Glacial study for Sagar project
A study of the quaternary geology of the Sagar-III property, in Quebec’s Labrador Trough area, has met with encouragement. Mineralized boulders previously discovered on the property, owned by Virginia…
News
Youth group backs mining
Four university students in British Columbia have formed a youth group to promote mining in the province. Law student Lisa Skakun, a founding member of the B.C. Mine Society, said the goal is to creat…
The Diamond Page — SouthernEra increases exposure in Quebec
Junior SouthernEra Resources (TSE) has been busy completing deals to broaden its exposure to diamond plays in both northwestern Quebec and the Northwest Territories. In Quebec’s Le Tac Twp., Ojibway R…
STOCK MARKETS — Bullion holds steady as gold equities slip
Gold bullion prices changed little over the week, slipping a meagre US20 cents to US$376.25 per oz. However, investors caught a case of the jitters as gold continued trading in a narrow range. Most of…
INSIDER TRADING — Officers of Aur Resources sell shares
Three officers of Aur Resources (TSE) sold shares in January and February. According to the Ontario Securities Commission’s OSC Bulletin, director Howard Stockford exercised 100,000 options at $2.90 a…
STOCK MARKETS — Concern over interest rates shakes resource
With gold drifting at the US$378-per-oz. level and major markets shaken over interest rate concerns, the Vancouver Stock Exchange traded lower during the period ended March 8. The VSE resource index s…
Company director fined in accident
A company director, along with the company itself and a supervisor, has been convicted of an offence, the first under Ontario’s revised Occupational Health and Safety Act. The accused pleaded guilty r…
Ariel No. 1 gold producer in Costa Rica
With the Matapalo mill approaching its 300-ton-per-day capacity, Ariel Resources (VSE) is Costa Rica’s largest gold producer. The company produced 9,413 oz. in the fiscal year ended Sept. 30, 1993, an…
Diamonds and global activity focus of PDAC convention
By all accounts, the 62nd annual convention of the Prospectors and Developers Association of Canada (PDAC) in Toronto was a success. With more than 3,000 delegates and in excess of 300 exhibitors, the…
Viceroy launches global exploration initiatives
With the Castle gold mine churning out more gold and healthier profits, Viceroy Resource (TSE) is setting its sights on opportunities farther afield. The company has joined Gwalia Consolidated, an Aus…
William acquires gold project
Following completion of a due diligence review of the Malmani gold project in South Africa, William Resources (ME) has opted to acquire all shares of Ventra Gold Mines held by Braeside Investments. Ve…
Inco cutting staff, production resumes
Production at Inco’s (TSE) operations in Sudbury, Ont., and Thompson, Man., have resumed after a period of cutbacks. The Sudbury mines were closed for eight weeks whereas, at Thompson, operations were…