Miner Details (June 08, 1992)
Spring is annual meeting time, and no better opportunity exists for shareholders and media types to catch a glimpse of the corporate culture and personalities behind Vancouver’s mining companies, whic…
News
Bulk sample at Raglan (June 08, 1992)
Activity at the Raglan nickel-copper property in northern Quebec increased dramatically with the decision by Falconbridge last year to proceed with $35 million in advanced exploration and development …
Preferred shareholders halt Eastmaque, Equinox merger
A proposed merger between Equinox Resources (TSE) and Eastmaque Gold Mines (TSE) hit a regulatory snag when the British Columbia Supreme Court recently declined to approve the combination. The two com…
On the Level (June 08, 1992)
My thoughts this time have little to do with mining, except they do centre around former mines minister Marcel Masse, one of the most extravagant spenders in the Ottawa hierarchy. With his ilk in cabi…
Union sees Westray reopening
A spokesman for the union representing miners at the Westray coal mine in Nova Scotia says the mine could reopen. “I am sure there is a need for this type of low sulphur coal and we are taking the vie…
Rayrock plans Marigold drilling
Drilling at the Marigold gold project in Nevada, south of the East Hill deposit, indicates potential for additional heap leach reserves, Rayrock Yellowknife Resources (TSE) reports. The company, which…
Placer Dome’s Pipeline find subject of Gold Fields’ lawsuit
A unit of Placer Dome (TSE) is continuing work on the Pipeline gold deposit in Nevada although Gold Fields Mining recently launched a lawsuit seeking the return of claims believed to contain about 45%…
Editorial Page (June 08, 1992)
Pity the officers and directors of Consolidated Professor Mines. Their efforts since 1973 to make a mine in northwestern Ontario came tantalizingly close to fruition in 1989 but since then have been t…
Fischer-Watt sells stake in Hayden Hill property
In a move to eliminate its long-term debt, Fischer-Watt Gold (NASDAQ) recently agreed to sell its 5% net operating profit royalty in the Hayden Hill property to Amax Gold (NYSE) for about US$3 million…
Lockwood program cut short
After drilling the fourth hole of this year’s drilling program, Kennecott opted to suspend drilling operations on the Lockwood property near Everett, Wash. Kennecott can earn a 51% interest in the pro…
Spot prices at a glance (June 08, 1992)
Week’s Price (US) Change Gold* $339.85 + $1.40 Silver* $ 4.09 – $0.01 Platinum* $376.75 + $11.25 Nickel** $ 3.35 0.00 Lead** $ 0.24 + $0.01 Copper $ 1.01 0.00 Zinc $ 0.64 0.00 Courtesy of Scotiabank. …
Quebec juniors find financing is scarce
While the outlook for mining in Quebec this year is bleak, the long-term future of mining exploration in Quebec remains promising, says Michel Bouchard, president of the Association des Prospecteurs d…