Windy, Cochise to drill at MacLeod
Exploration will resume on Windy Mountain Explorations’ (ASE) MacLeod Lake polymetallic property in northern Quebec following the closing of a $335,000 private placement at 59 cents per share. Windy s…
News
Court backs plan by Horsham to take Clark Oil public
A Delaware court has granted Missouri oil refiner Clark Oil & Refining the right to proceed with a US$100-million initial public offering of common shares, despite opposition from minority shareholder…
LATIN AMERICA — Even optioning property in Chile
An option agreement to acquire, subject to regulatory approval, a 100% interest in the Inca de Oro project in Chile, in the province of Chanaral, has been acquired by Even Resources (VSE). The gold pr…
Rayrock reducing Discovery interest
The interest of gold producer Rayrock Yellowknife Resources (TSE) in oil and gas producer Discovery West Corp. will be reduced to 39.6% (on an undiluted basis) from 47% following completion of an offe…
LETTERS TO THE EDITOR — Rio Algom retains St. Philips
Your article “Rio not funding Kemess work, partners consider alternatives” (T.N.M., June 29/92) may create a misleading impression that Rio Algom has no further interest in the South Kemess project. N…
Louvem to move Louvicourt stake into new company
In a bid to pave the way for financing of the Louvicourt Twp. copper-zinc deposit, Toronto-based Noranda (TSE) is spinning out a new company to shareholders of 52% owned Societe Miniere Louvem (TSE). …
LETTERS TO THE EDITOR — Geoscience Canada `educates’ laymen
In the column “Geologists adapt to changing times” (T.N.M., June 15/92), Patrick Whiteway highlighted some of the difficulties The Geological Association of Canada (GAC) currently faces. The column co…
Cassiar deal not sewn up yet
Financing for the purchase of the Cassiar asbestos mine in northern British Columbia is proving elusive for Black Swan Gold Mines (TSE). Black Swan had reached an agreement with Arthur Andersen, the m…
Onitap negotiates reverse takeover with Red Oak
An agreement-in-principle has been reached for a reverse takeover of Onitap Resources (TSE) by private company Red Oak Resources of Calgary, Onitap reports. Onitap plans, subject to shareholder and re…
Dia Met’s diamond pipe may be one of several — (Part three
Kimberlite pipes are uncommon but they rarely occur singly. If one is discovered, there will almost certainly be others in the vicinity. The pipes form patternless clusters seemingly devoid of any geo…
KWG to pay $1.3 million for Thierry copper-nickel mine
An option agreement to acquire a 100% interest in the former Thierry copper-nickel mine and mill complex at Pickle Lake, Ont., has been entered into by KWG Resources (ME) with Etruscan Enterprises (VS…
Cominco defers smelter decision
More tests will be required before management of Cominco (TSE) is able to make a decision whether to modify and restart its QSL lead smelter at Trail, B.C., or convert to a Kivcet plant. The company’s…