GUEST COLUMN (June 01, 1992)
Suppose for example the provincial government decided it wished to have a good selection of Emily Carr paintings in its provincial gallery and it passed legislation which permitted a committee appoint…
News
Pacific Gold sale to Westmin
A recent letter agreement provides for Westmin Resources (TSE) to acquire all of Pacific Gold’s (VSE) interest in the Debbie, Yellow and Thistle gold properties near Port Alberni, B.C. Westmin agreed …
Minnova options Ecstall’s claims adjacent to Stronsay
A work program by Minnova (TSE) will begin this month on a large land package adjacent to Curragh Resources’ Stronsay deposit in northeastern British Columbia. Minnova can earn a 60% interest in the 1…
Cuba boosts sales of nickel to West
Cuba says it has quadrupled nickel sales to western countries and it has plans to double its nickel production by the year 2000. Dependent economically in the past on the former Soviet Union (for exam…
Aber share volume heavy as staking activity continues
Diamonds proved to be a mining investor’s best friend during the week ended May 26 as a number of issues responded to the latest developments in the Lac de Gras, N.W.T., area. Since partners Dia Met M…
Stratmin restructures debts of $18 million
Montreal-based Stratmin (ME) says 75% owned Stratmin Graphite has completed the restructuring of $18 million in long-term debt owed to the Canadian Imperial Bank of Commerce. Under the restructuring, …
NEWS ROUNDUP (June 01, 1992)
Quebec Crown mining exploration company Soquem is set to begin exploration on the copper properties of Corner Bay Minerals (TSE) near Chibougamau, Que., after signing two option agreements with the To…
MINER DETAILS (June 01, 1992)
Eat my words? Not quite, but I’ve spent a lot of time recently explaining my opinion on diamond exploration, particularly in light of the promising results of a bulk sample from the Lac de Gras diamon…
LETTERS TO THE EDITOR (June 01, 1992)
To say that diamonds are virtually worthless is a gross misrepresentation of the facts (“Diamond find won’t help mining,” T.N.M., April 20/92). Yes, synthetic industrial diamond production exceeds nat…
Silver Glance negotiating for fluorite project financing
Management of Silver Glance Resources (VSE) is involved in early-stage negotiations with an undisclosed sponsor to raise about $20 million to continue advancing its fluorite deposit in La Paz Cty., Ar…
METAL PRICES (June 01, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 26 May 25 May 22 May 21 May 20 Copper 1221-1222 N/A 1231-1232 1225-1226 1218-121…
Work planned on Orvana ground
Work commitments are in place for three British Columbia properties under option from Orvana Minerals (VSE). Placer Dome (TSE), which is earning a 70% interest in the Motherlode and Thimble Mountain p…