CALENDAR (November 01, 1992)
1993 Jan. 18-20, Ottawa. 1993 Current Activities Forum, Collaboration — the Key to the Future. Contact the Geological Survey of Canada, Susan Mrak, (613) 992-0640. Feb. 21-24, Scottsdale, Arizona. Se…
News
Inco to cut staff
Mining giant Inco (TSE) will cut its payroll by at least 500 employees through attrition over the next two years, but the company says there will no layoffs from its 9,700-strong primary metals workfo…
Alaska minerals
This year’s convention of the Alaska Miners Association, Nov. 2-6, will highlight the state’s porphyry gold and the mineral potential of public lands. More than 50 exhibitors will display their goods …
NEWS IN BRIEF (October 26, 1992)
Pacific Unicorn Resources Ltd. (PUC:VSE) has changed it name to Biopac Industries Inc., with a consolidation of capital on a 1-new-for-6-old-share basis. The transfer agent is R-M Trust.
Siderock showings in Manitoba
Reporting encouraging showings this past summer from its Bissett area gold claims in Manitoba was private company Siderock Gold. The company says sampling grades ran up to 39 grams gold per tonne and …
Lac boosts loan by US$100 million
A US$70 million, 5-year loan to Lac Minerals (TSE) has been increased to US$170 million. The new loan, arranged with a syndicate of Canadian and international banks led by N.M. Rothschild and Sons, wi…
Gold Funds (October 26, 1992)
BGR Central Net Value $8.03 $5.12 Price $6.75 $4.80 Discount 15.95% 6.3% Value $46,972,000 $80,756,640…
Kennecott funds drill program by Valerie near Fish Lake
A drill program by Valerie Gold Resources (VSE) will begin shortly on the Mega-Gold property in the Taseko River region of southern British Columbia. The property, just 1.5 miles from Taseko Mines’ Fi…
Minieres du Nord to drill Le Tac West
A 1,500-metre drill program is planned by Explorations Minieres du Nord (ME) on its 42 claim Le Tac West property 160 km northeast of Amos Que. The program, slated to commence within the next few week…
Cominco, Teck fund Gerle to join N.W.T. diamond play
The Lac de Gras diamond play, which has so far been dominated by international majors, recently welcomed two of Canada’s leading mining companies. Affiliates Cominco (TSE) and Teck (TSE) have agreed t…
Exploration spending drop puts Canada behind U.S., Australia
Canada’s rank in terms of exploration for non-ferrous metals has dropped from first to third over the past year, according to a recent study by the Halifax-based Metal Economics Group. Expenditures on…
Diamond cartel relies on deep pockets
As more and more Canadian companies join the rush for diamonds, the market for their discoveries is looking increasingly vulnerable. A recent flood of gem-quality diamonds from Angola, where an estima…