Orapo, Shannon seek Manitoba diamonds
The diamond fever infecting the Northwest Territories, Ontario and Saskatchewan appears to have spread to Manitoba with a recent announcement by Orapo Resources. Orapo, along with joint venture partne…
News
Cominco defers smelter decision
More tests will be required before management of Cominco (TSE) is able to make a decision whether to modify and restart its QSL lead smelter at Trail, B.C., or convert to a Kivcet plant. The company’s…
Shipes sees bright future for Arimetco
By using low-cost methods to produce cathode copper at properties in North and South America, Arimetco International (TSE) Chairman Roy Shipes says he wants to turn the company into an industry powerh…
$12,000 to survey Lake Superior shore
A $12,000 grant will be given to geophysicists at the University of Toronto to conduct research along the east shore of Lake Superior, says Shelley Martel, Ontario’s mines minister. “The investigation…
Timmins Nickel, Marshall in dispute
A dispute between Timmins Nickel (TSE) and Marshall Minerals (ASE) has closed the Carshaw mill in the Timmins, Ont., area. Timmins Nickel says it received notice July 1 from Marshall terminating the l…
Sikaman debt
Owners of the 10% convertible debentures of Sikaman Gold Resources (TSE) approved recently a proposal to convert $6.1 million in debt into units consisting of three redeemable, convertible preference …
LETTERS TO THE EDITOR — Rio Algom retains St. Philips
Your article “Rio not funding Kemess work, partners consider alternatives” (T.N.M., June 29/92) may create a misleading impression that Rio Algom has no further interest in the South Kemess project. N…
USMX in production at Yankee
After a year of permitting, engineering and construction, USMX (NASDAQ) recently brought a third producing property into production on the Alligator Ridge trend near Ely, Nev. The project, dubbed the …
Royal Oak cleared in tailings spill
Royal Oak Mines (TSE) says it (with predecessor Pamour Inc.) has been cleared by the Ontario Environmental Appeal Board of any liability in connection with the Oct. 17, 1990, tailings spill at the for…
Placer Dome sells control of VSM at discount price
Montreal-based junior VSM Exploration (TSE), which has a zinc exploration project near Matagami, Que., has a new controlling shareholder. Gold producer Cambior (TSE) has purchased a 43.6% interest in …
Willingdon acquires three properties
To complement the silver property portfolio it hopes to gain through a proposed merger with Sandy K Mines, Willingdon Resources (CDN) has picked up three properties in northeastern Ontario. The junior…
Correction (July 13, 1992)
A preliminary reserve estimate of 22-40 million tons grading 0.035 oz. per ton was incorrectly accredited to a property adjacent to MinVen Resources’ (TSE) Golden Reward mine in South Dakota in a rece…