NEWS ROUNDUP — William plans Clementine work
An option to earn a 50% interest in the Clementine gold property in Grevet and Franquet twps., about 30 km north of Lebel sur Quevillon, Que., is being negotiated by Ressources William (ME) with Lac M…
News
NEWS ROUNDUP — Soquem may boost Nelligan interest
An additional 20% interest in the Nelligan II property in the Chibougamau area of northwestern Quebec may be acquired by Soquem, says Orient Resources (ME). Orient says Soquem intends to pay $10,000 a…
LATIN AMERICA ROUNDUP — Princeton plans Chilean drilling
After completing preliminary geochemical and geophysical studies, Princeton Mining (TSE) expects to initiate a drilling program in early November on the Rio Lluta project near Arica in northern Chile….
NEWS ROUNDUP — Cusac to sign agency agreement
After negotiating for over a year, Cusac Industries (TSE) appears confident it will soon be able to conclude a deal to buy the Table Mountain gold project from Total Erickson Resources. Cusac owns a 3…
Royal Oak boosts Giant mine’s output in third quarter
Royal Oak Mines’ (TSE) Giant gold mine outside Yellowknife, N.W.T., increased gold production during the third quarter of 1992 compared to the second quarter despite a bitter strike which began May 23…
GUEST COLUMN — Dispelling prophecies of doom
Mining activities here in Canada are in decline even while metal demand worldwide continues to grow because of the vital role mining products play in our daily lives. But our industry is still seen as…
STOCK MARKETS — Lytton soars to high of 80 cents on soil
Having discounted weeks ago a rejection of the Charlottetown Accord, eastern markets strengthened in the days after a majority of Canadians voted against the deal. Bolstered by the positive investor r…
LETTERS TO THE EDITOR — Spirit Lake frustrates shareholder
I am a highly frustrated shareholder of Spirit Lake Explorations and have followed the company since the 1960s. Management in June said an incline was being considered at a cost of $1.5 million to obt…
LETTERS TO THE EDITOR — Alberta rich in ammonite deposits
Your recent article on Alberta ammonite (T.N.M., Sept. 14/92) was most interesting, but poorly researched and factually incorrect. With our involvement in the spring of 1986, there slowly emerged an a…
Eskay writedown, restructuring prompt Homestake’s 8-month
A net loss of US$111.4 million was reported by Homestake Mining (NYSE) for the 8-month period ended Aug. 31, which includes US$117 million of pretax expenses relating to its recent acquisition of Inte…
Hemlo Gold takes option on Duquesne
An option to earn a 50% interest in the Duquesne gold property north of Rouyn-Noranda, Que., has been acquired by Hemlo Gold Mines (TSE) from Radisson Mining Resources (ME). To earn its interest, Heml…
NEWS ROUNDUP — Ferrochrome plant subject of study
A study on the proposed construction of a ferrochrome plant in Tracy, Que., is expected to be completed early in 1993, says Ressources Minieres Coleraine (ME). Coleraine and provincial utility Hydro-Q…