PEOPLE — MINEFINDERS (June 13, 1994)
Dale Hendrick appointed president.
News
STOCK MARKETS — Diamond interest keeps western markets
Investor interest in diamond exploration continued to shore up western markets which began edging downwards toward the close of our report period ending June 8. The Vancouver Stock Exchange’s composit…
LAST BUT NOT LEAST — Nucore, New Aegis plan merger
In July, shareholders of Nucore Resources and New Aegis Resources will be asked to approve an amalgamation of the two Vancouver-listed companies. New Aegis shareholders would receive one share of the …
World platinum supplies in surplus
Demand for platinum in 1993 increased 6% to 4 million oz. as automobile and jewelry usage rose to record levels. However, metals dealer Johnson Matthey says supplies of the metal reached a new peak of…
Western, Thermal review merger
Joint-venture partners Western Copper Holdings (VSE) and Thermal Exploration (ASE) are reviewing plans to consolidate the ownership of their Carmacks copper project in the Yukon. Western had agreed to…
EDITORIAL PAGE — A strange alliance
In its battle against a U.S.-Russia deal over uranium, Canadian producers (a small band comprising Cameco, Uranerz Exploration and Mining, Cogema and Rio Algom) have found an unlikely ally — a group …
First results reported from Meliadine play
Drilling on the Meliadine gold property in the Northwest Territories has enabled 50-50 partners Comstate Resources (TSE) and Cumberland Resources (VSE) to define, more clearly, the extent of the depos…
Eden Roc Mineral continues drilling
While one drill focused on near-surface exploration on Eden Roc’s (TSE) Ivory Coast property, a second has been defining the Brahima deposit in preparation for mining startup this fall. The Brahima is…
ODDS’N’SODS — Survey control underground essential to
Survey control in underground mines is essential to ensuring the efficiency of mining systems. I vividly recall my first venture into a mine, in the early years of the Second World War, at the Red Ros…
CANMET lab officially opened
The Canada Centre for Mineral and Energy Technology (CANMET) has opened a mining research laboratory in Sudbury, Ont. Situated on Kelly Lake Road, the new lab will carry out research in rockbursts, ba…
TSE SHORT POSITIONS (June 13, 1994)
Semi-monthly reports as of May 15, 1994 showed 262,385,709 shares of 853 issues compared with 243,833,036 shares of 818 issues on Apr 30, 1994. Larger individual positions included: Aber 132,800, down…
Exploration picks up in Utah’s Tintic district
Exploration activity appears to be picking up steam in Utah’s Tintic district. The camp was formerly among the most prolific in the state, having produced nearly 3 million oz. gold, more than 300 mill…