Cameco cuts staff, buys partner
Saskatchewan-based Cameco (TSE) recently announced two separate developments designed to enhance its position as supplier of 10% of western world uranium. President Bernard Michel said Cameco has elim…
1992
Mining Week deferred in N.W.T.
A strike at the Giant gold mine of Royal Oak Mines at Yellowknife, N.W.T., has led to a suspension of Mining Week activities in the Northwest Territories. Activities were planned for June 15-20. “The …
FINANCING (June 22, 1992)
Arlo Res Ltd. – 700,000 shs offered @ 51 cents per sh. Golden Ring Res. – 500,000 units consisting of 1 sh and 2 wts offered @ $1.11 per unit. Intertech Minerals Corp. – 1,250,000 shs offered @ 18 cen…
Crown Butte cuts 247 ft. of 0.31 oz. at Montana project
An ongoing underground drill program at the New World property owned by Crown Butte Mines (TSE) is expected to result in a new reserve figure being calculated for the Homestake deposit, one of several…
Summer pour at Hope Brook
The first gold pour by Royal Oak Mines (TSE) at the Hope Brook mine in Newfoundland is scheduled for early July, the company says. Output is scheduled to steadily increase through to November, at whic…
Radisson, CS option property
A letter agreement has been signed with Homestake Canada allowing the company to earn a 51% interest in the Massicotte property in Massicotte Twp. north of La Sarre, Que., Radisson Mining Resources (M…
Minnova intersects massive sulphides at Seneca project
High-grade massive sulphides were intersected by Minnova (TSE) over a drilled thickness of 10.5 ft. in a recent hole drilled on the Seneca property near Harrison Mills, in southern British Columbia. T…
Soquem, Campbell in option deal
Soquem, the Quebec crown exploration company, has signed an agreement to earn a 50% stake in half the land surfaces covered by Meston Lake Resources’ Chibougamau and Joe Mann properties. Both are owne…
METAL PRICES (June 22, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 16 June 15 June 12 June 11 June 10 Copper 1222-1223 1223-1224 1224-1225 1220-12…
The future of research in exploration
The Mineral Deposit Research Unit (MDRU) at the University of British Columbia (UBC) organized a research meeting recently on the theme “The future of research in economic geology.” The purpose was to…
Kangaroo coin top seller in ’91
The Kangaroo Nugget gold bullion coin of Australia was the top-selling gold coin in the world in 1991. The World Gold Council, an international association of major gold producers, reported that the A…
Goldbelt set to close Comptoir acquisition
Robert Swenarchuk, a spokesman for Goldbelt Resources (VSE), said the company expects to complete the acquisition of Comptoir International du Commerce by July 1. Comptoir, a Luxembourg company, has a…