NEWS ROUNDUP (June 01, 1992)
Quebec Crown mining exploration company Soquem is set to begin exploration on the copper properties of Corner Bay Minerals (TSE) near Chibougamau, Que., after signing two option agreements with the To…
News
MINER DETAILS (June 01, 1992)
Eat my words? Not quite, but I’ve spent a lot of time recently explaining my opinion on diamond exploration, particularly in light of the promising results of a bulk sample from the Lac de Gras diamon…
LETTERS TO THE EDITOR (June 01, 1992)
To say that diamonds are virtually worthless is a gross misrepresentation of the facts (“Diamond find won’t help mining,” T.N.M., April 20/92). Yes, synthetic industrial diamond production exceeds nat…
Macuelizo returns gold-copper values
Recent drilling by Melinga Resources (VSE) on the Macuelizo copper-gold project in northwest Honduras, Central America, returned a number of copper-gold intersections. The drilling is part of a 150-ho…
$20-million expansion for Quinsam
Toronto-based contractor Hillsborough Resources (TSE), which has already an equity stake in a producing zinc mine, is moving to take advantage of rising demand for coal in the Far East. At the company…
Shaft being deepened at Joe Mann
Deepening the No. 2 shaft at the Joe Mann gold-copper mine of Campbell Resources (TSE) southwest of Chibougamau, Que., to 2,700 ft. is under way. The shaft excavation and related work is expected to b…
Pacific Gold sale to Westmin
A recent letter agreement provides for Westmin Resources (TSE) to acquire all of Pacific Gold’s (VSE) interest in the Debbie, Yellow and Thistle gold properties near Port Alberni, B.C. Westmin agreed …
Minnova options Ecstall’s claims adjacent to Stronsay
A work program by Minnova (TSE) will begin this month on a large land package adjacent to Curragh Resources’ Stronsay deposit in northeastern British Columbia. Minnova can earn a 60% interest in the 1…
TSE SHORT POSITIONS (June 01, 1992)
Semi-monthly reports as of May 15, showed 26,957,661 shares of 630 issues compared with 25,039,057 shares of 599 issues on April 30. Larger individual positions included: Amax Gold 80,950, up 62,550; …
Cuba boosts sales of nickel to West
Cuba says it has quadrupled nickel sales to western countries and it has plans to double its nickel production by the year 2000. Dependent economically in the past on the former Soviet Union (for exam…
Tri Origin finds new mineralization at Lewis Ponds
Tri Origin Exploration (TSE) has released the first results from its Lewis Ponds base metal project in Australia. Hoping to find a polymetallic massive sulphide deposit, Tri Origin is completing a 5-h…
Silver Glance negotiating for fluorite project financing
Management of Silver Glance Resources (VSE) is involved in early-stage negotiations with an undisclosed sponsor to raise about $20 million to continue advancing its fluorite deposit in La Paz Cty., Ar…