1992


Study supports plan to develop fluorite property

Based on the findings of an interim report by Kilborn Engineering, Silverspar Minerals (VSE) reports that its Silver District fluorite-silver property in La Paz Cty., Ariz., has the potential to be an…


N.W.T. increase in exploration first in 4 years

Exploration spending in the Northwest Territories is expected to exceed $35 million in 1992, representing an increase of 27% over 1991 and the first increase in four years, predicts the N.W.T. Chamber…


Uranerz resumes drilling for Saskatchewan diamonds

Drilling is under way on the Fort a la Corne diamond property 40 miles east of Prince Albert, Sask., report partners Uranerz Exploration and Development and Cameco (TSE). The 1992 program will follow …



NEWS ROUNDUP — Greenstone raises project funds

A $5.5-million equity financing involving European institutional investors was completed recently by Greenstone Resources (TSE). The financing, part of a larger offering, was arranged by Middlefield I…



MINER DETAILS — North entering post-colonial era

This November, 17,000 Inuit of the Eastern Arctic are expected to ratify a land claim tied to the creation of Nunavut, a vast territory covering 772,000 square miles to be carved out of the Northwest …


Freewest gears for number of winter drill programs

Despite continuing low share prices, Freewest Resources (TSE) has much to be optimistic about, President Mackenzie Watson announced at the company’s recent annual meeting. “Things, exploration-wise, a…


METALS MARKETS — Russian nickel sales spur market

Fast-moving news continues to sway nickel markets. Russian exports of official and unofficial nickel are the dominant influence. Unofficial Russian nickel metal and scrap, selling at substantial disco…


New discoveries at Pitt Island

A generation ago, Texasgulf was at the forefront of massive sulphide exploration in Canada. Now, some of the company’s old prospects are beginning to surface with new players applying the latest in ex…


Asarco upgrades Ray reserves

The first calculation of reserves since acquisition of the Ray copper mine in 1986 in Arizona have been completed says Richard de J. Osborne, chairman of Asarco (NYSE). The new figure is in excess of …


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