NEWS IN BRIEF Drilling continues at Scott Lake
Thunderwood Resources (TSE) and Greenstone Resources (TSE) say stepout drilling at their Scott Lake joint venture has extended a zinc-copper rich massive sulphide zone from 1,800 ft. to a depth of 2,6…
News
Pacific proposes warrant issue
Pacific Metals (ASE) has proposed a private placement of 1.4 million special warrants at a price of $1 each to replace a previously-announced common share placement. Each warrant will be exchangeable …
PEOPLE WISEBOY RESOURCES
Bing Jung appointed president and Bill Frisen appointed director.
NEWS IN BRIEF St Andrew trading shares for bonds
St Andrew Goldfields (TSE) has reached an agreement with Banque Indosuez of Geneva Switzerland to offer 14.4 million newly created preferred shares in exchange for $20.9 million in 5.75% Swiss franc b…
OBITUARY Archibald MacDonald Bell
Archibald MacDonald Bell, who for 38 years directed Noranda’s exploration program, died recently in Mississauga, Ont. He was 85. Born in Grafton, Australia, of Canadian parents, Bell attended the Uni…
Franco, Euro to cash in on royalties
Sister companies Franco-Nevada Mining (TSE) and Euro-Nevada Mining (TSE) are planning to move quickly to capitalize on their experience in the royalty acquisition field. The Toronto-based companies a…
PDAC Perspectives Exploration moving to greener pastures
The Canadian mineral industry ranks close to the top in the global production of 19 commodities. Energy News-Record, a New York-based magazine, places Canada third after the U.S. and Britain in the ex…
EDITORIAL PAGE Attracting mining’s future leaders
The list of individuals inducted into the Canadian Mining Hall of Fame gives some idea of the diversity of people who built our mining industry into a world leader. But their accomplishments are not e…
Environmental accomplishments help meet corporate goals
Copious regulations, increasing in number and complexity. New issues, without precedent. Vociferous public interest groups. Changing expectations on all fronts, some of them unreasonable. At the same …
U.S. REPORT Van Stone mine reopened Equinox Res. breathes new
The reopening of the Van Stone mine is a welcome event to local residents who depend primarily on the flagging logging industry for employment. Of the 75 employees at the mine, almost all were hired l…
Northair proposes share consolidation
The Toronto Stock Exchange refused to accept a proposal by Northair Mines (VSE) to consolidate the company’s stock on the basis of one new share for every five existing shares and to increase the auth…
Aur and Joutel to explore bet
Following an agreement between Joutel Resources (TSE) and Aur Resources (TSE), Joutel’s 26-claim copper-zinc prospect in northwestern Quebec will be given a second look. Under the agreement, Aur has …