GIS conference
At a recent conference in Ottawa, people from many countries met to discuss geographic information systems (GIS). The fifth annual GIS conference was organized by the federal government. GIS employ co…
News
Too much rain for Asarco
A first-quarter loss is expected by Asarco (NYSE), resulting from rain-related costs, lower metal prices and a scheduled 30-day maintenance shutdown at the Hayden smelter. Heavy rains and flooding in …
Skyline reorganization planned
On April 22, shareholders of Skyline Gold (TSE) will be asked to approve a plan to create a debt-free subsidiary to hold all mining equipment and properties. If approved, Skyline’s assets would be tra…
T & H offering
T & H Resources (TSE) hopes to raise $296,000 through a rights offering. Each shareholder would receive one right for each common share held; eight rights will entitle the holder to subscribe for one …
Gold producers work to reduce cash costs
Faced with lower gold prices and shrinking profit margins, most North American gold miners continued to slash costs in 1992. In many cases, lower cash costs were accompanied by increased production. O…
No word on Ontario incentives
Several interesting ideas have resulted from a discussion paper on new incentives for mineral exploration in Ontario, says the assistant deputy minister for the province’s mines ministry. John Gammon …
Metall amends Minnova offer
An amended proposal to acquire the outstanding shares of Minnova (TSE) has been made by Metall Mining (TSE). Each Minnova share can be exchanged for one Metall share, $4 cash and half of a warrant to …
LATIN AMERICA — Drilling results mixed at Albino concession
Drilling on the Albino concession in Venezuela’s Kilometre 88 district has returned mixed results for joint-venture partners Eurus Resource (VSE) and Crystallex International (VSE). Drilling was focus…
Mineral’s name honors professor
A geology student at the University of New Brunswick (UNB) who discovered a new mineral in 1988 has honored his former mentor by christening it “Trembathite.” Pat Burns, now a doctoral student at the …
Fipke garners PDAC Prospector award
Diamond explorer Charles Fipke has won the 1992 Bill Dennis Award for Prospector of the Year. The award is being presented at this year’s annual convention of the Prospectors and Developers Associatio…
LATIN AMERICA — Sikaman, partners interested in Argentine
Toronto-based Sikaman Gold Resources (TSE) and partners have been granted an exclusive option to explore and develop gold-bearing gravels along a 150-km stretch of the Neuquen River in western Argenti…
LATIN AMERICA — Lac encouraged by results from Chilean gold
Encouraging results have been reported by Lac Minerals (TSE) from eight additional holes drilled at the Nevada gold project in Chile. Highlights included a 492-ft. intersection grading 0.29 oz. gold p…