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, …
News
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…
Tombill offering to buy back shares
Tombill Mines is making an offer to buy back all of its outstanding class A voting shares and class B non-voting shares at $3.05 per share. The offer will be made through the facilities of The Toronto…
Rea, BMR to proceed with Comstock
A formal joint venture agreement between Rea Gold (TSE) and BMR Gold (TSE) was recently completed for the development of the Comstock gold project near Carson City, Nev. To earn a 50% interest in the …
Nerco’s Con gold mine at Yellowknife, N.W.T., is part of the
Major North American metals producer Kennecott is bidding for control of Nerco (NYSE). Kennecott’s parent, international mining house RTZ (NYSE) of London, says Kennecott of Salt Lake City, Utah, is o…
NEWS ROUNDUP — Gibraltar North not economic
An evaluation of the North copper zone by Gibraltar Mines (TSE) resulted in a decision not to proceed with development of the deposit as part of the company’s mining plan. The zone will not be include…
Ecum Secum is attracted by Cobequid Hills geology
A private exploration company, Ecum Secum Enterprises of Truro, N.S., is speculating that the geology of the Cobequid Hills, Colchester Cty., N.S., may be similar to that of the prolific western-state…