ASARCO to earn stake in Taseko
The Canadian unit of ASARCO (NYSE) recently signed a letter of intent allowing it to earn up to a 60% interest in the Taseko copper-gold-molybdenum property, 140 miles north of Vancouver, B.C. Under t…
News
OBITUARIES Robert McCombe managed Ketza River
Robert (Bob) McCombe, general manager of the Ketza River gold mine at Ross River in the Yukon, died in Peachland, B.C., May 1. He was 64. McCombe was born in Dorval, 0000,0600 Que. After serving overs…
Geoscientists in Nfld. required to register
Geologists, geophysicists and geoscientists in Newfoundland are now required by law to register with their professional association before they can practice. This applies to individuals in all fields …
Vancouver Stock Exchange Trading on Vancouver exchange sets records
Predictions of record volumes and values on the Vancouver Stock Exchange were proven true for the week ended June 5, with the exchange recording a record daily volume on May 31 of 32.2 million shares,…
EDITORIAL PAGE Weather watchers
Mark Twain once complained that everybody talks about the weather but nobody ever does anything about it. Well, had he lived in Ontario in 1990, his complaint might never have arisen. In that enlighte…
Agnico says share price thwarted plans
An Agnico-Eagle Mines (TSE) shareholder was claiming victory recently after the company elected not to proceed with a public offering to raise $40 million for exploration at its properties. Jacques Fo…
Canadians could play role in Venezuela’s mining sector
A senior official of Venezuela’s Ministry of Energy and Mines was in Toronto earlier this month to attract Canadian investment. Until recently, foreign mining companies have been restricted from inves…
Curragh sets mining plan for Hundere lead-zinc bet
Just two weeks after becoming a public company, Curragh Resources (TSE) is attempting to raise the $70 million needed to bring its 80% owned Mt. Hundere lead-zinc project into production. After comple…
Cameco drops diamond option
An option to earn an interest in diamond exploration properties near Sturgeon Lake in northern Saskatchewan from Claude Resources (TSE) has been terminated by Cameco. The uranium producer made its dec…
Chutine signs deal on Mexico copper bet
Toronto-based Chutine Resources (VSE) has concluded a formal option agreement to acquire the remaining 51% of the shares of Minera Sanex S.A., it does not already own. Chutine formerly held 49% of the…
Curragh completes public stock sale
The subordinate voting shares of Curragh Resources (TSE) have been listed for trading on the Montreal and Toronto stock exchanges, following completion of the company’s initial public offering earlier…
Newhawk resumes drilling at Sulphurets
A $1.2-million drill program totalling 18,000 ft. has started on the Sulphurets property, owned 60% by Newhawk Gold Mines (TSE) and 40% by Granduc Mines (TSE). The program is designed to test the down…