NEWS IN BRIEF (January 25, 1993)
Magna Carta Resources Inc. (MAG:ASE) has changed its name to Allyn Resources Inc. (ALU:ASE) with a consolidation of capital on a 1-new-for-2-old-share basis. The transfer agent is Montreal Trust.
News
Gold detectors are tested at Sixteen to One project
Various gold location technologies are being used and tested by the operators of the Original Sixteen to One mine in Sierra Cty., Calif. Original Sixteen to One Mine is offering the high-grade mine as…
Band-Ore making plans for two Timmins properties
A junior mining company that was all but dead for the past three years has sprung to life and is looking to explore promising ground in this northern Ontario city’s west end. Band-Ore Resources (CDN) …
Matagami workers reach agreement
The 225 unionized employees at Noranda’s (TSE) Matagami division in northern Quebec have voted 85% in favor of accepting a new collective agreement. Under the terms of the 3-year agreement which becam…
PEOPLE — IRON RIVER RESOURCES (January 25, 1993)
Ronald Churchill appointed director.
Chile attracts Canadian mining firms
During the past few years, both senior and junior Canadian mining companies have been moving to Chile in search of large-tonnage, bulk-minable copper and gold deposits. In the spring of 1992, Falconbr…
STOCK MARKETS — Volatile gold stocks react to bombing,
An American-led military assault on Iraq did little to boost the Toronto Stock Exchange’s beleaguered gold stocks during the week ended Jan. 19 as gold slipped 20 cents to close at US$329 per oz. in L…
Natives seek increased participation in mining
A new association based in Rama, Ont., is promoting the desire of aboriginals to work with mining companies in exploration, mine development and resource management. The Canadian Aboriginal Minerals A…
Diamond explorers prepare for trek by winter road
Weather permitting, trucks carrying equipment and fuel destined for diamond exploration camps in the northern barrens will begin moving up the winter road that connects the Lupin gold mine to Yellowkn…
Value of mineral exploration in Yukon drops in 1992; Placer
Last year’s US$2.5 million drill program produced “encouraging results”, but not enough information for Placer Dome (TSE) to make a reliable estimate of the resource on the Las Cristinas gold property…
New B.C. mining projects in works
Despite the much publicized move of exploration and development dollars to more southern climes, a number of companies are working to bring new mines into production in British Columbia. Originally di…
Selbaie shifting to open pit operation
Mining at the Selbaie copper-zinc-gold-silver property in northwestern Quebec will be shifting solely to open pit with the closure of the underground operations by the end of 1993. Owner of the proper…