Significant gold intercept at Verneuil Twp.
A recently completed drill hole on the Verneuil Twp. gold property of Freewest Resources’ (TSE) in northern Quebec appears to have intersected significant gold mineralization. Hole VP92-10, drilled to…
News
Copper looms large in Rio Algom’s future
Cut loose during a period of depressed metal prices and a stale global economy, producer Rio Algom (TSE) is out to prove it can make it on its own. A major copper project in Chile should give the Toro…
Sagging gem sales hurt Canadian play
Fresh evidence of a deteriorating diamond market threw some cold water on Canada’s diamond exploration play in the first half of January. South Africa’s De Beers, which controls the diamond cartel, sa…
Glen Auden enters diamond hunt
Subject to regulatory approval, Glen Auden Resources (CDN) has acquired a 100% interest in two claim groups north of Kirkland lake, Ont. The claim blocks cover clusters of circular magnetic anomalies,…
Dutch unload gold reserves
The Dutch central bank was reported to have sold 400 tonnes of gold, equal to about one-quarter of its total gold reserves. Analysts said The Netherlands may be using the money from the sale of the go…
NEWS ROUNDUP — Trader releases Mikwam drill results
Vancouver junior Trader Resource (TSE) has completed three additional drill holes on its Mikwam property in the Casa Berardi area of northern Quebec. The holes tested an area of previously known miner…
NEWS ROUNDUP — Noranda cancels Parquet option
Noranda Exploration, a unit of Noranda (TSE), has informed Parquet Resources (ME) that it does not intend to make its next option payment of $40,000 on Parquet’s Duparquet Twp. property near Rouyn-Nor…
NEWS ROUNDUP — Ontario suffers drop in spending
Exploration and development expenditures in Ontario dropped by 31% to an estimated $300.8 million in 1992, according to the Ministry of Northern Development and Mines. General and mine-site exploratio…
NEWS ROUNDUP — Vior drilling Douay property
Three drills are active at the Douay gold property of Societe d’Exploration Miniere Vior (ME) near Joutel, Que., the company reports. Aim of the $600,000 drilling program is to increase the reserves o…
GUEST COLUMN — Claim jumping government style
In September, 1991, Michael Harcourt, then leader of British Columbia’s opposition, said: “We believe that compensation should be paid for the loss of pre-existing mineral rights in new park or wilder…
Calgary Forum calls for papers
The Calgary Mineral Exploration Group Society is seeking speakers and exhibitors for its second Calgary Mining Forum to be held March 3-4. The theme of this year’s conference is “Mineral industries –…
Aronos plans private placement
A $1-million private placement, subject to shareholder approval, is planned by Aronos Multinational (CDN) for its gold project in the Mexican state of Sonora. The placement will involve the issue of o…