Others’ Words (May 25, 1992)
For several years, Canada’s mineral industry (excluding oil and natural gas) has accounted for an average of about 4.7% of Canada’s GDP, over 3% of total national employment and 18-19% of total Canadi…
News
Wharf acquiring stake in Reward mine (May 25, 1992)
The chairman of Wharf Resources (TSE) says the company had an outstanding year in 1991. “Production is up, costs are down and potential for the property is excellent,” Robert McEwen said. “Negotiation…
Struggling Northgate names new chairman, president (May 25, 1992)
Toronto-based Northgate Exploration (TSE) named a new chairman and president at its annual meeting and appointed an honorary chairman. John Kearney has moved to the chairman’s seat from the presidency…
Pioneer taking another look at Puffy Lake (May 25, 1992)
With a debt settlement and restructuring now behind it, Pioneer Metals (TSE) is reviewing the potential of reopening its 100% owned Puffy Lake gold mine in Manitoba. The company recently hired Kilborn…
Thermal farms out claims in diamond play to Kennecott (May 25, 1992)
Thermal Exploration (ASE) has reached an agreement with a syndicate led by geologists Terry Heard and Mike Duggan to acquire a 70% interest in 97,000 acres near the Lac de Gras, N.W.T., diamond discov…
MINER DETAILS; Hole 109 and the Pezim case (May 25, 1992)
Exploration is risky business. Take Calpine Resources’ famous hole 109 drilled in 1989 at Eskay Creek. International Corona later did more drilling to test this target located separate from and in a l…
Zinc continues upward movement (May 25, 1992)
Except for zinc, first-half May average metal prices continued to be swayed by ongoing uncertainty with worldwide political and economic events. Questions regarding future export levels from the forme…
Diamonds verified in Dia Met sample ignite N.W.T. play (May 25, 1992)
Gem-quality diamonds recovered from a kimberlite pipe in the Lac de Gras region of the Northwest Territories indicate that Dia Met Minerals (VSE) and BHP-Utah Mines may be sitting on Canada’s first di…
NEWS ROUNDUP (May 25, 1992)
A surface exploration program is being planned by Teck (TSE) for its recently optioned Mount Alcock project, 23 km from Ware in northern British Columbia. The major elected to exercise an option to ea…
FINANCING (May 18, 1992)
Ventex Resources Corp – 1,500,000 shs offered @ 10 cents per sh. Arlo Resources Ltd – 700,000 shs offered @ 51 cents per sh. Loumic Resources Ltd – 400,000 unit consisting of 1 sh and 2 wt @ $1.11 per…
GOLD FUNDS (May 18, 1992)
BGR Central Net Value $7.69 $5.02 Price $6.00 $4.500 Discount 21.96% 10.4% Value $45,772,000 $75,709,350…
Drilling industry caught up in a changing world
Last year when I took over the presidency of the Canadian Diamond Drilling Association, I mentioned that I was born during worst year of the Depression. It seems ironic that the past year may become k…