NEWS IN BRIEF (November 29, 1993)
Woodridge Resources (WOR:VSE) has changed its name to Telemac Cellular Int’l on a share-for-share basis.
News
EXPLORATION ’93 — Western U.S. holds promise for diamond
With diamond fever rising throughout much of North America, several juniors are pinning their hopes on a remote section of the Rocky Mountains near the Colorado-Wyoming state line. One such company, C…
Glimmer intersects gold on first Hislop stepout hole
Encouraging results are reported from the first 11 holes of a 31-hole delineation program on the Hislop property in northeastern Ontario. Hemlo Gold Mines (TSE), with a 60% interest, is the operator o…
New company gets two Wawa mines
A new exploration company has been created by three Toronto-listed juniors. Muscocho Explorations, McNellen Resources and Flanagan McAdam Resources will transfer their respective interests in the Magi…
Viceroy profits up
Increased production and a higher realized gold price of US$404 per oz. enabled Viceroy Resource (TSE) to post a 92% increase in net earnings for the 6-month period ended Sept. 30, over results achiev…
Wheaton drilling yields new intercepts
Wheaton River Minerals (TSE) has encountered more gold mineralization at a new zone on the Golden Bear property in northwestern British Columbia. The Kodiak zone, about 2 km north of the Golden Bear m…
EXPLORATION ’93 — Mines Gaspe marks 40 years
The Mines Gaspe operation of Noranda (TSE) reached a major milestone in 1993 — 40 years of operation. Situated in the rugged interior of the Gaspe Peninsula near Murdochville, Que., Mines Gaspe opera…
EXPLORATION ’93 — Boliden works copper mine in Sweden’s
Some 27 million tonnes of material are moved annually at the open-pit Aitik copper mine of Boliden in northern Sweden, Mannesmann Demag reports. The equipment manufacturer has two large hydraulic shov…
EXPLORATION ’93 — Rea Gold follows growth strategy
When Canadian mining companies fled to the warmer political climes of South America, Rea Gold President James Hogan manoeuvred his Toronto-listed company through North America, snapping up bargain pla…
EXPLORATION ’93 — Kimberlite core draws Le Tac staking
When Jean-Jacques Martel opened the trunk of his car in downtown Montreal in July, 1992, to show core samples from Le Tac Twp. to geologist Peter Smith, the two knew they were on to something big. Mar…
EXPLORATION ’93 — Iron formation targets pursued in N.W.T.
Although diamonds are by far the target of choice for most explorers in the Northwest Territories, several companies are investigating properties containing iron-formation-hosted gold mineralization. …
EXPLORATION ’93 — Louvicourt on-line for 1994 production
Development of the Louvicourt base metal deposit, near Val d’Or, Que., is proceeding as planned, with production expected to begin in July, 1994. “We are very pleased with the progress of the project …