Ariel’s gold output growing
Production of 10,186 oz. gold was reported by Ariel Resources (VSE) for the fiscal year ended Sept. 30, 1992. Ariel operates the Tres Hermanos mine in Costa Rica. Processing occurs at the company’s Ma…
News
Adrian plans initial program for Petaquilla project in
An initial $1-million phase of drilling is scheduled to begin shortly at the Petaquilla property in the Republic of Panama. Adrian Resources (VSE) is in the process of earning up to a 40% interest in …
COMMENTARY — Chinese visit South Africa
Cooperation arrangements between the mineral sectors of South Africa and the People’s Republic of China are in the offing after a recent visit to South Africa of a Chinese mineral delegation. Senior p…
PEOPLE — UNITED REEF PETROLEUMS (February 01, 1993)
Francois Boisvert appointed director, affaires Afrique and Bruce Attenborough appointed director, public relations.
TORONTO STOCK EXCHANGE INDICES (February 01, 1993)
Jan.26 Jan.25 Jan.22 Jan.21 Jan.20 High Low Composite”300″3312.82 3295.64 3275.97 3275.75 3290.14 4009.47 3009.91 Metals&Minerals 2778.76 2799.27 2777.67 2743.31 2745.51 3453.06 2502.63 Integrated Min…
Mining industry looks into the next century
The 110 delegates who attended a recent Canadian Institute of Mining, Metallurgy and Petroleum (CIM) symposium in Toronto will have come away with much food for thought and not a little gloom to leave…
Oasis, Soquem in Gaspe deal
In option deal to explore and develop the Crystal Lake copper property in the Gaspe area of Quebec has been signed by Consolidated Oasis (ME) and Soquem. The property lies six miles north of the past-…
More about diamonds (February 01, 1993)
Canadian mining companies are involved in the search of diamonds both at home and abroad: N.W.T. and Alberta — Pure Gold Resources (TSE) has agreed to option Garden Lake Resources’ (VSE) 50,000-acre …
Mines minister promises review of regulations
The newly appointed minister of Energy, Mines and Resources Canada told British Columbia mining executives that his ministry will begin a review of the country’s current regulatory framework for resou…
ODDS ‘N’ SODS — Surprises at a state-run operation
After two and a half years of doing business with some of the largest mining corporations in Asia, we were excited to finally receive government approval to visit a new, state-run modern surface minin…
Loubel, Temisca raise funding
A pair of Quebec juniors headed by Gilles Fiset recently completed public offerings. Loubel Exploration (ME) says it raised $347,500, the proceeds to be used for exploration work at the Chassignole pr…
Rayrock makes cash offer to debenture holders
A move to strengthen its financial position is the reason Rayrock Yellowknife Resources (TSE) is making a cash offer to debenture holders. The company says it is offering to all holders of its $24.5 m…