News


Coeur d’Alene garners award

Idaho-based Coeur d’Alene Mines (NYSE) has been placed on the 1993 Honor Roll of the Star award by the National Environmental Development Association (NEDA) in the U.S. The precious metals producer wa…




DIAMOND PAGE — Record diamond sales

Sales of rough diamonds by De Beers’ Central Selling Organization (CSO) were US$2.54 billion in the first half of 1993, 42% higher than in the corresponding period a year ago. In dollar terms, sales i…



Prime proposes Stikine merger

After negotiating for more than a year, Homestake Canada and Placer Dome (TSE) have reached a stalemate on a proposal to convert Placer’s 44% interest in Stikine Resources to a direct interest in the …


Abior, Soquem in option deal

Montreal-listed Explorations Abior can earn a 50% interest in an 18-claim diamond property in the Desmaraisville area of northwestern Quebec, near Le Tac Twp. The deal is part of an option agreement w…


Latest Verneuil drilling returns lower gold values

Drilling at the Verneuil Twp. gold property of Golden Tag Resources (VSE) and Consolidated Gold Hawk Resources (ASE) in northwestern Quebec intersected the shear zone in almost every hole targeted in …



Claude files proposal for bankruptcy

Saskatchewan-based junior Claude Resources (TSE) has filed for bankruptcy to restructure debts owed to several major creditors. The largest creditor, Western Canadian Shopping Centres, which is owed $…


Mineral tenure dispute surfaces in Venezuela

At least one Canadian mining company could be affected by the outcome of a petition, filed in the Supreme Court of Venezuela, which challenges the authority of a state holding company to assign minera…


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