N.S. open house welcomes public
The Mines, Minerals and Energy Resources group of Nova Scotia’s Department of Natural Resources (DNR) has introduced a new twist to its Annual Review of Activities. To be held Nov. 4-5 at the World Tr…
News
NEWS ROUNDUP — Cusac to sign agency agreement
After negotiating for over a year, Cusac Industries (TSE) appears confident it will soon be able to conclude a deal to buy the Table Mountain gold project from Total Erickson Resources. Cusac owns a 3…
LATIN AMERICA ROUNDUP — Princeton plans Chilean drilling
After completing preliminary geochemical and geophysical studies, Princeton Mining (TSE) expects to initiate a drilling program in early November on the Rio Lluta project near Arica in northern Chile….
U.S. REPORT — Drilling ongoing at Sterling mine
No economically significant gold-bearing intercepts were reported by Cathedral Gold (TSE) from the first eight holes (3,500 ft.) of a 10,000-ft. drilling program at the Sterling gold mine near Beatty,…
San Andreas continues drilling
A drill program by San Andreas Resources (VSE) is returning more encouraging assay results from the Prairie Creek mine property about 300 miles west of Yellowknife, N.W.T. The company said drilling co…
U.S. REPORT — Texas Star drops Keystone
With the recent completion of an 8-hole drilling program on the Keystone project in South Dakota, Cyprus Minerals (NYSE) has opted to drop its option. Cypress could earn a 50% interest in the property…
Evaluating kimberlites adds dramatically to costs
Having recently intersected a kimberlite on their Lac de Gras area property, Aber Resources (TSE) and partners SouthernEra Resources (TSE) and Commonwealth Gold (VSE) must now await processing results…
Asbestos exposure risk exaggerated, studies suggest
Projected rates of asbestos-linked disease in the U.S. were grossly exaggerated, says the president of the Asbestos Institute of Montreal. Michel Gratton was responding to the publication of several s…
Oasis options VSM ground
Consolidated Oasis Resources (ME) has secured the right to earn a 50% interest in two gold properties in Verneuil Twp., Que., from VSM Exploration (TSE) and Serem Quebec. Oasis can earn the interest b…
LETTERS TO THE EDITOR — Alberta rich in ammonite deposits
Your recent article on Alberta ammonite (T.N.M., Sept. 14/92) was most interesting, but poorly researched and factually incorrect. With our involvement in the spring of 1986, there slowly emerged an a…
Eskay writedown, restructuring prompt Homestake’s 8-month
A net loss of US$111.4 million was reported by Homestake Mining (NYSE) for the 8-month period ended Aug. 31, which includes US$117 million of pretax expenses relating to its recent acquisition of Inte…
EDITORIAL PAGE — Canada’s economic woes worry foreign
The writing is on the wall, and in red ink. Our preoccupation with things constitutional and our perceived inability or unwillingness to deal with economic issues have worried foreigners. Statistics C…