Westfield adds to cash position
Earnings of $453,000 for the nine months ended Sept. 30, 1993, have added to the fortunes of Westfield Resources (TSE). The debt-free company has cash and marketable securities totaling $24.3 million,…
1993
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…
Metall’s quarterly report mixed
There was good news and bad news during the third quarter for Metall Mining (TSE). On the plus side, production of copper cathode from its 87.3%-interest in the Copper Range mine in Michigan increased…
Canyon drilling returns gold at Mtn. View
Drilling on the Mountain View property in northern Nevada has returned gold-mineralized intersections. Canyon Resources (NASDAQ) is earning a 60% interest from Independence Mining and expects to compl…
Compromise may be coming over U.S. mining royalty plan
Reform of mining legislation in the U.S. reached a new stage recently when the House of Representatives voted in favor of imposing an 8% net smelter return (NSR) royalty on hardrock mining companies o…
Toronto Stock Exchange Incices
— Week — Nov 23 Nov 22 Nov 19 Nov 18 Nov 17 High Low Composite”300″ 4215.26 4200.17 4238.17 4234.74 4236.50 4248.41 4188.82 Metals&Minerals 3288.64 3277.35 3281.65 3241.32 3197.15 3304.12 3189.06 In…
EXPLORATION ’93 — Red Lake prospector loves mining life
Charlie Peterson will soon celebrate his 80th birthday. And while the years may have slowed him down somewhat, nothing has impeded his determination to find another mine in the heart of Ontario’s Red …
EXPLORATION ’93 — Helicopter handles heavy loads
A Boeing 234 Chinook helicopter was used in September and early October to help mobilize heavy mining equipment and supplies to two sites in the Lac de Gras area of the Northwest Territories. The Chin…
EXPLORATION ’93 — Awake exercises William warrants
A Luxembourg holding company, Awake S.A., will exercise 828,008 warrants of William Resources (ME), entitling Awake to buy one common share of William for 26 cents. Awake will increase its stake in Wi…
EXPLORATION ’93 — Alberta brine deposits host industrial
An industrial minerals industry based on substantial brine deposits is unfolding in Alberta. Under investigation are potential deposits scattered throughout the province, five of which have been ident…
EXPLORATION ’93 — Gregor drills Hemlo property
Having performed stripping and mapping, Gregor Goldfields (CDN) now plans to complete a 10,000-ft. drill program on its Marathon gold project. Surface samples from the 264-claim property, near Hemlo, …
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…