PEOPLE — GREAT LAKES MINERALS (March 01, 1993)
John Haivala elected director.
News
EXPLORATION & DISCOVERY: INDUSTRIAL MINERALS
DIAMONDS By Michel Boucher Following a discovery by BHP and Dia Met at Point Lake in the Northwest Territories, diamonds have become the focus of the hottest land staking fever in Canada since the Klo…
EXPLORATION & DISCOVERY: COAL
The Canadian coal industry had a difficult year in 1992. Strikes, lockouts, and a tragic accident led to a drop in production, exports and earnings. These events were unusual for the Canadian industry…
PRODUCER PRICES (March 01, 1993)
ALUMINUM: MW U.S. market US56-57 cents per lb. (Feb. 18, 1993). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992). CA…
Ownership dispute continues at Oro Uno gold concession
The interim results of an ongoing due diligence investigation into the ownership of the Oro Uno concession in Venezuela’s Kilometre 88 gold district show the complexities of acquiring concessions ther…
EXPLORATION & DISCOVERY: IRON ORE
Use of iron ore in Canadian blast furnaces remained low for the third year in a row. Relative to 1991, however, consumption of domestic ores increased by 11%, to 7.6 million tonnes. Iron ore imports, …
Verneuil Twp. stepout — Freewest intersects 0.29 oz. across
Drilling on the Verneuil Twp. gold property in northwestern Quebec continues to yield encouraging results, including a 20.3-ft. interval grading 0.29 oz. gold per ton from hole VP93-22, a wide stepout…
Correction (March 01, 1993)
BHP Minerals has the right to earn a 51% interest in three properties held by X-Cal Resources (TSE) near the Pipeline gold discovery in Nevada by spending a total of US$2.4 million on exploration over…
Pacific Talc continues tests
With a processed 150-tonne bulk sample of talc product on hand, Pacific Talc (VSE) is proceeding with further proprietary processing to produce a wettable talc pigment for large-scale testing by three…
Raymor tests La Motte sample
A preliminary study by the Centre de Recherches Minerales in Quebec City on a sample from a lithium property in La Motte Twp. near Val d’Or, Que., determined that the best concentration process is flo…
Kingswood acquires pair of prospects
Kingswood Resources (ASE) reports acquiring a 100% interest in two gold properties west of Timmins, Ont., both covering the western extension of the Destor Porcupine Fault zone. The Cripple Creek prop…
THE CANADIAN ECONOMY IN 1992
In 1992, Canada’s Gross Domestic Product (GDP) grew by an estimated 1.2%. This was a very modest gain in light of the reduced economic output that was recorded in each of the two previous years. Throu…