ON THE LEVEL — Warding off `penny dreadfuls’
Seldom do I feel any urge to applaud those ever broadening regulations imposed by burgeoning provincial bureaucracies that frequently seem hell-bent on strangling our mining industry. But surely few t…
News
LETTERS TO THE EDITOR — New minerals pact for Nova Scotia
The Nova Scotia and federal governments recently signed a $10-million co-operation agreement on mineral development. The province will contribute $3 million and the federal government, $7 million. The…
Kirkland Lake diamond find attracts handful of juniors
Since Sudbury Contact Mines (TSE) reported its discovery of eight microdiamonds on its Diamond Lake project a handful of companies have moved into the Kirkland Lake, Ont., region to stake more ground …
METAL PRICES — FREE MARKET (September 14, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Sept. 8 Sept. 7 Sept. 4 Sept. 3 Sept. 2 Copper 1229-1230 NA 1251-1252 1246-1248 1245…
TSE SHORT POSITIONS (September 14, 1992)
Semi-monthly reports as of August 31, showed 30,372,811 shares of 582 issues compared with 28,509,127 shares of 579 issues on August 15. Larger individual positions included: Aber Res. 80,800, down 28…
Saskatchewan pipes get a second look
In 1988, Saskatchewan witnessed a preview of today’s diamond rush in the Lac de Gras area of the Northwest Territories. Encouraged by news of a diamond discovery and subsequent land grab by De Beers C…
Kimberley pipes fuelled De Beers’ growth
The first reading of a De Beers (LSE) annual report by anyone unfamiliar with the business would be puzzling if not downright frustrating. How can a company that produces less than 8% of the world’s n…
In the shadow of Lac de Gras, gold still glitters in the
While most of the industry’s attention this year has been focused on the diamond play of BHP Minerals Canada in the Lac de Gras region of the Northwest Territories, the gold potential of this vast and…
Jordex extends Loma nickel option
A Venezuelan company managed and owned 50% by Jordex Resources (TSE) has extended an exclusive option on its Loma de Hierro nickel project to Anglo American Corp. of South America for an additional 90…
Ammonite shell made into jewelry
When it comes to gemstone mining in Alberta, there is only one game in town: the shell game. Gemstone mining is virtually non-existent in Alberta except for a remnant of the ancient sea bed which mill…
Aeormagnetic data helps in diamond hunt
Diamond exploration activity in the Lac de Gras area in the Northwest Territories and elsewhere in the country has been a considerable boon to Canada’s otherwise sluggish mineral geophysics industry. …
U.S. REPORT — Positive results from Cresson drilling
A recent hole drilled by a unit of Nerco Minerals returned more than 0.5 oz. gold per ton over a drilled interval of 305 ft. from the Cresson project in the historic Cripple Creek mining district near…