Lumina assembling land package
Mine financier Robert Hunter is getting into the diamond exploration business. As president of Lumina Investment (VSE), Hunter is overseeing the assemblage of a “significant” property portfolio in bot…
1993
Lencourt under new management
Toronto-based geological consulting firm Watts, Griffis and McOuat (WGM) has sold more than two million shares of Lencourt (TSE) to Interchem (N.A.) Industries in trust. Interchem, a Vancouver-listed …
Falconbridge considers building own power plant
The Kidd Creek division of Falconbridge is one step away from building its own hydro-generating station and Ontario Hydro one step away from losing its largest customer. The division is trying to arra…
Wharf arranges US$20-million loan
Wharf Resources Partnership, which owns the Wharf open-pit gold mine near Lead, S.D., has arranged a US$20-million term loan with a U.S. bank. The Wharf Resources Partnership is 100% owned by Wharf Re…
Imperial sells Crow Butte interest
A net gain of more than $2 million is expected by Imperial Metals (TSE) from the recent sale of a 22% interest in the Crow Butte uranium mine to Uranerz U.S.A. The transaction will increase Uranerz’s …
Nanisivik funds Asquith on new belt
Nanisivik Mines, a unit of Conwest Exploration (TSE), has agreed to fund initial exploration work on Asquith Resources’ (CDN) claims south of Shining Tree, Ont., through a private placement of common …
PRODUCER PRICES (January 18, 1993)
ALUMINUM: MW U.S. market US57-58 cents per lb. (Jan. 8, 1993). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992). CAD…
Curator acquiring Baja property
A recently completed agreement-in-principle gives International Curator Resources (VSE) the right to purchase a 100% interest in the Boleo copper-cobalt property in Baja, Mexico, from Minera Terra Gai…
Diamond content of kimberlite pipes governed by zoning
The tendency for kimberlite provinces to show horizontal zoning with respect to age, mineralogy and diamond content has important implications for exploration in the Lac de Gras area of the Northwest …
Hall of Fame adds 9 new members
More than 400 guests gathered recently at Toronto’s Royal York Hotel to honor nine new inductees into the Canadian Mining Hall of Fame. It was the fifth annual banquet, held to recognize the achieveme…
LATIN AMERICA — Minera Rayrock drilling hits copper
A recently completed exploration program has encountered widespread copper mineralization on Minera Rayrock’s (TSE) Sierra Valenzuela property in northern Chile. The program consisted of geological ma…
Amax Gold eyes Golden Summit
A letter of intent was recently signed allowing Amax Gold (NYSE) the right to earn an interest in the Golden Summit project near Fairbanks, Alaska. Freegold Recovery (VSE), which has been exploring th…