Alaskan venture plans exploration
A joint venture formed by several parties will spend US$4 million during the next two years on exploration for gold, silver, lead, and zinc near Fairbanks, Alaska. Involved in the venture are Sumitomo…
News
Copper smelter won’t be built
A copper smelter planned for Texas City, Tex., will not be constructed by Mitsubishi Materials Corp. of Japan. Estimated cost of the facility, first announced by Mitsubishi’s U.S. subsidiary Texas Cop…
B.C. projects run into government roadblocks
A war of words has broken out between the British Columbia government and two major mining companies, Fording Coal and Cominco (TSE). The disputes affect existing jobs and new economic development in …
Goldstack plans Utah drilling
Goldstack Resources (VSE) has announced that drilling will commence immediately at its Goldhill property in Utah. The first drill target will be the Kiewit prospect where surface sampling has returned…
INSIDER TRADING — Glencairn principal halves holdings
In late September, Glencairn Explorations (ASE) President Kerry Knoll sold off more than half his common share holdings in the company. According to the Ontario Securities Commission’s insider trading…
PEOPLE — PEGASUS GOLD (October 12, 1992)
Werner Nennecker appointed senior vice-president and chief operating officer. N5…
Trev makes find near Stewart, B.C.
A first-phase exploration program by Trev (ASE) has resulted in the discovery of prospective polymetallic mineralization in at least six areas of the Stewart property in northwestern British Columbia….
EDITORIAL PAGE — Petrina shoulders a big load
There is an absence of leadership when it comes to mining issues that has left the industry to flounder just at the time it needs a firm hand at the helm. The industry, probably too busy trying to sta…
MINER DETAILS — Thanks for the wakeup call
Brian Mulroney is certainly not the most admired person in Canadian politics. Regardless of his accomplishments, or lack of them, there’s something about his personality that just irritates people — …
Noril’sk rivals Sudbury in output, surpasses in grade and
More than 200 geologists from all over the world gathered in Sudbury, Ont., Oct. 3-5, to compare the world’s two largest nickel mining districts. The Noril’sk region in northern Siberia, Russia, rival…
Mazarin projecting profitable year
The president of Societe d’Exploration Miniere Mazarin (ME), Regis Labeaume, is predicting a profit of $5 million for the fiscal year ending March 31, 1993. Based on the current 27.7 million outstandi…
Chase begins drilling on Taysan
Drilling is under way on the Taysan copper-gold project in the Philippine province of Batangas. Chase Resources (VSE) has an option to acquire a 59.9% interest in the project by making a cash payment …