Hemlo will fund Moss Lake work
Toronto-based Hemlo Gold Mines (TSE), in full charge of Central Crude (TSE), will finance further surface drilling this fall on the latter’s Moss Lake gold project in northwestern Ontario, its new pre…
News
Uranerz resumes drilling for Saskatchewan diamonds
Drilling is under way on the Fort a la Corne diamond property 40 miles east of Prince Albert, Sask., report partners Uranerz Exploration and Development and Cameco (TSE). The 1992 program will follow …
NEWS ROUNDUP — Greenstone raises project funds
A $5.5-million equity financing involving European institutional investors was completed recently by Greenstone Resources (TSE). The financing, part of a larger offering, was arranged by Middlefield I…
Minnova unit in option deal on Blue Dog gold property
The Blue Dog property in Washington Cty., Idaho, was recently optioned by the U.S. unit of Minnova (TSE), the third major to option the gold property in recent years. Minnova can earn a 50% interest i…
METALS MARKETS — Russian nickel sales spur market
Fast-moving news continues to sway nickel markets. Russian exports of official and unofficial nickel are the dominant influence. Unofficial Russian nickel metal and scrap, selling at substantial disco…
New discoveries at Pitt Island
A generation ago, Texasgulf was at the forefront of massive sulphide exploration in Canada. Now, some of the company’s old prospects are beginning to surface with new players applying the latest in ex…
Asarco upgrades Ray reserves
The first calculation of reserves since acquisition of the Ray copper mine in 1986 in Arizona have been completed says Richard de J. Osborne, chairman of Asarco (NYSE). The new figure is in excess of …
Minerex boosts gold output
Gold producer Minerex Resources (TSE) is turning out more of the yellow metal at a lower cash cost this year than it did a year ago. The Vancouver-based company produced 8,390 oz. gold during its 1992…
Cominco Res. pursues copper interests
Copper is featured more prominently than gold in the current list of projects being actively explored or developed by Cominco Resources International (TSE) around the world. And more projects could be…
N.W.T. increase in exploration first in 4 years
Exploration spending in the Northwest Territories is expected to exceed $35 million in 1992, representing an increase of 27% over 1991 and the first increase in four years, predicts the N.W.T. Chamber…
Chase raises $3 million for Taysan copper-gold project
With more than $3 million in the bank after a recently completed public unit offering, Chase Resource (VSE) can now concentrate on bringing its Taysan copper-gold project in the Philippines through to…
MINER DETAILS — North entering post-colonial era
This November, 17,000 Inuit of the Eastern Arctic are expected to ratify a land claim tied to the creation of Nunavut, a vast territory covering 772,000 square miles to be carved out of the Northwest …