Abior, Soquem in option deal
Montreal-listed Explorations Abior can earn a 50% interest in an 18-claim diamond property in the Desmaraisville area of northwestern Quebec, near Le Tac Twp. The deal is part of an option agreement w…
News
A visit to a small Argentine mine — New zone developed at
A new zone is being developed at the Farallon Negro epithermal gold-silver-manganese deposit, deep within the foothills of the Argentine Andes. About 300 tons per day are mined from the No. 1 vein sys…
NEWS ROUNDUP — Cambior buying all of Grevet
The jointly owned Grevet zinc project southeast of Matagami, Que., will soon have one proprietor. Toronto-listed Cambior has reached an agreement (subject to regulatory approval) with Serem-Quebec to …
EDITORIAL PAGE — Mild relief for juniors
It took the Prospectors and Developers Association of Canada one and one-half years of quiet, behind-the-scenes diplomacy and just plain jawboning, but the effort was worth it. The Ontario government,…
NEWS ROUNDUP — Cominco options western lead-zinc
Base metal miner Cominco (TSE) has optioned the Swan and Rap lead-zinc properties in the Omineca region of northeastern British Columbia from Stratabound Minerals (ASE). Cominco can earn an initial 51…
LETTERS TO THE EDITOR — Accidents not fault of workers
I am concerned that your article “Improper motivation main cause of accidents” (T.N.M., June 7/93) may leave readers with the mistaken impression that the Mines Accident Prevention Association of Onta…
Stock sheds $9 on news — Dia Met results not positive
The latest results from the Dia Met-BHP property support previous declarations that the Northwest Territories may host one of the highest-grade diamond fields in the world, analysts say. But until fur…
Gold coin sales on the upswing
Global sales of five leading international gold bullion coins increased by 56% during April and May compared with last year, the World Gold Council reports. Sales during the two months represented 270…
EDITORIAL PAGE — Currency turmoil, inflationary fears seen
At the present rate of progress, it will not be long before the Japanese yen is worth a whole American cent. The reason for the soaring yen is clear: a surplus on the current account of Japan’s balanc…
Eastern Stone buys Belrose interest
Toronto-based junior Eastern Stone Products (ASE) has arranged to buy the remaining 25% interest in Belrose Minerals in exchange for 500,000 Eastern common shares. Upon completion of the deal, Eastern…
Exroy granted full title to Ungava claims
After several lengthy appeals, the Supreme Court of Canada has finally granted Exroy Resources (CDN) full title to 43 claims in the Ungava nickel-copper belt in northern Quebec. The decision enables t…
NEWS ROUNDUP — Cambior to drill Polo Sur
Growing gold producer Cambior (TSE) reports assessing more than 450 projects in Chile during the past three years, its prime targets being copper and gold projects. Last year, the company purchased th…