New company gets two Wawa mines
A new exploration company has been created by three Toronto-listed juniors. Muscocho Explorations, McNellen Resources and Flanagan McAdam Resources will transfer their respective interests in the Magi…
1993
Viceroy profits up
Increased production and a higher realized gold price of US$404 per oz. enabled Viceroy Resource (TSE) to post a 92% increase in net earnings for the 6-month period ended Sept. 30, over results achiev…
EXPLORATION ’93 — Boliden works copper mine in Sweden’s
Some 27 million tonnes of material are moved annually at the open-pit Aitik copper mine of Boliden in northern Sweden, Mannesmann Demag reports. The equipment manufacturer has two large hydraulic shov…
EXPLORATION ’93 — Rea Gold follows growth strategy
When Canadian mining companies fled to the warmer political climes of South America, Rea Gold President James Hogan manoeuvred his Toronto-listed company through North America, snapping up bargain pla…
EXPLORATION ’93 — Kimberlite core draws Le Tac staking
When Jean-Jacques Martel opened the trunk of his car in downtown Montreal in July, 1992, to show core samples from Le Tac Twp. to geologist Peter Smith, the two knew they were on to something big. Mar…
Milling plans firm up at Albino
Crystallex International (VSE) has appointed consultants Paulo Abib and Kilborn Engineering to provide engineering and project management of a proposed mill at its Albino concession in Venezuela. Euru…
ODDS’N’SODS — Names of glaciers explained
While working at the Granduc mine at the Portal Camp in British Columbia in the 1960s, I was surrounded by the vast glaciers: Berenden, Frank Mackie, Little Salmon, Chicomen and the Leducs. Upon viewi…
Tri Origin sets out exploration plans
Exploration programs for properties held by Tri Origin Exploration (TSE) were announced to shareholders and analysts at the annual meeting in Toronto. President Robert Valliant outlined a strategy of …
Jordex rearranges private placement
A portion of Jordex Resources’ (VSE) previously announced private placement will not proceed. Instead, an aggregate of 500,000 common shares will be issued at 50 cents per share. The $250,000 raised w…
Negotiations at Giant begin again
The Canada Labour Relations Board has found that both Royal Oak Mines (TSE) and Local 4 of the Canadian Association of Smelter and Allied Workers (CASAW) bargained in bad faith during labor negotiatio…
LETTTERS TO THE EDITOR — U.S. mining law reform needs
In a recent article in Time magazine on mine reform legislation in the U.S., the industry south of the border (along with the Canadian contingent of companies) was portrayed in a negative light. The r…
Bugs feed on zinc contamination
Scientists from the United Kingdom-based research laboratory of Shell have joined forces with Dutch experts to solve the problem of contamination from the site of one of the world’s most efficient zin…