canadian properties
Long known for its large-scale projects in South America, Lac Minerals (TSE) has broadened its focus and resumed exploring for orebodies in Canada. First indications of this change were evident when L…
1994
Scintilore planning to raise funds with placement
Toronto-listed Scintilore Explorations is hoping to raise $600,000 through a private placement. The placement, which has yet to be approved by regulators, would consist of 600,000 shares at $1 a piece…
Southern Copper spins diamond interest
Cobre Sul Mineracao, the Brazilian diamond exploration subsidiary of Southern Copper (VSE), will be spun off into a separately traded company. Southern Copper believes shareholder value and access to …
William negotiates Bharti acquisition
Montreal-based William Resources (ME) has negotiated a deal to acquire Bharti Laamanen Mining for $4 million. William plans to issue $3 million worth of common shares (3.5 million shares at 85 cents p…
Bolivian mining potential lures Canadian companies
Ross Beaty, former president of Equinox Resources, is back in action with a new junior company, Da Capo Resources (VSE), focused exclusively on Bolivia. “This is a country with strong mining tradition…
EDITORIAL PAGE — Inflated expectations?
It isn’t surprising that people are perplexed over a resurfacing of inflation, as reported in the general press. Talk of inflation befuddles the average Canadian because, according to the official sta…
Casa Berardi operating again
A localized ground fall at the Casa Berardi mine in northwestern Quebec has claimed the life of a driller. Marco Germain, an employee at the mine since 1988, is survived by his wife and two children. …
Rio metals unit
All North American service centre and metals distribution activities managed by Rio Algom (TSE) will be consolidated into a new entity called North American Metals Distribution Group. The group will c…
Silver Standard, Regeena team up
Junior Regeena Resources (VSE) can earn a half interest in the Pine Grove property from Silver Standard (VSE). Teck (TSE) spent US$2.2 million on the property, situated in Nevada, outlining a geologic…
Kinross Gold to build new tailings plant in Zimbabwe
International gold producer Kinross Gold (TSE) plans to build a $4.5-million tailings retreatment plant at its Blanket mine in Zimbabwe. The 3,500 tonne-per-day (tpd) carbon-in-leach facility will be …
NEWS ROUNDUP — Deak revises production forecasts
Exploration and development at the Kerr mine, near Virginiatown, Ont., have enabled Deak Resources (TSE) to upgrade production forecasts for the remainder of 1994. The mine is now expected to produce …
NEWS ROUNDUP — Ecuadorian drills two properties
Drilling is planned or in progress on two gold properties held by Ecuadorian Minerals (ASE) in Ecuador. On the Gaby property, a second phase of work has begun, consisting of 23,000 ft. of diamond dril…