Inco offering increases in size
An underwriting group will offer six million shares of Inco (TSE) to the public. Initially, the underwriting involved five million shares, but, because of investor demand, Inco decided to boost the of…
News
`Mining Man of Year’ awarded jointly to Barrick’s Munk and
In 1983, a small oil exploration company bought a piece of an Alaskan placer mine and a half interest in the Renabie gold mine in northern Ontario. Gold production totaled a mere 3,000 oz. that year; …
Cirque and Sa Dena Hes bought by Teck, Cominco
Associated companies Teck (TSE) and Cominco (TSE) each plan to acquire 25% of the Cirque and Sa Dena Hes zinc-lead properties in Western Canada. The balance will be owned by two offshore partners, Kor…
Correction (December 27, 1993)
Information on ownership of claims of Strike Minerals (CDN) and CopperQuest (CDN) was incorrectly reported in T.N.M., Dec. 20/93. The two companies staked the 5-claim blocks (35 units) in Ontario’s Fa…
Alluvial diamonds found near Wawa
Diamond fever has gripped Wawa following the discovery of two alluvial diamonds and several indicator mineral grains in the Michipicoten River Basin. The rush was precipitated by prospector “Mickey” C…
Winslow and Gentry Resources to re-open Engineer mine in
After nearly 70 dormant years, the Engineer mine in northwestern British Columbia is expected to offer up its golden treasure. A producer in the 1920s, Engineer surrendered 18,400 tonnes grading 1.07 …
Noranda in Bourlamaque option
Noranda Exploration, a unit of Noranda (TSE), can earn a half interest in the southern portion of Wrightbar Mines’ (ME) Bourlamaque property, near Val d’Or, Que. The rocks underlying this portion of t…
Nickel at 5%, platinum at 11 grams — Falconbridge hits deep
Details are sketchy, but Falconbridge has confirmed reports of an exceptionally rich intersection at its Nickel Rim property, 10.5 km north of the Ontario town which serves as the company’s namesake. …
INSIDER TRADING — Copperquest officers sell shares
Two officers of CopperQuest (CDN) sold shares in October. According to the Ontario Securities Commission’s OSC Bulletin, President James Parres bought 16,000 shares at an undisclosed price and sold 19…
Inco named recipient of conservation award
Nickel miner Inco was one of three recipients of the first International Great Blue Heron Award from the North American Waterfowl Management Plan. The award, for outstanding contribution to conservati…
NEWS IN BRIEF (December 20, 1993)
Rattler Resource (RTA:VSE) and Reimer Resources (ROV:VSE) have almalgamated to form Kensington Resources (KRT:VSE). Rattler shareholders receive a share for a share and Reimer shareholders receive one…
Northern women subject of book
A writer in Victoria, B.C., is planning a book about women who have lived in Canada’s North. “There are many women I have encountered who have unusual and interesting stories and experiences to tell a…