Arimetco, Breakwater settle accounts
The recent settlement of all amounts owed to Arimetco International (TSE) by Breakwater Resources (TSE) will result in the cancellation of receivables totaling about $5 million. In return for cancelin…
News
STOCK MARKETS — Diamonds lose lustre, yet indexes gain
Despite a general downturn among diamond issues and a stable gold price at the US$355-per-oz. level, both the Vancouver Stock Exchange resource and composite indexes gained ground. During the period e…
Canmine drilling hits new zone
A zone of alteration with massive sulphide mineralization has been intersected on the Fer property in northern Manitoba, reports Canmine Resources (CDN). The new zone, termed the Prism, is on the Coll…
Viceroy, Mink plan work in Mali
Mink Mineral Resources (VSE) will soon begin a second phase of exploration on the Niaouleni gold concession in Mali. Viceroy Resources (TSE) is funding the work through an option to earn a 70% interes…
Fairfield Minerals sells ore to Asarco
Another gold sale was made by Fairfield Minerals (TSE) from test-mining activities at its Siwash North deposit near Merritt, B.C. The company sold 2,200 tons of high-grade ore to Asarco, to be process…
Canadian smelters succeed in clearing the air
There is one clear winner in the effort to cut mining-related sulphur dioxide emissions — the air itself over much of Canada. For example, between 1950 and 1972, sulphur dioxide emissions from the Su…
PEOPLE — WHEATON RIVER MINERALS AND NORTH AMERICAN METALS
Ian McDonald appointed director, chairman and chief executive officer; V. Jutronich appointed director, president and chief operating officer; Peter Tredger appointed director and vice-president, fina…
Steen to address CIM luncheon
Guest speaker at the Oct. 14 luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum will be Peter Steen, president of Homestake Mining of San Francisco. Steen’s t…
Copper slump forces Arimetco to trim
Flagging copper prices have prompted Arimetco International (TSE) to cut costs. Staff at the Tucson office was reduced by 20%, company cars were eliminated and officers suffered salary cuts. Indeed, C…
Cumberland drill results released
Results from six widely spaced targets on the Meliadine River project, 10 miles north of Rankin Inlet, N.W.T., have been released by partners Cumberland Resources (VSE) and Comaplex Resources (TSE). T…
East West expands Timmins project
The Timmins camp of northern Ontario continues to serve as an exploration focus for East West Resource (VSE) and associated company Cross Lake Minerals (VSE). Cross Lake has a joint venture with Noran…
Redfern hits Tulsequah sulphides
An initial phase of surface drilling on the Big Bull area of the Tulsequah Chief project in northwestern British Columbia has returned massive sulphide intersections. Redfern Resources (TSE) hopes to …