Haile reserve tops 13 million tons
The Haile property near Kershaw, S.C., has proven and probable reserves of 13.2 million tons grading 0.091 oz. gold per ton, a consulting group estimates. Piedmont Mining (NASDAQ), 37.5% owners of the…
News
Cyprus hedges
A price protection program ensures that Cyprus Minerals (NYSE) will receive a minimum average sales price of about US94 cents per lb. on about 90% of its projected 1993 copper sales. The program also …
Flag to deepen Wanapitei holes
Having intersected a wide magnetite zone in two holes collared two miles apart on its Wanapitei holdings in Mackelcan Twp., Ont., Flag Resources (ASE) plans to use a larger drill to deepen the holes. …
Golden Star locks up golden deal
A deal to acquire two properties in French Guiana has been signed by Golden Star Resources (TSE). The first property, known as St. Elie, covers 39 sq. miles (100 sq. km) and was formerly the largest p…
Airborne geophysics and mineral trains — Canadians advance
Speakers from around the world gathered here at a recent conference to discuss new developments in the search for diamonds in several parts of Canada. Donald Mustard, past president of the Canadian Ge…
Canada Talc oldest producer in Ontario
If one were asked to name the oldest continuously producing mine in Ontario, the prolific gold mines of Timmins and Kirkland Lake may spring to mind. Few would guess that the province’s oldest mine is…
Diamond players coy about spending — NWT survey reveals
Exploration expenditures in the Northwest Territories are expected to surpass $52 million this year, according to the annual survey of the N.W.T. Chamber of Mines. This level easily surpasses the $38….
East meets West on the diamond trail — Russians study
He has yet to visit the Lac de Gras diamond exploration camp of the Northwest Territories, but Nikolai Sobolev is not surprised that the primary exploration method used involves tracing indicator mine…
NEWS IN BRIEF (May 31, 1993)
Akiko-Lori Gold Resources (AKI:VSE) and Omega Gold Corp. (OGC:VSE) have amalgamated to form Akiko Gold Resources Ltd. (AKI:VSE) with a consolidation of capital as follows. Shareholders of Akiko-Lori r…
Budget changes affect juniors
Mining-company representatives were one of the few groups smiling after studying Ontario’s new budget, says a Canadian Press report. The industry is applauding the government’s capital tax relief for …
Faro re-opening possible — Curragh lands Korean equity
Operations at the Faro lead-zinc mine in the Yukon are expected to resume in September following a financing agreement among two Korean companies and Toronto-based Curragh (TSE). Under the agreement, …
Communications workshop set
A workshop on mining-related communications will take place June 7 and 8 in Sudbury, Ont. The workshop is an outgrowth of the Intergovernmental Working Group on the Mineral Industry and the Whitehorse…