PEOPLE — PROFCO RESOURCES
John McAskill appointed president; John Fleming, Robert Atkinson and W. Black appointed directors.
1993
Cogema enters option agreement with Eastfield at Spanish
A recent agreement between Eastfield Resources (VSE) and Cogema Canada gives Cogema the right to earn a 51% interest in the Spanish Mountain property in northern British Columbia. Cogema can earn the …
PEOPLE — ECHO BAY MINES
Robert Armstrong elected executive vice-president, operations.
Two additional holes drilled at Moss Lake
Two additional drill holes have been completed by Central Crude (TSE) on its Moss Lake gold property 50 miles west of Thunder Bay, Ont. Both holes encountered low-grade gold mineralization. The best i…
Canada leads in uranium output
Canada remains the leading producer and exporter of uranium in the Western World, according to a recent study by the federal department of Energy, Mines and Resources. In 1991, Canada produced more th…
STOCK MARKETS — Diamond issues fall on Tenby report, Joutel
Investors in the gold and diamond market found little to cheer about in the first days of the new year as bullion tumbled to a 7-year low and diamond stocks responded to a “disappointing” news release…
GOLD FUNDS (January 11, 1993)
BGR Central Net Value $7.99 $5.07 Price $6.25 $4.50 Discount 21.82% 11.2% Value $45,448,000 $75,709,350.
PROFILE — Falconbridge’s Pugsley clearing obstacles to
At the northern tip of Quebec’s Ungava Peninsula, the Raglan project is under vigorous study by owner Falconbridge Ltd. “Raglan has the potential to replace the decline in our ore reserves elsewhere a…
NEWS IN BRIEF (January 11, 1993)
Golden Princess Mining Corp. (GLP:VSE) has changed its name to Pandora Industries Inc. (PDR:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Montreal Trust …
Sluggish economy hampers Manitoba incentives program
Manitoba’s new Mineral Exploration Incentives Program (MEIP) is off to a slow start. The 3-year, $12.5-million grant program, designed to stimulate petroleum and mineral exploration and development in…
Hemlo Gold, Lodestar plan drill program for Taurus
Results from Noranda Explorations’ initial work program on the Taurus property have prompted partners Hemlo Gold Mines (TSE) and Lodestar Explorations (VSE) to plan a drill program for early 1993. Hem…
Record trading year for ASE
It was a record year for the Alberta Stock Exchange, which had almost $1 billion in trades in 1992. The volume of trades rose by about 31%, to 865 million shares, from the previous year, the Canadian …