Nebex focuses on Daigle Lake
Nebex Resources (ASE) is planning more drilling on its Daigle Lake gold property near Yellowknife, N.W.T. It will focus on the MLT zone, which is part of the Shear 20 structure. MLT is 2,000 ft. long …
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Development plan for Porcher Island
A feasibility study by Westmin Resources (TSE) will evaluate the viability of mining the Porcher Island gold deposit near Prince Rupert, B.C. Westmin can earn a half interest in the former producer fr…
NEWS ROUNDUP — Belore acquires Nova Scotia gold play
Alberta-listed Belore Mines is acquiring a numbered Nova Scotian company which owns 149 claims in the South Brookfield gold district of the maritime province. Belore will issue 400,000 shares and 200,…
NEWS ROUNDUP — Graphite sales up 6% for Stratmin
North America’s largest producer of natural graphite, Stratmin (ME), has reported a 6% increase in sales. The company sold $12 million worth of graphite in 1993, compared with $11.3 million in 1992. M…
Lac buys copper treatment plant
Compania Minera San Jose, a wholly owned subsidiary of Lac Minerals (TSE), is paying US$22 million for a 33.3% equity interest in Refimet S.A., a Santiago-based company which owns and operates a coppe…
Ramrod to acquire San Andreas
Toronto-listed Consolidated Ramrod Gold is poised to acquire all issued and outstanding shares of San Andreas Resources (VSE). According to an agreement in principle, one common Ramrod share plus one …
LAST BUT NOT LEAST — Crown to list Solitario
Denver-based Crown Resources (TSE) plans to list its 85.7%-owned subsidiary, Solitario Resources, on the Toronto Stock Exchange. The company filed a preliminary prospectus for an initial public offeri…
LAST BUT NOT LEAST — Crude steel output on rise
Developing countries produced 127.8 million tonnes of crude steel in 1993, up 9% from 1992, the International Iron and Steel Institute reports. It was the first year in which global production in thes…
LAST BUT NOT LEAST — Correction (April 11, 1994)
Producer Rio Algom (TSE) generated revenue of $22.1 million in 1993 from the combined disposition of its interests in El Condor Resources (VSE), St. Philips Resources (VSE) and two other portfolio inv…
Geoscientists continue international focus
With domestic work for Canadian geoscientists having diminished over recent years, many individuals and companies are being forced to broaden their horizons and search for opportunities outside the co…
LATIN AMERICAN SPECIAL — New Mexican mines producing
Foreign influence on mining in Mexico continues to be felt with the recent openings of new gold mines. Long-time Mexican producers such as Torrez, whose foreign ownership (30%) today belongs to Homest…
Production planned for Mt. Hamilton
With the recent closing of a $24-million financing, the Mt. Hamilton gold project in eastern Nevada is one step closer to production. Rea Gold (TSE) plans to use the net proceeds ($22.8 million) from …