Arbor, Wealth projects returned
Several grassroots exploration prospects were returned to Wealth Resources (VSE) and Arbor Resources (VSE) after various joint venture partners failed to return significant mineralization from 1992 ex…
News
NEWS ROUNDUP — Adonos and Bellex amalgamating
The amalgamation of Adonos Resources (TSE) and Bellex Mining (VSE) has been approved by shareholders of both companies. The name of the amalgamated company, to be based in Vancouver, is ADEX Mining, a…
NEWS ROUNDUP — Chase hires a fiscal agent
A fiscal agency agreement was recently completed between First Marathon Securities and Chase Resource (VSE). Under the terms of the agreement, First Marathon will act as fiscal agent and financial adv…
Sopko to speak at CIM dinner
Guest speaker at a “student’s night” dinner Jan. 21 at Toronto’s Royal York Hotel will be Michael Sopko, chairman and chief executive officer of Inco Ltd. The dinner is sponsored by the Canadian Insti…
Cogema enters option agreement with Eastfield at Spanish
A recent agreement between Eastfield Resources (VSE) and Cogema Canada gives Cogema the right to earn a 51% interest in the Spanish Mountain property in northern British Columbia. Cogema can earn the …
Two additional holes drilled at Moss Lake
Two additional drill holes have been completed by Central Crude (TSE) on its Moss Lake gold property 50 miles west of Thunder Bay, Ont. Both holes encountered low-grade gold mineralization. The best i…
HudBay positions itself for growth
With two mines in Manitoba having closed in the last 18 months, and two others in the Snow Lake division approaching the end of their productive lives, Hudson Bay Mining and Smelting (TSE) might seem …
GSC geochemical wing at `critical crossroads’
The geochemical exploration arm of the Geological Survey of Canada (GSC) is at a “critical crossroads,” says a recent report by a Canadian Geoscience Council advisory committee. Appointed in 1988, the…
EDITORIAL PAGE — The gold market
In terms of economic cycles, 12 years is a long time to wait for a turnaround. Patience may be a virtue, but for gold bugs, the return of the yellow metal’s price to some form of respectability is lon…
STOCK MARKETS — Diamond issues fall on Tenby report, Joutel
Investors in the gold and diamond market found little to cheer about in the first days of the new year as bullion tumbled to a 7-year low and diamond stocks responded to a “disappointing” news release…
Hemlo Gold, Lodestar plan drill program for Taurus
Results from Noranda Explorations’ initial work program on the Taurus property have prompted partners Hemlo Gold Mines (TSE) and Lodestar Explorations (VSE) to plan a drill program for early 1993. Hem…
Record trading year for ASE
It was a record year for the Alberta Stock Exchange, which had almost $1 billion in trades in 1992. The volume of trades rose by about 31%, to 865 million shares, from the previous year, the Canadian …