Kimberlite trio found by Crystal
With the discovery of three new kimberlites in late 1992, the number of kimberlite pipes intersected in the Lake Superior area of the U.S. (Michigan and Wisconsin) now totals 15, reports Australia-bas…
News
Inco reports its first loss since 1984
Citing a 12% decline in nickel prices, Inco (TSE) reported a net loss of US$17.6 million (21 cents per share) for 1992 compared with 1991 earnings of US$82.6 million (74 cents per share). Inco’s avera…
KWG cuts wide intersections
Recent drilling by partners KWG Resources (ME) and SEG Exploration (ME) on their Granada property near Rouyn-Noranda, Que., has returned greater widths and better continuity of mineralization than pre…
Vior continues Douay drilling
Low-grade assays are reported by Societe d’Exploration Miniere Vior (ME) from drill work during January at the Douay gold property near Joutel, Que. Ten holes were completed and another one started. A…
PEOPLE — SILVER EAGLE RESOURCES
Jon Broderick appointed director and president.
Cyprus to drill at Massicotte
A drilling program is scheduled to begin this month on the Massicotte property north of La Sarre, Que., Radisson Mining Resources (ME) reports. Radisson says it has signed an option agreement, subject…
Somerset Island programs planned
About $1 million will be spent this year by several junior companies planning to explore various diamond properties on Somerset Island, N.W.T. This Arctic Islands region was explored by Diapros (a sub…
Redaurum lines up mine financing
The price is $5 million. The prize is a 50% stake in a producing diamond property in Zimbabwe and the surrounding 13,474-hectare exploration permit. When Cornerstone Investments, a private Australian …
Crown Butte re-calculates reserves at New World
After reviewing results from the 1992 drill program, Crown Butte Resources (TSE) re-calculated geological reserves for its New World project in Montana. The advanced project is in an alpine region nea…
OBITUARY — Dominic Giachino
Dominic Matthew Giachino, a native of Cobalt, Ont., died Jan. 31 after a lengthy illness. Giachino graduated first from Haileybury School of Mines, and then in 1933 from Queen’s University as a mining…
Nevada Goldfields raises funds
A private placement of preferred shares through its major shareholder, Gwalia, was recently completed by Consolidated Nevada Goldfields (TSE). The purchase price totalled US$300,000 for 545,455 series…
Ariel acquires adjacent ground
Costa Rican gold producer Ariel Resources (VSE) has increased substantially its reserve position by acquiring the San Martin property adjacent to its Tres Hermanos mining operation. Ariel says it paid…