EDITORIAL PAGE — Time to call it a day
We may never know what finally persuaded Prime Minister Brian Mulroney to announce his resignation, but we hope it had nothing to do with the current languishing conditions of the mining industry. Fir…
News
STOCK MARKETS — Diamond, gold players keep western markets
A number of issues posted gains on western markets during the week ended noon, March 3. Trading interest was once again triggered by diamond and gold exploration in the Northwest Territories, as well …
DHK plans drill program for Lac de Gras property
A drilling program is scheduled to get under way by March 15 on DHK Resources’ property in the Lac de Gras area of the Northwest Territories. Using Echo Bay Mine’s winter road camp at Lac de Gras as a…
Union suggests resources committee
A mining committee to manage Ontario’s resources is necessary in light of mine closures such as the recently announced shutdown of the Dona Lake gold mine of Placer Dome (TSE) in northwestern Ontario,…
Goldbar, New Island uncover gold zone
A gold zone has been discovered by partners Newfoundland Goldbar Resources (CDN) and New Island Minerals (ASE) on their 14,300-acre Glover Island property in central Newfoundland. The zone, called the…
Fancamp acquires gold property
Vancouver junior Fancamp Resources (VSE) has acquired 10 claims near the recent gold discovery made by PGE Resources (ASE) in the St. Croix sedimentary-volcanic terrane, 50 km north of Saint John, N.B…
McKnight leads Asian trade delegation
A Canadian business delegation led by Energy, Mines and Resources (EMR) Minister William McKnight is currently visiting Thailand, Korea and Japan. “These countries are important trading partners for C…
LETTERS TO THE EDITOR — Comparison not justified
In a recent article (T.N.M., Feb. 15/93) concerning the initial results obtained from the Outlet Bay diatreme, a comparison was made between the discovery of a microdiamond from this location and the …
OBITUARY — Paul E. Young
A former mining engineer with Rio Algom Ltd., Paul Young, died recently at Waterloo, Ont. He was 85. After graduating from the Michigan College of Mining and Technology in 1931, Young commenced a leng…
Fairfield ships more gold ore
A second shipment of high-grade gold ore containing a minimum 6,560 oz. gold was made by Fairfield Minerals (TSE) to Noranda’s Horne smelter in Eastern Canada. Fairfield has so far shipped a total of …
NovaGold resumes drilling program
A 1,500-metre drilling program is under way at its Sears Lake and Sewell Brook properties in northern New Brunswick, reports operator NovaGold Resources (TSE). The program is financed by Kennecott Can…
Spot prices at a glance (March 08, 1993)
Week’s Price (US) Change Gold* $329.55 – $0.80 Silver* $ 3.58 – $0.02 Platinum* $342.50 – $4.25 Nickel** $ 2.68 – $0.14 Lead** $ 0.19 $0.00 Copper $ 0.97 – $0.03 Zinc $ 0.46 – $0.02 Courtesy of Scotia…