NEWS ROUNDUP — Hillsborough to expand Quinsam
Negotiations allowing Hillsborough Resources (TSE) to arrange financing for a planned $14.1 million expansion at the company’s Quinsam coal mine on Vancouver Island, B.C. are well under way. The expan…
1994
Bunting retiring as TSE president
The president of the Toronto Stock Exchange will retire at the end of 1994. “I’m pleased to be leaving the exchange when it’s in such good financial condition and at a time when we have moved into a p…
Athena starts Talapoosa study
Junior Athena Gold (VSE) has retained an independent firm of engineering consultants to prepare a prefeasibility report on the Talapoosa gold-silver project in Nevada. Athena now owns all of Talapoosa…
McKenzie Break operation studied
The McKenzie Break gold project 35 km north of Val d’Or, Que., might lend itself to small-scale mining of 10,000-12,000 oz. per year. Western Quebec Mines (TSE) is evaluating the economies of such an …
NEWS ROUNDUP — Seabright lawsuit concluded
The Seabright legal case has been concluded. The Australian owners of Westminer Canada have decided not to appeal to the Supreme Court of Canada. In January, the Nova Scotia Court of Appeal upheld a r…
Canmine delineates target on Fer play
Junior Canmine Resources (CDN) has outlined a new target area on its Fer project in northern Manitoba. The target, known as the Island zone, is interpreted as lying vertically at a depth of more than …
Conference focus on Central Asia
Mining investment and trade opportunities in Central Asia will be the focus of a conference June 9-10 in Denver, Colo. Delegates from Kazakhstan, Uzbekistan, Kyrgystan and Tajikistan are scheduled to …
STOCK MARKETS — Market falls on fears of bank rate rise
Fears of a rise in the Bank of Canada rate and a subsequent 75-100-point increase in the chartered bank prime lending rate took their toll on Canadian markets during the week ended May 10. In response…
Cerro Mayal up and running
The Cerro Mayal placer gold project in west-central Argentina has entered production. The processing of gold-bearing gravel began May 4 after a couple of months of plant commissioning and technical ad…
TSE INDICES (May 16, 1994)
— 1994 — May 10 May 9 May 6 May 5 May 4 High Low Composite”300″ 4189.92 4179.13 4254.06 4259.81 4269.17 4609.93 3518.31 Metals&Minerals 3472.69 3443.65 3541.02 3520.38 3521.21 3879.59 3273.56 Integr…
Ashton encouraged at Cross
Fifteen diamond drill holes, both vertical and inclined, have been completed at the Cross kimberlite target area in the Northwest Territories and three additional holes have been drilled in the southe…
Corriente making presence felt in South America
Few juniors active in South America have managed to assemble control of an entire mining district, complete with mine, town site and mill. But such is the case with Corriente Resources (VSE), which ow…