NEWS IN BRIEF (July 26, 1993)
Cal Graphite Corp. (CGP:VSE) has changed its name to Applied Carbon Technology, Inc. with no consolidation of capital.
News
Pilot plant for Williams Creek
Partners Western Copper Holdings (TSE) and Thermal Exploration (ASE) are requesting bids from engineering firms for a feasibility study on the Williams Creek copper-gold project 25 miles from Carmacks…
Prime Equities to buy Hasbrouk
An agreement has set the stage for Prime Equities International (VSE) to buy the Hasbrouk Mountain gold-silver property from a unit of Homestake Mining (NYSE). Near Tonopah, Nev., the property has a g…
Central bank sales cap gold price
The future direction of the gold price is of keen interest to many market-players. The price has been propelled by an expectation that inflation rates will rise sharply; this is seen as a possible con…
Consultant buys more Orvana
Merwin Bernstein, a Chile-based geological consultant and director of Orvana Minerals (TSE), boosted his stake in the aggressive junior exploration company at the end of June. According to the Ontario…
Ambitious Kinross buys Falconbridge Gold
Toronto-based Kinross Gold (TSE) is on its way to becoming a new player on the Canadian gold mining scene. Just last month the company purchased two U.S. gold mines for US$16.8 million (see separate s…
Placer sells Dona, mining to continue
With minable reserves nearly depleted, Placer Dome (TSE) has sold its Dona Lake gold mine to mining contractor Ross-Finlay for $2 million. The sale includes the mine, a 550-ton-per-day mill (south of …
Joutel wins landmark Cuban approval
Finally, after months of speculation and anticipation, a landmark exploration agreement between Joutel Resources (TSE) and the Cuban government has been approved by the Cuban Council of Ministers. The…
Kelowna lab a strategic advantage for Dia Met
The current diamond exploration rush owes much to a private laboratory nestled in a modest industrial building on the outskirts of this Okanagan community. For it was here that much of the analytical …
Cobalt clean-up
The Ontario government is providing funds to help complete rehabilitation work on silver mine workings in Cobalt, Ont., where cave-ins have created hazards. The funds, provided by the Ministry of Nort…
NEWS ROUNDUP — Orco raises Donalda funding
Proceeds from a $1-million placement with private investors are financing a 20,000-tonne bulk sample at the Donalda gold project at Rouyn-Noranda, Que., Orco Resources (ME) reports. Bulk-sampling bega…
NEWS ROUNDUP — International Prism in Yukon
With the Yukon purportedly “open for business,” International Prism Explorations (VSE) intends to acquire a 48-claim block at Dolores Creek. To do so, according to a signed letter of intent, it must s…