Exall promotes plans for Mexico
Former Chutine Resources (VSE) president Peter Holmes and Exall Resources (TSE) President Stephen Roman have joined forces to tackle projects in Mexico and Guyana. “I saw Stephen Roman at the PDAC (Pr…
News
LETTERS TO THE EDITOR — Ile Bizard open for exploration
We have received numerous phone calls after you published erraneous information about Ile Bizard, just outside of Montreal (T.N.M., Oct. 5/92). Please be advised that Quebec’s Ministry of Energy and R…
NEWS ROUNDUP — Viceroy boosts working capital
The exercise of warrants attached to a public offering in the summer of 1991 netted Viceroy Resource (TSE) more than $4.5 million and increased the company’s working capital to over $14 million. The c…
Avino trying to revive mining at B.C.’s Bridge River camp
The Bridge River area, about 100 miles north of Vancouver, was once one of the most prolific mining areas in Western Canada. Placer gold was originally discovered in the area in 1863 with the two majo…
Louvem plans rights offering to pay its share of Louvicourt
To help finance its $147.8-million share of the development costs for the Louvicourt base metal deposit near Val d’Or, Que., Societe Miniere Louvem (TSE) will issue a $45-million rights offering to al…
NEWS ROUNDUP — Komis returns good grades for Waddy
Infill drilling at the Komis deposit near La Ronge, Sask., has returned high-grade gold values over widths of up to 42.6 ft., says owner Waddy Lake Resources (TSE). The recently completed 20-hole prog…
`Indicators’ ignite Lytton
Shares of Lytton Minerals (TSE) soared to a new high of 80 cents from 30 cents recently after the company reported the recovery of “substantial amounts” of chrome diopside from two samples taken on it…
NEWS ROUNDUP — Gencap purchases more KWG shares
A holding company controlled by Pierre Gauthier of Montreal has increased its ownership position in KWG Resources (ME) through a private transaction. TThe holding company, Gencap, bought 337,500 share…
NEWS ROUNDUP — Cominco improves bottom line
A $65-million profit was reported by Cominco (TSE) for the first nine months of this year, a dramatic improvement from the $25-million loss for the comparable 1991 period. The profit for the third qua…
MINER DETAILS — Mining will regain public support
For the past eight years, as a reporter and editor for The Northern Miner, I’ve been fortunate — observer of the mining industry untouched by the slings and arrows of its outrageously cyclical fortun…
Roasting Keevil in Vancouver
Doyen of Canadian mining, Norman Keevil will be roasted Nov. 24 at Vancouver’s Pan Pacific Hotel. The roast will be preceded by a murder mystery (“Mystery of the O’Dunne Sapphire”) and a dinner at the…
Tribute paid to metallurgists
The international metallurgy community paid tribute recently in Montreal to two Canadian scientists for their contribution to the steel refining process. Guy Savard and Bob Lee, now retired Canadian L…