Ariel’s gold output growing
Production of 10,186 oz. gold was reported by Ariel Resources (VSE) for the fiscal year ended Sept. 30, 1992. Ariel operates the Tres Hermanos mine in Costa Rica. Processing occurs at the company’s Ma…
News
Loubel, Temisca raise funding
A pair of Quebec juniors headed by Gilles Fiset recently completed public offerings. Loubel Exploration (ME) says it raised $347,500, the proceeds to be used for exploration work at the Chassignole pr…
High River drills Snow Lake project
A deep drill program has commenced on High River Gold Mines’ (TSE) Snow Lake gold mine property near Snow Lake, Man. A deep drill hole has been positioned to intersect the Dick zone at the 3,200-ft. l…
Regal director makes trades
A director of Regal Goldfields (CDN) emerged as an active trader of the company’s shares last December, when an exploration program on Regal’s diamond properties was getting under way. According to th…
Mines minister promises review of regulations
The newly appointed minister of Energy, Mines and Resources Canada told British Columbia mining executives that his ministry will begin a review of the country’s current regulatory framework for resou…
ODDS ‘N’ SODS — Surprises at a state-run operation
After two and a half years of doing business with some of the largest mining corporations in Asia, we were excited to finally receive government approval to visit a new, state-run modern surface minin…
Northern Crown plans Mexican drilling
An initial 16-hole drilling program is set to start at the Guadalupe property owned by Northern Crown Mines (VSE). Drill footage on the Mexican property will total 6,000 ft. and test about 1,000 ft. o…
LETTERS TO THE EDITOR — Selloff depresses gold price
At a time of genuine economic crisis, the Bank of Canada is selling off our gold reserves at a dangerously high rate. Notwithstanding the security our formerly enviable gold reserves were able to prov…
NAFTA and the mining industry
The North American Free Trade Agreement (NAFTA), to take effect Jan. 1, 1994, will present the mining industry worldwide with a unified market with common external tariffs. The three NAFTA partners –…
COMMENTARY — Chinese visit South Africa
Cooperation arrangements between the mineral sectors of South Africa and the People’s Republic of China are in the offing after a recent visit to South Africa of a Chinese mineral delegation. Senior p…
PEOPLE — UNITED REEF PETROLEUMS (February 01, 1993)
Francois Boisvert appointed director, affaires Afrique and Bruce Attenborough appointed director, public relations.
TORONTO STOCK EXCHANGE INDICES (February 01, 1993)
Jan.26 Jan.25 Jan.22 Jan.21 Jan.20 High Low Composite”300″3312.82 3295.64 3275.97 3275.75 3290.14 4009.47 3009.91 Metals&Minerals 2778.76 2799.27 2777.67 2743.31 2745.51 3453.06 2502.63 Integrated Min…