NEWS ROUNDUP — Test mining done on Rio Yaqui
Toronto-based Exall Resources (TSE) has completed test mining on three areas of the Rio Yaqui placer gold project in Hermosillo, Mexico. Results from one of the areas were positive and the company thi…
News
NEWS ROUNDUP — Placer drops Stockade property
A unit of Placer Dome (TSE) has terminated a joint venture with Carlin Gold (ASE) on the junior’s Stockade Mountain gold property in eastern Oregon. Carlin President William Long said that, despite si…
Ram hoping to advance Ontario wollastonite deposit
Having processed a bulk sample from its wollastonite property, 55 km north of Kingston, Ont., Ram Petroleum (TSE) is looking to advance the project to production. Last fall, a 150-ton bulk sample was …
Drilling continues at 1100 lens
Project partners Audrey Resources (TSE) and Metall Mining (TSE) have released the latest drilling results from the 1100 lens underground project in northwestern Quebec. Assays from seven holes totalin…
METALS COMMENTARY — Metal prices gathering steam
The strong markets that started the year continue to benefit from reasonable demand and speculative activity on the part of investors, particularly in base metals. Stock markets normally lead physical…
NEWS ROUNDUP — Canmine drills FER property
Drilling has started on Canmine Resources’ (CDN) FER property near Flin Flon, Man. The first hole of the program will be drilled vertically to a depth of 2,000 ft. The work will test electromagnetic a…
Cease-trading order extended for Curragh
A cease-trading order against Curragh (TSE) has been extended indefinitely. The order, dated Dec. 22, 1993, was extended after Curragh failed to appear before an Ontario Securities Commission hearing …
LETTER TO THE EDITOR — Junior explorationists find the going
The article “Despite obstacles, Ontario attracting miners” (T.N.M., Dec. 27/93) is stretching the truth to some extent. Mining executives at the 2-day symposium in Toronto organized by Ontario’s Minis…
Potash papers are subpoenaed in antitrust case
Documents relating to the North American activities of Toronto-listed Potash Corp. of Saskatchewan (PCS) and its subsidiary, Potash Corp. of Saskatchewan Sales, have been subpoenaed by the antitrust d…
Student engineers in competition
The 10th annual Canadian Engineering Competition is scheduled for March 4 and 5 at Toronto’s downtown Novotel Hotel. Some 100 undergraduate engineering students from across Canada will compete in one …
THE DIAMOND PAGE — Diamond Fields acquires producing pipes
Having completed a positive technical review, Diamond Fields Resources (VSE) is proceeding with the acquisition of a 66.67% controlling interest in two producing kimberlite diamond mines in South Afri…
Alberta exchange activity at record levels in 1993
The Alberta Stock Exchange (ASE) set records in 1993 in trading volume, trading value and total financing. Total trading volume exceeded 2.2 billion shares, up 157% from 1992. Total trading value incr…