CDDA to mark 50th anniversary in New Orleans
Practically everyone knows everyone in the Canadian drilling industry, and that was clearly evident at the 49th annual convention of the Canadian Diamond Drilling Association (CDDA) staged here recent…
News
Cored slim holes drilled as part of Hawaiian project
No two holes are drilled exactly alike and careful planning is the key to any hole completion, say Noble Larsen and Percy Wicklund in a paper titled “Drilling the Hawaiian scientific observation holes…
Amax exercises Piedmont option
With the payment of US$1.75 million plus one million common shares of Amax Gold (NYSE), Amax recently exercised its option to earn a 62.5% interest in the Haile property from owner Piedmont Mining (NA…
KWG drilling Horne Fault claims
A $600,000 drill program funded by KWG Resources (ME) began recently on Horne Fault Mines’ (TSE) Lavoie Lake copper property in northwestern Ontario. KWG has the option to earn a 60% stake in a 96-uni…
Comaplex settles with Swiss bank
After a 4-year hiatus, shares of Comaplex Resources (TSE) are expected to resume trading following a settlement agreement between the Calgary-based company, its major shareholder, and staff of the Ont…
Long round concept benefits productivity, Dynatec Mining
During the sinking of the Craig shaft at Sudbury, Ont., Dynatec Mining says it developed the ability to drill and blast extremely long rounds. The concept was based on the use of a single large diamet…
Beaufield acquires claims near Benoit
In return for $13,000 and 500,000 shares, Beaufield Resources (TSE) has acquired a 75% interest in three claim groups in Wilson, Verneuil and Ralleau twps., east of Quevillon, Que. Totalling 117 claim…
Merger proceeds smoothly between Homestake, Corona
The proposed merger between Homestake Mining (NYSE) and International Corona (TSE) is moving steadily toward completion, Corona President Peter Steen told shareholders at the company’s recent (and pos…
NEWS ROUNDUP (May 18, 1992)
Ontario Hydro has failed to make two payments worth about $3.2 million each for the delivery of shipments of uranium, Denison Mines (TSE) says. The mining company says Hydro has instead forwarded the …
Metal Prices (May 18, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 12 May 11 May 8 May 7 May 6 Copper 1226-1227 1235-1236 1240-1241 1231-1232 1226-…
Westray disaster threatens company’s future — Curragh on
Although Curragh Resources (TSE) will likely survive the Westray coal mine disaster in Nova Scotia, it will emerge from the wreckage with a severely damaged reputation in the eyes of investors and cre…
Methane gas always a hazard in underground coal mines
Lighter than air and colorless, methane is abundant in nature. It is the main component of natural gas and it is a common accompaniment of coal. While the gas is typically odorless, the commercial pro…