NEWS IN BRIEF (December 27, 1993)
Ashgrove Energy (ASH:ASE) has changed its name to Ashgrove Energy (ASG:ASE) on a 1-new-for-6-old-share basis.
Articles by Northern Miner Staff
Nucore, New Aegis plan Venezuelan work
A second phase of work is planned for the NCJ gold concession in east-central Venezuela. A 1993 program by owners Nucore Resources (VSE) and New Aegis Resources (VSE) focused on geochemical and geophy…
Despite obstacles Ontario attracting miners
In spite of high taxation rates, compensation costs and land tenure and access problems, Ontario is still an attractive place to mine minerals. That was the message delivered at a Mineral Development …
High River hits wide Snow Lake intercept
High River Gold Mines (TSE) has encountered significant gold mineralization on its Dunlop Snow Lake property in Manitoba. Hole HR-93-03, drilled to test the updip portion of the Birch zone at the 200-…
Cirque and Sa Dena Hes bought by Teck, Cominco
Associated companies Teck (TSE) and Cominco (TSE) each plan to acquire 25% of the Cirque and Sa Dena Hes zinc-lead properties in Western Canada. The balance will be owned by two offshore partners, Kor…
Correction (December 27, 1993)
Information on ownership of claims of Strike Minerals (CDN) and CopperQuest (CDN) was incorrectly reported in T.N.M., Dec. 20/93. The two companies staked the 5-claim blocks (35 units) in Ontario’s Fa…
Channel Res. lands W. African gold
Agreements to explore three large gold concessions in Burkina Faso gives Channel Resources (VSE) control of 5,700 sq. km of ground in West Africa. The company can earn up to a 95% interest in the SOMI…
MacGregor optimistic about mining
Mining does have a future, says longtime industry player Sir Ian MacGregor. Addressing a recent luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), MacG…
EDITORIAL PAGE — 1993 report card
This was the year the world came knocking on Canada’s mining door. Representatives from countries around the globe came to entice Canadian explorers abroad. They came for our mine-finding and mine-bui…
LATIN AMERICA — Mexico acts to encourage private mining
The Mexican mining industry has been forced to undergo a restructuring the likes of which it has never experienced, according to the Mexican Investment Board. The reorganization has been triggered by …
Spot prices at a glance (December 27, 1993)
Week’s Price (US) Change Gold* $386.40 + $0.50 Silver* $ 5.00 $0.10 Platinum* $385.50 + $0.25 Nickel** $ 2.40 + $0.05 Lead** $ 0.21 + $0.00 Copper $ 0.81 + $0.03 Zinc $ 0.45 + $0.01 Courtesy of Scotia…
Indonesian gold output on the rise
Gold is becoming an important export commodity for Indonesia. In 1992, the country’s exports of gold-ingot bar amounted to US$151.5 million, up from US$118.3 million in 1990. Add to this the value of …