Canmine detects gravity anomaly
Canmine Resources (CDN) says a gravity anomaly recently detected on its Fer property in Manitoba suggests polymetallic mineralization intersected there last winter has a minimum strike length of 500 m…
1993
Ocean drilling withdrawal by Canada sparks furor
Canada’s decision to pull out of a major international ocean drilling effort has put the collaborative program in jeopardy and cut the mining industry off from a valuable source of exploration researc…
Wayside drilling continues
Underground drilling at the Wayside mine near Goldbridge, B.C., is continuing in an effort to test the former producer’s future potential. Joint venture partners Wayside Gold Mines (VSE) and Brigadier…
Diamond hunt gains momentum in Quebec
Diamond fever has spread to the Montreal area and the Abitibi (northwestern) region of Quebec. In the Montreal region, mining entrepreneur Peter Ferderber of Val d’Or, Que., has staked more 200,000 ac…
Favorable results from Talapoosa
Results from a continuing exploration program at the Talapoosa gold property in Nevada have Athena Gold (VSE) confident the project is advancing as planned. Pegasus Gold (TSE), operator of the joint v…
LETTERS TO THE EDITOR — Crowning bullion king
Gold and silver prices may have hit rock bottom in a world with bills due and a designed shortage of paper cash, but “the bottom” is always followed by an upswing. For it to be a permanent upswing, pe…
Positive Chaucha project report leaves Kookaburra confident
The recent completion of a preliminary technical and economic study on the Chaucha copper project in Ecuador has Kookaburra Resources (VSE) confident in the project’s potential and eager to proceed wi…
LATIN AMERICA — Pacific Rim acquires Argentine option
An option on a polymetallic massive sulphide project in Argentina was recently acquired by Pacific Rim Mining (VSE). The property, known as La Colorada, covers 55,000 hectares and is accessible by roa…
METAL PRICES — FREE MARKET (February 15, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb. 9 Feb. 8 Feb. 5 Feb. 4 Feb. 3 Copper 1562-1563 1559-1560 1534-1535 1538-1539 15…
New corporate look for South Atlantic
A recently completed debt swap and a private placement increases Adolf Lundin’s interest in South Atlantic Ventures (VSE) to 62.5%, or about 15.3 million shares. The company, along with 30% joint vent…
INSIDER TRADING — Goldcorp ups stake in juniors
Toronto-based Goldcorp (TSE), which made its early fortunes as a publicly traded company by investing in gold stocks, increased its position in two Canadian juniors recently. According to the Ontario …
Cyprus to drill at Massicotte
A drilling program is scheduled to begin this month on the Massicotte property north of La Sarre, Que., Radisson Mining Resources (ME) reports. Radisson says it has signed an option agreement, subject…