$20-million offering by Cominco Res.
The final prospectus for a $20-million offering of units was recently released by Cominco Resources International (TSE). The company plans to issue 8.334 million units at a price of $2.40 per unit. Th…
1992
Westmin alliance with Noranda Sales
Noranda Sales was recently appointed exclusive sales agent for copper and zinc concentrates produced by Westmin Resources (TSE) at its Myra Falls mine complex near Campbell River, B.C. Westmin, which …
Royal Oak takes tough stand on Giant strike
Recently Royal Oak Mines (TSE) mobilized a team of contract miners to replace striking workers at its Giant mine near Yellowknife, N.W.T. — an unusual move in the industry. As might be expected, the …
Golden Band options Farley
A recently signed option deal with Mingold Resources gives Golden Band Resources (VSE) the right to acquire Mingold’s 44.83% interest in the Farley Lake gold property east of Lynn Lake, Man. The proje…
Equity resumes work at Louis Lake
Drilling is expected to resume shortly at the Louis Lake copper-gold porphyry project, 35 km northwest of Smithers, B.C. Equity Silver Mines (TSE) is earning a 70% interest in the project from owner N…
U.S. REPORT (June 01, 1992)
Reserves at the Imperial County project in southeastern California received a significant boost upon completion of a preliminary feasibility study on the Indian Rose and Ocotillo deposits. The project…
Experts compare Dia Met with South African mines
Without waiting for a detailed examination of diamonds found by Dia Met Minerals (VSE) and BHP-Utah Mines on their Lac de Gras property, analysts are already comparing the grades with gem stones mined…
U.S. REOPORT
Startup operations are expected to begin soon aimed at bringing the Formosa-Silver Butte zinc-copper mine near Riddle, Ore., back into full production this summer. Operator Formosa Resources (VSE) bro…
Aber share volume heavy as staking activity continues
Diamonds proved to be a mining investor’s best friend during the week ended May 26 as a number of issues responded to the latest developments in the Lac de Gras, N.W.T., area. Since partners Dia Met M…
Gwen finds pipe on open pit wall
Gwen Resources (ASE) says it has discovered a kimberlite pipe on the side wall of its New Buffonta open pit in the Harker-Holloway camp east of Matheson, Ont. The pipe has been exposed to a depth of 9…
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…