Teck to cancel Montgay option
Following a small drilling program on the Montgay property about 55 km northeast of Val d’Or, Que., Teck (TSE) indicated its intention to terminate the option, William Resources (ME) reports. Previous…
Articles by Northern Miner Staff
Virginia funding
Virginia Gold Mines (ME) says it has completed two private placements worth a total of $326,000 with Marleau Lemire Securities Inc. ($150,000) and eight officers of Virginia ($176,000). The placements…
Inco office workers opt for underground jobs
Sixteen Inco (TSE) office workers, including five women, have volunteered to be in the first group to attend the company’s mining school on March 1. Last December, Inco announced that 86 office staff …
Metals sub-index edges up slightly
The metal and mineral sub-index of Scotiabank’s commodity price index edged up slightly in December, after a sharp decline in November. However, market conditions in early 1993 remain soft. In Japan a…
Wye cuts gold at Saganaga Lake
Recent drilling by Wye Resources (CDN) on its Saganaga Lake property 85 miles west of Thunder Bay, Ont., has encountered further gold mineralization. Three holes totalling 500 ft. were drilled in Dece…
Canarc plans Polaris-Taku work
With the purchase of 94% of the outstanding shares in Suntac Minerals (VSE) now complete, Canarc Resource (VSE) is reviewing financing alternatives for further exploration and development work at the …
Correction (March 01, 1993)
BHP Minerals has the right to earn a 51% interest in three properties held by X-Cal Resources (TSE) near the Pipeline gold discovery in Nevada by spending a total of US$2.4 million on exploration over…
Pacific Talc continues tests
With a processed 150-tonne bulk sample of talc product on hand, Pacific Talc (VSE) is proceeding with further proprietary processing to produce a wettable talc pigment for large-scale testing by three…
Raymor tests La Motte sample
A preliminary study by the Centre de Recherches Minerales in Quebec City on a sample from a lithium property in La Motte Twp. near Val d’Or, Que., determined that the best concentration process is flo…
Kingswood acquires pair of prospects
Kingswood Resources (ASE) reports acquiring a 100% interest in two gold properties west of Timmins, Ont., both covering the western extension of the Destor Porcupine Fault zone. The Cripple Creek prop…
THE CANADIAN ECONOMY IN 1992
In 1992, Canada’s Gross Domestic Product (GDP) grew by an estimated 1.2%. This was a very modest gain in light of the reduced economic output that was recorded in each of the two previous years. Throu…
TSE SHORT POSITIONS (February 22, 1993)
Semi-monthly reports as of Jan. 31, showed 51,149,175 shares of 567 issues compared with 38,018,192 shares of 571 issues on Jan. 15. Larger individual positions included: Adex Mng. 0, down 71,500; Ame…