OBITUARY (June 08, 1992)
James Albert Pike James Albert Pike, a past president of the British Columbia & Yukon Chamber of Mines, died May 23 in Vancouver. Born in Humboldt, Sask., in 1906, Pike graduated from the University o…
News
Agnico affiliate keeps location of diamond find secret
The companys stock recently reached a new high of $2.35 before falling back to $1.85, compared with a 52-week low of 15 cents. Although Sudbury Contact declined to comment on the exact location of the…
METALS MARKETS (June 08, 1992)
Base metal markets are exhibiting signs that the long downturn may be nearing an end. Scrap generation is low and any pickup in demand must draw on relatively small inventories in producers’ hands and…
Analyst bullish on base metals
When we entered the current recession seems not to be an issue, but when we started to come out of it is, writes metals analyst Ray Goldie of securities firm Richardson Greenshields: In March 1990, th…
Technological improvements bolster Campbell mine
In an age when precious metal producers are struggling with the bottom line, the Campbell mine of Placer Dome (TSE), in the heart of the Red Lake gold camp, is ploughing through tough times with an en…
Private funding for Kenora prospect
A private company from Alberta has agreed to raise the financing required to begin advanced exploration on Kenora Prospectors and Miners’ (CDN) gold prospect in northwestern Ontario. In return for an …
Diamond fever at Kirkland Lake
Some of the limelight focused on the Lac de Gras diamond play is finding its way back to Kirkland Lake, Ont., home of the first kimberlite discovery in Canada. Since that initial find in 1968, at leas…
Verdstone options Victorine mine
In return for a US$5,000 option payment, Verdstone Resources (VSE) recently acquired the right to lease the Victorine mine about 50 miles north of Round Mountain in central Nevada. The option is exerc…
Quail drilling intersects values
The first two holes in this year’s drilling program on the Golden Quail property in San Bernardino Cty., Calif., returned gold values for joint venture partners Golden Quail Resources (VSE) and Golden…
Newfoundland’s mines minister buoyant about minerals sector (June 08, 1992)
Three years ago, Rex Gibbons typed a short resignation letter and walked out the door of the Newfoundland Department of Mines where he had worked as a senior geologist for 13 years. One month later he…
Asarco poised for metal price upswing
Commenting on the 1991 performance of Asarco (NYSE) at a recent meeting of the Toronto Society of Financial Analysts (TSFA), Chairman Richard de J. Osborne said it was “not a great earnings year.” Asa…
Franklin awarded top medal twice at GAC-MAC meeting
(Staff) — The Duncan R. Derry Medal — the highest award that can be bestowed on a geoscientist in Canada — was given here twice recently to Jim Franklin of the Geological Survey of Canada (GSC). Th…