News

Environmentalists take Crown Butte to court

Further complicating what has proved to be a lengthy permitting process at the New World project, nine conservation groups have filed alawsuit against Crown Butte Resources (TSE), alleging water quali…


Silver Ridge plans 5,000-ton sample

International Silver Ridge Resources (VSE) is proposing to bulk-sample 5,000 tons from the Iron Colt project in the historic Rossland camp of southern B.C. The company has acquired a half interest in …


Cumberland drill results released

Results from six widely spaced targets on the Meliadine River project, 10 miles north of Rankin Inlet, N.W.T., have been released by partners Cumberland Resources (VSE) and Comaplex Resources (TSE). T…


East West expands Timmins project

The Timmins camp of northern Ontario continues to serve as an exploration focus for East West Resource (VSE) and associated company Cross Lake Minerals (VSE). Cross Lake has a joint venture with Noran…


Rayrock award

Rayrock Yellowknife Resources (TSE) will receive the 1993 DuPont-Conoco Environmental Leadership Award, which honors exceptional environmental achievement in the hard rock mining industry. The announc…


Lac’s strategy involves boosting reserves

Toronto-listed Lac Minerals is spending more to increase gold reserves at existing mines and properties. At El Indio and Tambo in Chile, US$5 million will be spent in a multi-year campaign to boost re…


Wheaton trenches new gold zone

Still in the early stages of a $3.5-million exploration program, Wheaton River Minerals (TSE) has discovered new gold mineralization at its Golden Bear mine in the Yukon. The zone was uncovered when a…


Skyline acquires limestone interest

A purchase agreement with Auspex Gold (VSE) gives International Skyline Resources (TSE) the right to acquire half of an oolitic limestone deposit in Idaho. Skyline will pay Auspex $500,000 over a year…


Cyprus options Massicotte gold play

Colorado-based Cyprus Canada can acquire an initial 60% interest in the Massicotte gold property of Ressources Minieres Coleraine (ME). The property is 125 km north of La Sarre, Que. Cyprus must pay $…



EDITORIAL PAGE — Worth the wait

The BHP-Dia Met results reported last week should finally convince most of the remaining naysayers that the Lac de Gras diamond prospect is more than a moose-pasture scam to lure unwitting investors. …



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