1993

TORONTO STOCK EXCHANGE INDICES (February 15, 1993)

Feb.9 Feb.8 Feb.5 Feb.4 Feb.3 High Low Composite”300″ 3414.11 3394.83 3377.91 3366.40 3344.03 4009.47 3009.91 Metals&Minerals 2972.25 2927.82 2900.02 2862.59 2808.54 3453.06 2502.63 Integrated Mines30…


FINANCING (February 15, 1993)

Eaglecrest Expl. Ltd. — 1,500,000 shs. @ 28 cents per sh. Wayside Gold Mines Ltd. — 200,000 units. @ 95 cents per unit. Brigadier Res. Ltd. — 215,000 units. @ 95 cents per unit.


Work program at Ecudor project

A drilling program representing 5,000 ft. is under way on the Dufresnoy-Clericy property in Quebec’s Dufresnoy Twp., Societe Miniere Ecudor (ME) reports. An option agreement with Soquem, the Quebec Cr…


Leicester plant nears completion

Contrary to what was reported in the Feb. 8 issue of The Northern Miner, plant construction is nearing completion on the Leicester diamond project near Kimberley, South Africa. Stow Resources (VSE) an…


Kimberlite trio found by Crystal

With the discovery of three new kimberlites in late 1992, the number of kimberlite pipes intersected in the Lake Superior area of the U.S. (Michigan and Wisconsin) now totals 15, reports Australia-bas…


Inco reports its first loss since 1984

Citing a 12% decline in nickel prices, Inco (TSE) reported a net loss of US$17.6 million (21 cents per share) for 1992 compared with 1991 earnings of US$82.6 million (74 cents per share). Inco’s avera…


KWG cuts wide intersections

Recent drilling by partners KWG Resources (ME) and SEG Exploration (ME) on their Granada property near Rouyn-Noranda, Que., has returned greater widths and better continuity of mineralization than pre…


Vior continues Douay drilling

Low-grade assays are reported by Societe d’Exploration Miniere Vior (ME) from drill work during January at the Douay gold property near Joutel, Que. Ten holes were completed and another one started. A…



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…


Somerset Island programs planned

About $1 million will be spent this year by several junior companies planning to explore various diamond properties on Somerset Island, N.W.T. This Arctic Islands region was explored by Diapros (a sub…


Redaurum lines up mine financing

The price is $5 million. The prize is a 50% stake in a producing diamond property in Zimbabwe and the surrounding 13,474-hectare exploration permit. When Cornerstone Investments, a private Australian …


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