Noranda to sell Louvem shares
The controlling shareholder of Societe Miniere Louvem (TSE), Noranda Minerals, wants to sell its block of 11,474,000 Louvem shares to the highest bidder. In August 1989, Noranda acquired an interest i…
News
Eastern Stone raises Belrose interest
Eastern Stone Products (ASE) is set to acquire a further 25% interest in Belrose Minerals, bringing its total interest to 75%. In exchange for the interest, Belrose will be issued 500,000 shares of Ea…
Rio Algom counts on copper earnings
By launching a major project in Chile, Rio Algom (TSE) has secured its future copper earnings, said President Colin Macaulay. The Cerro Colorado property, which is to reach full production in 1994, ha…
Tan Range, Mill-Ore to assess Tanzanian tailings project
Financing to assess the commercial viability of reprocessing gold tailings in Tanzania has been obtained by Tan Range Exploration (ASE). The Canadian Industrial Development Agency (CIDA) has approved …
EDITORIAL PAGE — Hug a miner — “We want to be wanted.”
Such strange words to be uttered publicly by a mining type. But they were used by Alex Balogh, president and chief executive of Noranda Minerals, at a news conference announcing the Whitehorse Mining …
Dufresnoy plans Temis purchase
Societe d’Exploration Miniere Dufresnoy (ME) is set to acquire all shares of the sole Quebec producer of dolimitic pellets. Subject to regulatory approval and a satisfactory due diligence, Dufresnoy w…
Int’l Platinum acquires lithium property
Toronto-based junior International Platinum (TSE) has acquired a lithium property 144 km northeast of Thunder Bay, Ont. A 55-metre-long channel sample from the 27-claim property yielded an average gra…
Porphyry deposits studied
A new report on porphyry copper deposits has been published in the U.S. Porphyry Deposits of the Western Hemisphere is a series that analyzes oxide and sulphide porphyry systems and other bulk-tonnage…
More about diamonds (March 29, 1993)
Canadian companies searching for diamonds both at home and abroad: N.W.T. — Consolidated Abitibi Resources (ME) has arranged a private placement of 1.27 million flow-through shares from its treasury….
OGS unveils aeromag data base
The Ontario Geological Survey (OGS) is demonstrating its new aeromagnetic data distribution system at this week’s conference of the Prospectors and Developers Association of Canada. Data for precise a…
Diamond conference
A conference on diamond mining and exploration will be staged May 12-13 at Vancouver’s Hyatt Regency Hotel. Both Canadian and international exploration will be discussed, as will be geophysics and dia…
Hemlo drops Taurus option
After drilling five holes, Hemlo Gold Mines (TSE) has decided not to earn an interest in Lodestar Explorations’ (VSE) Taurus copper property, in eastern Alaska. Discovered 20 years ago, the porphyry d…