NEWS ROUNDUP — Phelps drops Curator’s DSA
After completing three holes of a planned 8-hole program on the DSA property in Idaho, Phelps Dodge has dropped its option. The company had the right to earn a 51% interest from International Curator …
News
CIM meeting features Turkish copper project
The international exploration manager for Cominco Resources International will address members of the Vancouver branch of the Canadian Institute of Mining, Metallurgy and Petroleum. Jon Collins’ speec…
THE DIAMOND PAGE — DHK-Kennecott predicts kimberlite by
“Kimberlite by Christmas and results by spring” is the stated goal of the partners involved in a major bulk test of a kimberlite pipe in the Lac de Gras region of the Northwest Territories. George Ste…
Coniagas group of companies merged
Four companies have amalgamated into a new corporation called QSR. The companies involved are Quebec Sturgeon River Mines (TSE), The Coniagas Mines (TSE), Anglo Dominion Gold Exploration (TSE) and Gar…
IN BRIEF — Fibre-Klad acquires gold property
Calgary-based Fibre-Klad Industries (ASE) has acquired 15 claims near Damoti Lake, about 220 km northwest of Yellowknife, N.W.T. The 11,126-hectare property was acquired through the issuance of 82,477…
Princeton to eliminate debt
Debenture-holders have approved a restructuring plan for Princeton Mining (TSE), thereby paving the way for the company to eliminate its long-term debt. Holders of the company’s $12 million in convert…
Bridger-Teck dispute scheduled for 1994
A lawsuit launched in 1990 by BDG Pacific Resources (VSE) against Teck (TSE) has been scheduled for trial on Sept. 19, 1994. BDG Pacific, formerly Bridger Resources, alleges that Teck breached an agre…
Dundee increases interest in Black Hawk Mining
In a private transaction, DCC Equities, a wholly owned subsidiary of Dundee Bancorp (TSE), has acquired an additional 10.6 million common shares of Black Hawk Mining (TSE). It now holds a 36.9% intere…
NEWS ROUNDUP — Keylock exploring in Slovak Republic
Exploration is scheduled to begin soon on Keylock Resources’ (ASE) property in the Slovak Republic. The program will assess the gold-silver potential of a large, Tertiary-aged cauldera complex. Accord…
Nebex IP survey on Yellowknife projects
Having completed several drill holes on its 5,300-acre Northbelt gold property, near Yellowknife, N.W.T., Nebex Resources (ASE) is conducting induced polarization (IP) surveys. The surveys are being c…
IN BRIEF — Tanqueray acquires Montana property
Tanqueray Resources (ASE) has acquired the mineral rights to a 2,000-acre garnet property in Montana. Preliminary geological studies have established a resource of more than 250,000 tons of salable al…
Teck discovery enhances Williston Lake project
Toronto-listed Teck has intersected a zone of stratabound zinc and lead mineralization at the Driftpile property in the Williston Lake area of eastern British Columbia. Ten holes from the 13-hole summ…