News


Rio Algom sells potash division assets

Toronto-listed Potash Corp. of Saskatchewan (PCS) will buy the potash division of Rio Algom (TSE) for $160 million, plus working capital. Rio retains a royalty interest in the relevant properties. Alt…


Eritrea boasts potential

Eritrea, a newly independent African country on the Red Sea, holds solid potential for mineral deposits, according to a report by R. Rumbold et Associes. “Almost the whole of the country consists of P…


Republic signs second Cuban letter

Vancouver-listed Republic Goldfields has signed a second letter of intent with the Cuban government to explore and develop a large, 2,100-sq.-km. concession on the eastern side of the island. The conc…



Asia Minerals advances Chinese joint venture

An independent feasibility study prepared for Asia Minerals (VSE) by Cominco Engineering Services has firmed up reserves at the QDS project in Shanxi province, northeastern China. The deposit is estim…


Kennecott driving Lac de Gras ramp

It’s official. Kennecott has informed DHK Resources that it intends to extract a 5,000-tonne bulk sample from the Tli Kwi Cho (DO-27) diamond-bearing pipe in the Lac de Gras region of the Northwest Te…


Conwest, Faraday merger blessed

Conwest Exploration (TSE) and Faraday Resources (TSE) are officially wed, now that shareholders have voted in favor of merger. Also approved was a shareholder protection rights plan for the new compan…


NEWS IN BRIEF (September 06, 1993)

Braemont Resources (BMZ:VSE) has changed its name to Lumby Resources Corp. (LBY:VSE) with a consolidation of capital on a 1-new-for-2-old-share basis.





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