Dia Met outlines plans for Lac de Gras sampling
A long-awaited summary of Dia Met Minerals’ (TSE) diamond exploration plans for the Northwest Territories was released recently. As previously reported, Dia Met and partner BHP Minerals Canada will bu…
News
EDITORIAL PAGE — Opening up the north
Times are a-changing for everyone. What used to be considered the frontier lands of northern Canada have today been, if not tamed, then slightly subdued by civilization. Political events both at home …
Treminco acquires option on greenstone belt claims
Vancouver-based Treminco Resources (TSE) has acquired 28 square miles of claims within the Yellowknife greenstone belt in the Northwest Territories through staking, transference of mineral rights and …
Hemlo Gold drill program planned for Kli Yul prospect
Based on last year’s exploration results, Hemlo Gold Mines (TSE) will drill five holes totalling between 1,640 and 2,460 ft. on the Kli Yul property, held 55% by Vital Pacific Resources (VSE) and 45% …
Flag Res. drills at Wanapitei
A deep hole to test the centre of the western magnetic peak of the Wanapitei anomaly near Sudbury, Ont., is under way, reports Flag Resources (ASE). Flag has a 100% interest in 26,000 acres covering t…
Mobrun fire
A fire that broke out last month in the headframe of the Mobrun mine shaft near Rouyn-Noranda, Que., will cause a delay of about two months in the exploration and development program on the 1100 lens,…
GOLD FUNDS (March 08, 1993)
Gold Funds as of Mar. 2 BGR Central Net Value $8.75 $4.92 Price $6.88 $4.65 Discount 21.46% 5.5% Value $49,032,000 $78,232,995…
Correction (March 08, 1993)
Contrary to what appeared in an earlier story (T.N.M., Mar. 1/93), Kalrock Resources (ASE) and a private company controlled by Laurasia Resources (TSE) plan to amalgamate, subject to shareholder and r…
Homestake projects 1996 startup for Eskay Creek
By July of this year, the Canadian unit of Homestake Mining (NYSE) expects to submit an application to government for permission to build a mine at the Eskay Creek project, north of Stewart, B.C. “We …
MSV makes Chibougamau mining plans
The mining assets of Westminer Canada, including the Copper Rand and Portage mines and the 3,000-ton-per-day concentrator in Chibougamau, Que., have been purchased by MSV Resources (ME), which wants t…
EDITORIAL PAGE — Time to call it a day
We may never know what finally persuaded Prime Minister Brian Mulroney to announce his resignation, but we hope it had nothing to do with the current languishing conditions of the mining industry. Fir…
STOCK MARKETS — Diamond, gold players keep western markets
A number of issues posted gains on western markets during the week ended noon, March 3. Trading interest was once again triggered by diamond and gold exploration in the Northwest Territories, as well …