PEOPLE — CONSOLIDATED CAPROCK
Peter Tsaparas appointed president/director; Rick Gill, and Fotios Kandianis appointed directors.
News
PEOPLE — BREAKWATER RESOURCES (July 06, 1992)
Russell Alley appointed president and chief operating officer; Roy Shipes appointed chairman and chief executive officer; Allen Palmiere, Robert Buchan and Eugene McBurney appointed directors.
Juniors raise cash for diamond hunt
As a crew from Aber Resources (TSE) started ground checking geophysical targets on the Diavik joint venture property at the end of June, two other juniors arranged financing for diamond projects in th…
Formation acquires massive sulphide
Several major mining companies are reported to have expressed an interest in the Black Pine copper-cobalt-gold massive sulphide project recently acquired by Formation Capital (VSE) in the Blackbird mi…
Drilling program under way at Prairie Creek in N.W.T.
A 10,000-ft. drilling program is under way on the Prairie Creek property in the Northwest Territories, an advanced mine project recently acquired by San Andreas Resources (VSE). The property, develope…
LATIN AMERICA — Joutel in Cuban negotiations
Toronto-based Joutel Resources (TSE) has signed a letter of intent with the government of Cuba to acquire four tracts of land each covering about 1,600 sq. km. While negotiations with the Cuban govern…
Noranda gives debt notice
Resources giant Noranda (TSE) has given notice to the Ontario Securities Commission and the U.S. Securities and Exchange Commission in Washington, D.C., that it may issue new debt during the next two …
Skeena and Trillion identify three targets on African permit
Partners Skeena Resources (VSE) and Trillion Resources (ASE) say they have identified three gold targets on their 3,300-sq.-km permit in Ivory Coast. Working in conjunction with joint venture partner …
US$8-million deal for Jones Hill
A work program to include at least 10,000 ft. of diamond drilling is under way on the Jones Hill property in New Mexico, a volcanogenic massive sulphide project acquired earlier this year by Champion …
Better grade, but diamond players’ steep climb slips
Analysts responded favorably to recent news about the quality of diamonds discovered by partners BHP-Utah Mines and Dia Met Minerals (VSE), saying they gleaned valuable information from the release by…
EDITORIAL PAGE — Disclosure on diamonds
In the past three months, the market value of Dia Met Minerals has increased to $17 from $7; that of Aber Resources has gone from 25 cents to $2.25 and SouthernEra Resources has soared to over $2 from…
LETTERS TO THE EDITOR — Saskatchewan’s enviable record
The article “Enviable Ontario safety record” (T.N.M., June 22/92) raises some important points regarding joint responsibility between labor and management to upgrade mining health and safety. Without …