Drilling begins at Murray Brook
Drilling is under way at the Murray Brook property in northern New Brunswick, NovaGold Resources (TSE) reports. Operators of the program are Arimetco International (TSE) and Breakwater Resources (TSE)…
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PEOPLE — GENERAL DIAMOND
Aileen Fehr appointed director.
Breakwater to reopen Estrades
The Estrades zinc-gold mine in northwestern Quebec is expected to resume production in March, 1993, and reach a production rate of 10,000 tonnes per month within four months. The mine will be operated…
Curragh receives Stronsay certificate
With a mine development certificate for the Stronsay zinc-lead project now in hand, Curragh (TSE) can concentrate on arranging project financing. Although Curragh received government approval for a ce…
VSM takeover successful: Cambior
A takeover bid by Cambior (TSE) of VSM Exploration (ME) was successful. Cambior said almost 94% of the shares of VSM outstanding and not already owned by Cambior were tendered under the offer. VSM sha…
Encouraged by results, Teck will acquire Stratabound shares
Encouraged by results from a recently completed surface exploration program, Teck (TSE) has informed Stratabound Minerals (ASE) that it will exercise its option to purchase 43,750 shares of Strataboun…
First feed at Omai gold mine
First feed for the mill at the new open-pit Omai gold mine in Guyana was received Dec. 15, owners Cambior (TSE) and Golden Star Resources (TSE) report. Tonnage milled will be increased progressively a…
METALS MARKETS — Metals markets in unsettled state
World trade in metals continues to be disorderly. Potential mining properties are being placed on hold because of declining markets and onerous government approval regulations. Returns on existing pro…
San Andreas focuses on reserves
With a 1,200-ton-per-day mill almost ready to turn over and two million tons of ore reserves, San Andreas Resources (VSE) could have a mine operating at the Prairie Creek mine project in the Northwest…
PEOPLE — WINTERS GOLD HEDLEY
Praveen Varshney appointed president and director; Hari Varshney and Raj Chowdhry appointed directors.
PEOPLE — SIERRA MADRE RESOURCES
Praveen Varshney appointed president.
PEOPLE — NERCO (December 28, 1992)
Gerard Drummond elected chief executive officer; William Glasgow elected senior vice-president; Lawrence Heiner elected president and chief executive officer.