EDITORIAL PAGE — A haunting melody
Haven’t we heard this tuneful little number before? The melody is more than faintly familiar. Even the lyrics have a deja vu quality. We refer, of course, to the latest government budget, specifically…
News
Eden Roc hits gold in five zones
Encouraging drill results, coupled with an imminent influx of $17.6 million cash, bode well for Eden Roc Minerals (TSE). On its 68%-owned, 320-sq.-mile concession in Ivory Coast, the company has inter…
Agnico-Eagle increases earnings
Higher gold prices, together with higher grades at the LaRonde mine in Quebec, enabled Agnico-Eagle Mines (TSE) to earn more money in 1993 than in the previous year. Revenue from the Val d’Or area min…
Canarc directors defend lawsuit
Faced with a lawsuit related to involvement in a proposed merger between Canarc Resource (VSE) and Rembrandt Gold Mines (ASE), certain directors of Canarc as well as certain investors and Canarc itsel…
ODDS’N’SODS — The great diamond fraud of 1872 (3)
(The following is the concluding instalment of a 3-part story.) Now wholly convinced by Henry Janin’s US$4-million evaluation of their play, the backers were determined to take the thing public. The S…
Gregor drills Hemlo 1-zone
Junior Gregor Goldfields (CDN) has drilled three holes at 100-ft. spacings on its property in Ontario’s Hemlo camp. The drilling, which was intended to test what is known as the 1-zone, resulted in 0….
Black cat proves lucky for Antares
Toronto-listed Antares Mining & Exploration has identified a new gold zone, known as the Black Cat, at its Lady Lina property in Zimbabwe. The zone was encountered in drill holes on the 180- and 520-m…
Asbestos report is challenged
A group of researchers at Simon Fraser University in Burnaby, B.C., is challenging a U.S. report which downplays the human death toll from low-level exposure to asbestos. In the American Journal of In…
Conwest buys Jascan shares
Toronto-based Conwest Exploration (TSE) has acquired about 3 million shares of Jascan Resources (TSE), raising to 30% its interest in the Toronto-based junior. The units, representing 16.1% of Jascan’…
EXPLORATION ’94 — Summer startup planned for Louvicourt
The Louvicourt deposit near Val d’Or, Que., is gearing up for production this summer. Processing of the copper-zinc-gold ore in the concentrator is scheduled to begin in July. The commercial productio…
Golden Rule completes placement
Golden Rule Resources (TSE) has completed a private placement of 2.5 million shares at $2.12 each. It will advance to Waddy Lake Resources (TSE) up to $4 million from the $5.3-million placement. Waddy…
EXPLORATION ’94 — Audrey nearing completion of 1100 lens
A feasibility study on the 1100 Lens zinc-copper-silver-gold project of Audrey Resources (TSE) near Rouyn-Noranda, Que., is expected to be completed by the end of March. Under consideration is product…