Hemlo drops Taurus option
After drilling five holes, Hemlo Gold Mines (TSE) has decided not to earn an interest in Lodestar Explorations’ (VSE) Taurus copper property, in eastern Alaska. Discovered 20 years ago, the porphyry d…
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STOCK MARKETS — Mining issues add sparkle to eastern stock
Gold and base metal stocks emerged as star performers on eastern markets during the week ended Mar. 23 as metal prices began to show some signs of life. They helped the Toronto Stock Exchange overcome…
STOCK MARKETS — Diamond fever gives boost to VSE resource
Diamond exploration returned to the limelight during the period ended March 23, helping to propel the Vancouver Stock Exchange resource index up more than 42 points to the 879 level. The composite ind…
TORONTO STOCK EXCHANGE INDICES (March 29, 1993)
Mar.23 Mar.22 Mar.19 Mar.18 Mar.17 High Low Composite”300″3598.73 3583.74 3576.99 3559.29 3540.99 4009.47 3009.91 Metals&Minerals 2958.58 2966.92 2906.74 2898.06 2879.69 3453.06 2502.63 Integrated Min…
Skyline reorganization planned
On April 22, shareholders of Skyline Gold (TSE) will be asked to approve a plan to create a debt-free subsidiary to hold all mining equipment and properties. If approved, Skyline’s assets would be tra…
TSE SHORT POSITIONS (March 29, 1993)
Semi-monthly reports as of Mar. 15, showed 67,018,621 shares of 655 issues compared with 54,644,263 shares of 620 issues on Feb. 28. Larger individual positions included: Aber 94,056, up 32,856; Adex …
Trans America options iodine property
The recent acquisition of a high-grade iodine project has expanded the assets of Trans America Industries (VSE) in South America. Through 37%-owned subsidiary, Boron Chemicals International (VSE), the…
LATIN AMERICA — Pacific acquires gold property
The Diablillos gold project is the second property recently acquired by Pacific Rim Mining (VSE) in Argentina. The first was La Colorada, a Sedex-type, massive sulphide prospect near the Aquilar distr…
LATIN AMERICA — Newmont eyes copper-gold project
A letter of agreement has set the stage for a unit of Newmont Mining (NYSE) to acquire 60% of the Fierro Urco copper-gold property in Ecuador. Newmont Overseas Exploration can do so from Ag Armeno Min…
Hillsborough, Southwestern enter search for diamonds in
A letter of intent allowing diamond exploration at the Rio Sono property in the Brazilian state of Minas Gerais has been signed by Hillsborough Resources (TSE) with Southwestern Gold of Vancouver. Hil…
McKnight visits the United Kingdom
Federal Mines Minister William McKnight recently visited the United Kingdom to attract international investors to Canada. Activities included meeting chief executives from energy and mining companies …
MSV, workers in tune at Chibougamau operation
The Copper Rand and Portage mines here were officially opened recently under the ownership of MSV Resources (ME) at a ceremony attended by business and government representatives. “This is a big day f…