Wye cuts gold at Saganaga Lake
Recent drilling by Wye Resources (CDN) on its Saganaga Lake property 85 miles west of Thunder Bay, Ont., has encountered further gold mineralization. Three holes totalling 500 ft. were drilled in Dece…
News
Canarc plans Polaris-Taku work
With the purchase of 94% of the outstanding shares in Suntac Minerals (VSE) now complete, Canarc Resource (VSE) is reviewing financing alternatives for further exploration and development work at the …
Correction (March 01, 1993)
BHP Minerals has the right to earn a 51% interest in three properties held by X-Cal Resources (TSE) near the Pipeline gold discovery in Nevada by spending a total of US$2.4 million on exploration over…
Pacific Talc continues tests
With a processed 150-tonne bulk sample of talc product on hand, Pacific Talc (VSE) is proceeding with further proprietary processing to produce a wettable talc pigment for large-scale testing by three…
Raymor tests La Motte sample
A preliminary study by the Centre de Recherches Minerales in Quebec City on a sample from a lithium property in La Motte Twp. near Val d’Or, Que., determined that the best concentration process is flo…
Kingswood acquires pair of prospects
Kingswood Resources (ASE) reports acquiring a 100% interest in two gold properties west of Timmins, Ont., both covering the western extension of the Destor Porcupine Fault zone. The Cripple Creek prop…
THE CANADIAN ECONOMY IN 1992
In 1992, Canada’s Gross Domestic Product (GDP) grew by an estimated 1.2%. This was a very modest gain in light of the reduced economic output that was recorded in each of the two previous years. Throu…
NEWS ROUNDUP — Gibraltar North not economic
An evaluation of the North copper zone by Gibraltar Mines (TSE) resulted in a decision not to proceed with development of the deposit as part of the company’s mining plan. The zone will not be include…
NEWS ROUNDUP — Starmin, Adex drill at Negros
Partial assays from drill hole 93-01 within the copper zone of the main orebody at the Asia Pacific project on the Philippine island of Negros intersected 285 ft. (50-335 ft.) of 0.68% copper, Starmin…
EXPLORATION AND DISCOVERY: NON-FERROUS METALS
ALUMINUM By Patrick Chevalier The international aluminum industry faced another difficult year in 1992. Western World demand for aluminum increased slightly over 1991. However, increased world product…
Newfoundland makes changes to mineral exploration policy
Several changes in mineral exploration legislation were recently announced by the Newfoundland and Labrador government, including: — The term of the exploration licence is increased to 20 years from …
LATIN AMERICA ROUNDUP — Eldorado options Almaden prospects
A letter of intent has been signed with Almaden Resources (VSE) concerning two gold properties in the Mexican state of Sinaloa, Eldorado (VSE) reports. Eldorado has been granted an option to earn a 51…