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…
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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 $…
Princeton’s debenture holders asked to convert to equity
An extended slump in the price of copper has prompted Princeton Mining (TSE) to seek changes to the terms of its convertible debentures. Holders will be asked to convert the $12 million in debentures …
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. …
Curragh’s control of assets slips
Time is running out for troubled Curragh (TSE), which lost control of virtually all its remaining assets at a recent court hearing in Toronto. Ontario Court Justice James Farley granted a request from…
Fipke `really happy’ with diamonds’ quality — Economic pipes
Partners Dia Met Minerals (TSE) and BHP Minerals Canada appear to have three economic diamondiferous kimberlite pipes on their land package in the Lac de Gras region of the Northwest Territories, plus…
New Ontario discharge levels
New Ontario government regulations will require mining companies operating in the province to reduce emissions of five toxic heavy metals and cyanide by an average of 40% by 1996. Mines and metal refi…
LETTERS TO THE EDITOR — Ignorance a threat to mining’s
The following came from recent conversations: “I’m sure they can find ore deposits in areas that are not environmentally sensitive.” (I tried to explain that areas do not become “environmentally sensi…
NEWS ROUNDUP — Teck, Equinox in Bolivia
A joint-venture agreement provides with US$500,000 in funding for three Bolivian properties. Teck (TSE) will provide funding by early 1994 and can maintain a 51% interest in any of the properties by f…
Goldbelt Resources lands Pegasus funding
Partial funding for a gold-silver tailings project in Kazakhstan is at hand for Goldbelt Resources (VSE). The company has signed an agreement in principle with Pegasus Gold (TSE) for US$18 million. Th…