Tombill offering to buy back shares
Tombill Mines is making an offer to buy back all of its outstanding class A voting shares and class B non-voting shares at $3.05 per share. The offer will be made through the facilities of The Toronto…
News
Rea, BMR to proceed with Comstock
A formal joint venture agreement between Rea Gold (TSE) and BMR Gold (TSE) was recently completed for the development of the Comstock gold project near Carson City, Nev. To earn a 50% interest in the …
Ecum Secum is attracted by Cobequid Hills geology
A private exploration company, Ecum Secum Enterprises of Truro, N.S., is speculating that the geology of the Cobequid Hills, Colchester Cty., N.S., may be similar to that of the prolific western-state…
Siam’s Tak mine in operation
The Tak feldspar mine in northeastern Thailand began operations in December, Siam Trading (ASE) reports. Siam, which has a 45% interest in the project, says the deposit contains reserves of about 11 m…
Magma posts record annual output
Arizona-based Magma Copper (NYSE) has announced record production of 768 million lb. copper at a net cash operating cost of 66 cents per lb. in 1992. President Burgess Winter told a recent gathering o…
EXPLORATION AND DISCOVERY: COBALT
The cobalt content of metal concentrates produced in Canada in 1992, as reported in the statistical tables, is 2.2% higher than in 1991. However, the worth of the 1992 production, $136.9 million, is 7…
PROFESSOR KRIGE RESPONDS
With reference to “Kriged Variances Fatally Flawed (September, 1992), I want to draw the author’s attention to several facts of which he is evidently not aware: 1. Effectively, geostatistics originat…
EXPLORATION & DISCOVERY: CHRONIUM
Canada imports all of its chromium requirements, mostly as natural ores and concentrates, but also as ferrochromium. In the first nine months of 1992, imports of ores and concentrates fell by about 22…
OBITUARY — Heinz Veerman
Heinz Veerman, a well-known prospector-geologist died Feb. 16, at his home in West Vancouver. He was 61. Veerman was a principal of Veerman Botel, a Vancouver-based consulting firm. Prior to that, he …
Verneuil Twp. stepout — Freewest intersects 0.29 oz. across
Drilling on the Verneuil Twp. gold property in northwestern Quebec continues to yield encouraging results, including a 20.3-ft. interval grading 0.29 oz. gold per ton from hole VP93-22, a wide stepout…
Nerco’s Con gold mine at Yellowknife, N.W.T., is part of the
Major North American metals producer Kennecott is bidding for control of Nerco (NYSE). Kennecott’s parent, international mining house RTZ (NYSE) of London, says Kennecott of Salt Lake City, Utah, is o…
Pipeline studies are under way
Contrary to what appeared in the Feb. 15 issue of The Northern Miner, permitting and economic studies are under way for the main Pipeline gold deposit in Nevada. This advanced project is held by the C…