Aurizon drilling Bruneau prospect
A 6,000-ft. drill program is under way on the Bruneau gold property, 31 miles southeast of Matagami, Que., reports Aurizon Mines (TSE). Soquem, which is testing geophysical anomalies associated with t…
1993
Falconbridge Gold posts quarterly loss, plans to focus on
At its annual meeting in Toronto, Falconbridge Gold (TSE) reported a loss of $343,000 (2 cents per share) in the first quarter compared to earnings of $802,000 (5 cents per share) in the same period l…
Junior takes on Armenian venture
A junior company is being granted exploration and mine development rights covering the whole of Armenia, an area of almost 30,000 sq. km. If the assignment agreement is approved by regulators, Rome Re…
Gold’s rise may signal end to the long bear market
The price of gold rocketed to a high of US$385 per oz. on May 19 from a low in March of about $326. At presstime, the price had sagged, presumably as a result of profit-taking, to $373. Peter Allen, p…
LETTERS TO THE EDITOR — Assay accuracy not linked to cost
It is disappointing to see that, for some, cost of analysis is still the indicator of the accuracy of that analysis; that is, the more it costs, the better the result must be. I refer to the front-pag…
Azco arranges financing for Sanchez copper mine
Recent financing arrangements have set the stage for Azco Mining (TSE) to bring the Sanchez operation into production in southeast Arizona. The copper project is one of three held by the company in th…
Noranda hits base metals along Wollaston U belt in northern
A 3,700-metre winter drill program in the Foster Lake area of northern Saskatchewan has yielded significant zinc and copper values for Noranda Exploration, a division of Noranda (TSE). At Hewetson Lak…
Stable copper market projected
Copper consumption in the Western world will continue to grow around 2% per year during the decade. We (Phelps Dodge) see the strongest growth coming from the Far East as infrastructure needs continue…
EDITORIAL PAGE — At last! At last!
We knew (or rather, we hoped) something was afoot when share prices of Canada’s major and minor gold producers started moving up sharply in January. It is a generally accepted investing principle that…
ASE requests new assays
The Alberta Stock Exchange (ASE) is taking several junior companies to task for reporting assay results performed either by a method other than the fire assay technique or by a laboratory not acceptab…
Louvicourt update at CIM meeting
Robert Bryce of Aur Resources (TSE) will discuss the Louvicourt project in northwestern Quebec at a May 28 luncheon of the Vancouver branch of the Canadian Institute of Mining, Metallurgy and Petroleu…
OBITUARY — James Bristow
Geologist and British Columbia-based consultant James Bristow died recently at Kamloops, B.C. He was 62. After graduating from the University of British Columbia in 1957 with a degree in geology and p…