Hughes revising Nova-Cogesco bid
Following the expiry of a previous offer to increase its stake in Nova-Cogesco Resources (TSE), Hughes Lang (VSE) and its subsidiary Orofino Resources (TSE) intend to make a second offer for the cash-…
News
Union launches breach-of-trust action against Cominco
The United Steel Workers of America has launched a breach-of-trust action against Cominco (TSE), claiming the company improperly used surplus pension funds. The union charges that surpluses earned in …
St Andrew increases stock mine reserves
Because of mining experience and diamond drilling results, St Andrew Goldfields (TSE) has announced a significant increase in reserves for the West zone at its Stock mine east of Timmins, Ont. As of A…
EDITORIAL PAGE — Misleading statistics
The legacy of flow-through is still with us. Long after the tax-driven incentive for mineral exploration has fallen out of favor, the statistics it generated are working against the industry’s effort …
LETTERS TO THE EDITOR — B.C. ignores promising anomaly
Sustainable mining requires continuing explorations especially along certain stratigraphic zones found to be ore-bearing in one locality, like the Faro belt in Yukon. I have worked extensively with so…
PEOPLE — DESSIR RESOURCES — Stuart Rogers and Kevin Wu
Noted geophysicist Philip Hallof, who specialized in induced polarization (IP), died Sept. 21. He was 61. Born in Missouri, Hallof earned his doctorate at the Massachusetts Institute of Technology in …
METAL PRICES — FREE MARKET (September 28, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Sept. 22 Sept. 21 Sept. 18 Sept. 17 Sept. 16 Copper 1404-1405 1417-1419 1382-1385 13…
NEWS ROUNDUP — Breckenridge options Spanish ground
Breckenridge Resources (VSE) has optioned the Eldorado mineral concession in Malaga province, Spain, from Harlequin Resources. The 2-year deal allows Breckenridge to earn 100% interest in the property…
Queenston drilling at Amalgamated
A recent hole drilled at Queenston Mining’s (TSE) Amalgamated Kirkland property in Kirkland Lake, Ont., has returned a 27.9-ft. intersection grading 0.19 oz. gold per ton. Hole AK92-45 was one of four…
Drill results should boost Williams Creek reserves
Initial results from this year’s drill program have partners Western Copper Holdings (VSE) and Thermal Exploration (ASE) predicting an increase in reserves at the Williams Creek copper-oxide project 2…
Placer to pay US$100 million for half of Chilean copper play
Living up to its stated intention to acquire late-stage exploration properties, Placer Dome (TSE) plans to acquire a 50% interest in the huge Zaldivar copper project from owner Outokumpu Copper Resour…
MINER DETAILS – Don’t reward picket-line violence
It was a ghoulish display of political opportunism, when Ontario Labour Minister Bob Mackenzie used the death of nine miners in Yellowknife to his advantage. Only days after a fatal explosion at the G…