Inco offering increases in size
An underwriting group will offer six million shares of Inco (TSE) to the public. Initially, the underwriting involved five million shares, but, because of investor demand, Inco decided to boost the of…
News
Nucore, New Aegis plan Venezuelan work
A second phase of work is planned for the NCJ gold concession in east-central Venezuela. A 1993 program by owners Nucore Resources (VSE) and New Aegis Resources (VSE) focused on geochemical and geophy…
Correction (December 27, 1993)
Information on ownership of claims of Strike Minerals (CDN) and CopperQuest (CDN) was incorrectly reported in T.N.M., Dec. 20/93. The two companies staked the 5-claim blocks (35 units) in Ontario’s Fa…
Heath in Cuban drilling venture
An affiliate of Heath & Sherwood Drilling (1986), Heath & Sherwood International of Willowdale, Ont., has formed a joint venture with Geominera S.A. to provide contract exploration drilling services f…
Despite obstacles Ontario attracting miners
In spite of high taxation rates, compensation costs and land tenure and access problems, Ontario is still an attractive place to mine minerals. That was the message delivered at a Mineral Development …
High River hits wide Snow Lake intercept
High River Gold Mines (TSE) has encountered significant gold mineralization on its Dunlop Snow Lake property in Manitoba. Hole HR-93-03, drilled to test the updip portion of the Birch zone at the 200-…
Cirque and Sa Dena Hes bought by Teck, Cominco
Associated companies Teck (TSE) and Cominco (TSE) each plan to acquire 25% of the Cirque and Sa Dena Hes zinc-lead properties in Western Canada. The balance will be owned by two offshore partners, Kor…
Channel Res. lands W. African gold
Agreements to explore three large gold concessions in Burkina Faso gives Channel Resources (VSE) control of 5,700 sq. km of ground in West Africa. The company can earn up to a 95% interest in the SOMI…
MacGregor optimistic about mining
Mining does have a future, says longtime industry player Sir Ian MacGregor. Addressing a recent luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), MacG…
EDITORIAL PAGE — 1993 report card
This was the year the world came knocking on Canada’s mining door. Representatives from countries around the globe came to entice Canadian explorers abroad. They came for our mine-finding and mine-bui…
LATIN AMERICA — Mexico acts to encourage private mining
The Mexican mining industry has been forced to undergo a restructuring the likes of which it has never experienced, according to the Mexican Investment Board. The reorganization has been triggered by …
Spot prices at a glance (December 27, 1993)
Week’s Price (US) Change Gold* $386.40 + $0.50 Silver* $ 5.00 $0.10 Platinum* $385.50 + $0.25 Nickel** $ 2.40 + $0.05 Lead** $ 0.21 + $0.00 Copper $ 0.81 + $0.03 Zinc $ 0.45 + $0.01 Courtesy of Scotia…