Dia Met ready to process samples
Diamond explorer Dia Met Minerals (TSE) will begin processing kimberlite samples stockpiled at its pilot plant in Colorado soon, says president Jim Eccott. Since the material must be thawed completely…
1993
Formation drill program under way at Black Pine
Drilling is under way at the Black Pine property, 17 miles southwest of Salmon, Idaho. Formation Capital (VSE), the owner, plans to drill 12 holes for a total of about 5,000 ft. A large, stratabound, …
Noranda continues to test Kliyul play
Exploration of the Kliyul property, 200 km northeast of Smithers, B.C., will continue, Vital Pacific Resources (VSE) reports. Noranda Exploration is performing the work for associated company Hemlo Go…
Change in thinking needed: Wilson
Canadian geophysicist John Tuzo has called for a scientific revolution in the earth sciences. In a speech in Toronto, Wilson, who is one of the early proponents of continental drift and plate tectonic…
Pegasus boosts Zapopan interest
The exercise of a put option will result in Pegasus Gold (TSE) owning 60.5% of Australian-based Zapopan. Ventures Trident Limited Partnership holds a put option requiring Pegasus to buy its Zapopan co…
Engineering studies set for Cerattepe project
Through metallurgical and engineering studies at the Cerattepe copper project in Turkey, Cominco Resources International (TSE) is aiming for an early production decision. The focus is on the main high…
PEOPLE — BULLION REEF
Ed Gallagher, Jim Glass and Frank Hogg elected director. N5…
Penny stock policy adopted
The Ontario Securities Commission is calling for a risk disclosure statement in the marketing of penny stocks. Effective June 1, such a statement will be provided (except in specified circumstances) t…
Exploration shaft sunk at Holloway
A shaft has been sunk at Hemlo Gold Mines’ (TSE) Holloway gold project, near Matheson, Ont. The 441.4-metre exploration shaft was finished in March, on schedule and slightly under budget, says Ian Atk…
PRODUCER PRICES (April 12, 1993)
ALUMINUM: MW U.S. market US52.75-53.50 cents per lb. (Apr. 1, 1993). ANTIMONY: MW New York dealer US78-82 cents per lb. (Mar. 11, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992…
TSE SHORT POSITIONS (April 12, 1993)
Semi-monthly reports as of Mar. 31, showed 61,066,784 shares of 662 issues compared with 67,018,621 shares of 655 issues on Mar. 15. Larger individual positions included: Aber 60,100, down 33,956; Ade…
Sherritt offering
Sherritt Gordon (TSE) has made a public offering of US$200 million aggregate principal amount of 934% notes due April 1, 2003. The underwriter is Goldman, Sachs & Co. Sherritt will use the proceeds pa…