Drilling extends Botija deposit
The first three holes drilled in this year’s second-phase exploration program are expected to increase the geological resource of a deposit on the Petaquilla project in Panama. All three holes at the …
News
Pathfinder options Buckhorn
Under an option agreement, Pathfinder Resources (VSE) can earn a 53-80% interest in the Buckhorn gold property from Equinox Resources (TSE). To do so, it must finance Equinox’s share of future expendi…
Glamis boosts gold production
Production of 77,882 oz. gold in fiscal 1993 enabled Glamis Gold (NYSE) to chalk up a 2% increase over 1992 production of 76,474 oz. Glamis operates two heap-leach mines in California and recently sta…
PEOPLE — ATTWOOD GOLD (August 30, 1993)
Estella Lo appointed director.
PEOPLE — GREAT WESTERN GOLD (August 30, 1993)
Tim Brock elected director and appointed president, CEO and CFO; Les Brownlie, Stafford Kelly, Tom Dean and Jim Billingsley elected directors; Martin Holt appointed director.
NEWS ROUNDUP — Royal Oak boosts earnings
Second-quarter earnings of Royal Oak Mines (TSE) increased to $2.9 million this year from $740,000 in the same period a year ago. The company produced 70,369 oz. gold at a cash cost of US$311 per oz. …
Northwestern British Columbia — Polaris-Taku remains
The Polaris-Taku gold project in northwestern British Columbia is expected to remain dormant until a dispute is settled between Canarc Resource (VSE) and the former controlling shareholder of Rembrand…
Snip mine boon for Prime
The Snip gold mine in northwestern British Columbia turned out 31,750 oz. for Prime Resources Group (VSE) in the first six months of this year, a 20% increase from the same 1992 period. The company ho…
Cross Lake expands Berardi holdings
Vancouver-listed junior Cross Lake Minerals has added 73 claims to its joint-venture holdings with East West Resource (VSE) in the Casa Berardi area of northern Quebec. These claims cover an extension…
EDITORIAL PAGE — The unilateral edge
Papua New Guinea, a dependable partner in mining (until now at least), is sending confusing signals to the rest of the mining world. The latest such message was the announcement by the PNG government …
THE DIAMOND PAGE — LETTERS TO THE EDITOR — Premature
Editor’s Note: The Sarnoff controversy (see Aug. 2 issue) and our ensuing editorial have generated a healthy flow of letters to the editor; so many, in fact, that we’ve decided to run the overflow in …
Toronto Stock Exchange Indices (August 30, 1993)
— Week — Aug 24 Aug 23 Aug 20 Aug 19 Aug 18 High Low Composite”300″ 4112.24 4091.76 4077.18 4069.59 4069.31 4118.12 4046.43 Metals&Minerals 3130.64 3121.57 3120.60 3119.92 3120.23 3132.66 3104.54 In…