MINER BRIEFS — Peat transaction
Peat “T” Inc. of Edmonton says it has agreed to purchase the working assets of North Star Peat, an Edmonton-based company which harvests, processes and markets peat, by the end of 1993. Peat “T” says …
News
NEWS IN BRIEF (November 23, 1992)
Greyhawk Resources Ltd. (GHK:VSE) has changed its name to GHK Resources Ltd. (GKS:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Pacific Corp. Trust.
Cyclone samples Somerset claims
The first four samples taken from outcropping kimberlites on Cyclone Capital’s (VSE) Somerset Island claims in the Northwest Territories have been crushed, concentrated and will be sent to John Gurney…
STOCK MARKETS — Commonwealth trades heavily on news of
Diamond fever sparked a feeding frenzy on western markets during the week ended Nov. 17, helping to boost the Vancouver Stock Exchange resource index by more than 20 points to the 570 level and the co…
Price plunge may trigger more Inco cuts
If the nickel market continues to deteriorate, further production cuts could be in store at Inco’s (TSE) operations, says Chairman Michael Sopko. “We cannot carry the rest of the industry,” he told an…
Curragh schedules production shutdowns
Zinc producers need to follow the lead of Curragh (TSE) and cut production if they want to prevent further erosion of the zinc price, says Julian Baldry, an analyst with Nesbitt Thomson. Curragh says …
NEWS ROUNDUP — Metall to sell Teck shares
Metall Mining (TSE) has announced a secondary offering of five million class B subordinate voting shares of Teck (TSE). The offering will net Metall about $93.8 million which will be used to help fina…
Ontario seminar on Indian lands
The current state of mining and prospecting on Indian lands was the topic of a recent seminar hosted by the Sault and District Prospectors Association. The lands are administered under the Robinson Hu…
Audrey’s plan for 1100 lens worth $7.3 million
The board of directors of Audrey Resources (TSE) has approved a $7.3-million underground exploration and development program for the 1100 lens at the Mobrun property near Rouyn-Noranda, Que. The progr…
Holloway shaft at 45 metres
Shaft-sinking at the Holloway gold project near Matheson, Ont., has reached a depth of about 45 metres, according to a progress report by operator Hemlo Gold Mines (TSE). Advancing at a rate of a few …
Ray expansion boosts Asarco copper output
The Ray Complex, about 35 miles south of here, has been called a “rock-to-metal” operation. Owned by Asarco (NYSE), the complex encompasses mining and milling operations at the Ray mine site as well a…
NEWS ROUNDUP — Central Crude drills Moss Lake
Drilling by Central Crude (TSE) continues at the Moss Lake gold prospect in northwestern Ontario, Tandem Resources (ME) and Storimin Exploration (ASE) report. Four holes have been completed, with good…