Others’ Words (May 25, 1992)
For several years, Canada’s mineral industry (excluding oil and natural gas) has accounted for an average of about 4.7% of Canada’s GDP, over 3% of total national employment and 18-19% of total Canadi…
News
NEWS ROUNDUP (May 25, 1992)
A surface exploration program is being planned by Teck (TSE) for its recently optioned Mount Alcock project, 23 km from Ware in northern British Columbia. The major elected to exercise an option to ea…
Northern Crown looks to Mexico (May 25, 1992)
Gold and copper oxide targets are being actively sought by Northern Crown Mines (VSE) in Mexico, which the company believes is largely unexplored by modern techniques. At its Anita property in souther…
BCSC seeks to appeal Pezim case (May 25, 1992)
The British Columbia Securities Commission intends to ask the Supreme Court of Canada for leave to appeal a provincial court decision which recently overturned its finding that Murray Pezim and severa…
Wharf acquiring stake in Reward mine (May 25, 1992)
The chairman of Wharf Resources (TSE) says the company had an outstanding year in 1991. “Production is up, costs are down and potential for the property is excellent,” Robert McEwen said. “Negotiation…
Aber and Tyler active on diamond sample news (May 25, 1992)
Investors caught a dose of diamond fever during the week ended May 19 after BHP-Utah confirmed the existence of gem-quality stones on the Dia Met Minerals property in the Lac de Gras, N.W.T., area. Ne…
Cheni negotiates debt conversion (May 25, 1992)
To clean up its balance sheet, Cheni Gold Mines (TSE) recently reached an agreement with its major creditors for a conversion of most of its outstanding debt to equity. The company’s parent, Cheni S.A…
Struggling Northgate names new chairman, president (May 25, 1992)
Toronto-based Northgate Exploration (TSE) named a new chairman and president at its annual meeting and appointed an honorary chairman. John Kearney has moved to the chairman’s seat from the presidency…
Canmine’s challenge for Westray fund (May 25, 1992)
Mining and exploration companies are being challenged by Canmine Resources to match a $100 donation by the junior to the Westray Mine Disaster Fund. “Profits and incomes derived from the business of m…
Sudbury wins environment award (May 25, 1992)
The municipality of Sudbury, Ont., is recognized for its efforts in reversing some of the environmental damage caused by more than a century of nickel mining, logging and natural erosion. Along with 2…
Vietnam attracts Canadian miners (May 25, 1992)
A Canadian mining delegation will be heading off to northern Vietnam this fall to investigate investment opportunities and learn more about the country’s mineral potential, mining industry and new min…
Pioneer taking another look at Puffy Lake (May 25, 1992)
With a debt settlement and restructuring now behind it, Pioneer Metals (TSE) is reviewing the potential of reopening its 100% owned Puffy Lake gold mine in Manitoba. The company recently hired Kilborn…