1992 — A LOOK BACK — Calendar of events
September, 1991: BHP Minerals Canada (then BHP-Utah Mines) options a 51% interest in the claim blocks of Dia Met Minerals (TSE) in the Northwest Territories by funding exploration and a mine feasibili…
News
1992 — A LOOK BACK — Project owners in B.C. experience
Several advanced mineral projects moved forward in British Columbia in 1992, while others were put on hold to await better financing conditions, or were placed in regulatory limbo by government decree…
Tiomin completes share placement
A private placement of two million special warrants has been completed by Tiomin Resources (ME). Upon clearance of a final prospectus, the two million special warrants will be exchanged for two millio…
INSIDER TRADING — Jennings sells Aber shares
A director of Aber Resources (TSE) was a seller recently of some of the company’s shares. According to the Ontario Securities Commission’s OSC Bulletin, on Nov. 13, the day after the Aber-Commonwealth…
1992 — A LOOK BACK — New U.S. mining projects
Several projects in the U.S. came on stream last year. Marking its third producing property, USMX (NASDAQ) brought its Yankee mine into production by pouring gold on June 24. The Yankee operation, nea…
1992 — A LOOK BACK — Placer ponders `super pit’ for Dome
Having completed an extensive surface exploration program at the Dome mine, Placer Dome (TSE) is now evaluating the possibility of creating a “super pit” on the gold property at Timmins, Ont. The prop…
1992 — A LOOK BACK — Westray inquiry postponed
In the early hours of May 9, a gas explosion that left behind lethal concentrations of methane ripped through the Westray coal mine, killing 26 miners. After the blast, rock fall obstructed access int…
EDITORIAL PAGE — The overseas look
More than a few words come to mind when trying to describe the past year, but two in particular — cutbacks and globalization — seem appropriate in trying to capture the flavor of 1992. At first glan…
Crown drops Kettle River
Disappointing operating results and a poor forecast prompted Crown Resources (TSE) to withdraw from the Kettle River joint venture in northeastern Washington state. The project originally went into pr…
1992 — A LOOK BACK — Cambior active in northwestern Quebec
Val d’Or, Que.-based Cambior (TSE), which is developing another gold property in northwestern Quebec, recently announced its involvement in a pair of underground exploration base metal programs in the…
A MINE-FINDER’S GUIDE TO THE LATEST IN GEOPHYSICS
While compiling the material for this annual review article — my first such effort since Dr. Peter Hood’s retirement last year — I had the opportunity to discuss the status of mineral exploration in…
GREENLAND FLASHES THE GREEN LIGHT
In Greenland, a part of the Kingdom of Denmark, the red carpet has been rolled out for explorationists. Corporate tax structures have changed for the better, production under the new rules should foll…