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…
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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 …
EXPLORATION ’93 — Stock market business booms
Investors in Canadian stocks have been out in full force this year. The Toronto Stock Exchange in particular has been on a roll, setting records for value of trading, and daily, monthly and annual vol…
Venoro crews at work in Venezuela
A crew of more than 25 is busy exploring two concessions — El Placer and San Raphael — in the Venezuelan gold district of El Dorado. The effort is being managed by Venoro Gold (VSE), which earlier t…
INSIDER TRADING — Two Agnico officers sell shares
Two officers of Agnico-Eagle Mines (TSE) excercised options and sold shares in October. According to the Ontario Securities Commission’s OSC Bulletin, officer John Clement sold 3,000 shares at $19 to …
Milling plans firm up at Albino
Crystallex International (VSE) has appointed consultants Paulo Abib and Kilborn Engineering to provide engineering and project management of a proposed mill at its Albino concession in Venezuela. Euru…
Westfield adds to cash position
Earnings of $453,000 for the nine months ended Sept. 30, 1993, have added to the fortunes of Westfield Resources (TSE). The debt-free company has cash and marketable securities totaling $24.3 million,…
ODDS’N’SODS — Names of glaciers explained
While working at the Granduc mine at the Portal Camp in British Columbia in the 1960s, I was surrounded by the vast glaciers: Berenden, Frank Mackie, Little Salmon, Chicomen and the Leducs. Upon viewi…