NEWS ROUNDUP — Falconbridge to appeal fines
A toxic gas leak in the Sudbury, Ont., area during the summer of 1990 has cost Falconbridge $180,000 in fines. The nickel-copper producer was convicted in a Sudbury court on six of nine counts under t…
1993
William evaluates drilling results
A 13-hole program on the Clementine property in Grevet and Franquet Twps., about 30 km north of Lebel sur Quevillon, Que., did not intersect any significant base metal or gold mineralization, William …
Dundee, Placer in business venture with CMP, Plexus
A numbered company owned 50/50 by Dundee Bancorp (TSE) and Placer Dome (TSE) has reached agreement-in-principle with CMP Resources (ME) and Plexus Resources (TSE) to form a new company. Robert Buchan …
Miramar increases interest in Cuban projects
An additional 25% interest in two Cuban properties has been acquired by Miramar Mining (VSE) from Matlock Mining of Australia. The Vancouver junior now owns 50% of both the Hierro-Mantua copper leach …
Canarc completes Venezuelan deals
A recently completed private placement in Tombstone Explorations (VSE) gives Canarc Resource (VSE) an indirect interest in 35 mineral concessions making up 15 properties in Bolivar State, Venezuela. C…
Financing (March 22, 1993)
Hyder Gold — 1,000,000 shs @ 50 cents per sh on a best efforts basis with a minimum subscription of 1,000,000 shs.
NEWS ROUNDUP — Minerex transaction is cancelled
A deal to purchase all the issued shares of Minerex Resources was recently cancelled. Cornucopia Resources (TSE) reached an agreement to purchase the shares from owner Canada Tungsten Mining (TSE) in …
Giant workers await ruling
The Canada Labour Relations Board says it may take some time to rule on issues related to a prolonged dispute at the Giant gold mine, on the northern shore of Great Slave Lake. The mine is owned by Ro…
Dodgex makes specialty metal find
A major resource of specialty metals and rare earths has been discovered in a wide fluorite-bearing vein in the southern Yukon by Dodgex, a private company in Whitehorse. Representative sampling of ou…
Metal Prices — FREE MARKET (March 22, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar. 16 Mar. 15 Mar. 12 Mar. 11 Mar. 10 Copper 1491-1492 1508-1509 1520-1521 1499-15…
PNG gov’t boosts stake in Porgera
The Porgera joint venture, in which Placer Dome (TSE) is a partner, has agreed to sell to the government of Papua New Guinea an additional 15% interest in the Porgera gold mine. The three partners in …
Adrian boosts reserve estimates at Petaquilla
Initial step-out drilling at the Petaquilla property in Panama has increased preliminary reserve estimates to more than one billion tons. Adrian Resources (VSE) is drilling under an option to earn up …