T & H offering
T & H Resources (TSE) hopes to raise $296,000 through a rights offering. Each shareholder would receive one right for each common share held; eight rights will entitle the holder to subscribe for one …
News
Lac de Gras diamond venture no pipe dream
The pace of exploration may seem deliberate, yet every day, slowly but surely, BHP Minerals Canada and Dia Met Minerals (TSE) are one step closer to a production decision. The goal, Canada’s first dia…
NEWS IN BRIEF (March 29, 1993)
Vortex Energy & Minerals (VSE) has filed a preliminary prospectus for an offering of 1.5 million units worth 30 cents per unit. Each unit consists of one share and one warrant to buy one share exercis…
New reserves for Douay zone
Following winter drilling on its Douay property near Joutel, Que., Societe d’Exploration Miniere Vior (ME) has updated its reserves for Zone 531. Using a cutoff of 0.09 oz. gold per ton, a firm of ind…
No word on Ontario incentives
Several interesting ideas have resulted from a discussion paper on new incentives for mineral exploration in Ontario, says the assistant deputy minister for the province’s mines ministry. John Gammon …
Gold producers work to reduce cash costs
Faced with lower gold prices and shrinking profit margins, most North American gold miners continued to slash costs in 1992. In many cases, lower cash costs were accompanied by increased production. O…
Cyprus drilling intersects gold in Massicotte Twp.
Drilling by Cyprus Canada has intersected gold mineralization on Radisson Mining Resources’ (ME) Massicotte Twp. property north of La Sarre, Que. According to Cyprus, two of four holes drilled interse…
Viceroy, Channel drilling at Bruner
Viceroy Resources (TSE) and affiliated company Channel Resources (VSE) have started reverse circulation drilling at their Bruner gold project, in south-central Nevada. The companies combined can earn …
Equinox plans deep exploration
Equinox Resources (TSE) and Cominco Resources International (TSE) are amending their Buckhorn joint venture to allow Equinox to test the property’s potential for deep-seated gold mineralization. Equin…
OBITUARY — J.K. Godin
The former president and chief executive officer of gold-producer McIntyre Porcupine Mines, J.K. Godin, died recently. He was 82. A native of Eganville, Ont., he spent his working life with McIntyre, …
BCIT recruiting mining students
The British Columbia Institute of Technology (BCIT) is seeking help from industry in improving enrolment and placement in its mining program. Despite low enrolment, a recent survey indicates the minin…
OGS unveils aeromag data base
The Ontario Geological Survey (OGS) is demonstrating its new aeromagnetic data distribution system at this week’s conference of the Prospectors and Developers Association of Canada. Data for precise a…