Deep drilling at Vezza project (May 25, 1992)
Drilling at the Vezza project in Vezza Twp. in northwestern Quebec intersected 0.195 oz. gold per ton across a true width of 12.8 ft. at an approximate vertical depth of 2,000 ft., North American Rare…
News
Seeking solutions to mining the Foord seam (May 25, 1992)
A methane explosion ripped through the Westray coal mine at Plymouth, N.S., just one week after it received the Canadian Institute of Mining, Metallurgy and Petroleum’s Ryan Safety Award. In the days …
Gulf wants balance of Asamera (May 25, 1992)
After a relatively short time as a public company, Asamera Minerals (TSE) is returning to the private realm. Asamera Inc., a wholly owned subsidiary of Gulf Canada Resources, recently announced it wil…
Alberta conference (May 25, 1992)
A conference on energy and the environment will be held June 12 in Calgary by Canada Centre for Mineral and Energy Technology (CANMET) of the federal department of Energy, Mines and Resources. Topics …
Kingswood returns to Matheson area (May 25, 1992)
Kingswood Explorations (ASE) has resumed drilling on its 24-claim property near Matheson, Ont. The spring program will include definition drilling on the Thunder zone, which returned a 57.7-ft. interv…
PEOPLE (May 25, 1992)
Bhupinder Herar appointed director.
Zinc continues upward movement (May 25, 1992)
Except for zinc, first-half May average metal prices continued to be swayed by ongoing uncertainty with worldwide political and economic events. Questions regarding future export levels from the forme…
Diamonds offer sparkle to a lacklustre market (May 25, 1992)
Shrinking share values pushed the Vancouver Stock Exchange composite and resource indices lower during the week ended May 19. The composite index finished off 2.88 points at 612.83, while the resource…
Diamonds verified in Dia Met sample ignite N.W.T. play (May 25, 1992)
Gem-quality diamonds recovered from a kimberlite pipe in the Lac de Gras region of the Northwest Territories indicate that Dia Met Minerals (VSE) and BHP-Utah Mines may be sitting on Canada’s first di…
Canadians well represented at mining trade show in Chile (May 25, 1992)
An incredible 27,000 people filed through the gates at this city’s Parque Cerrilos recently for ExpoMin ’92, one of the largest mining trade shows in the world. Some 85 Canadian companies were among t…
El Condor to raise $6 million (May 25, 1992)
The placement of 1.5 million units at $4 per unit is expected to raise about $6 million for El Condor Resources (VSE). The company plans to use the funds for work on its 60% owned South Kemess copper-…
Quarterly loss for Cyprus after corporate reorganization (May 25, 1992)
A reorganization of the company’s affairs helped push Cyprus Minerals (NYSE) into the red for the first quarter ended March 31, 1992. The company reported a loss of US$5 million for the period on reve…