Copper slump forces Arimetco to trim
Flagging copper prices have prompted Arimetco International (TSE) to cut costs. Staff at the Tucson office was reduced by 20%, company cars were eliminated and officers suffered salary cuts. Indeed, C…
News
Cumberland drill results released
Results from six widely spaced targets on the Meliadine River project, 10 miles north of Rankin Inlet, N.W.T., have been released by partners Cumberland Resources (VSE) and Comaplex Resources (TSE). T…
East West expands Timmins project
The Timmins camp of northern Ontario continues to serve as an exploration focus for East West Resource (VSE) and associated company Cross Lake Minerals (VSE). Cross Lake has a joint venture with Noran…
Redfern hits Tulsequah sulphides
An initial phase of surface drilling on the Big Bull area of the Tulsequah Chief project in northwestern British Columbia has returned massive sulphide intersections. Redfern Resources (TSE) hopes to …
TSE INDICES (October 04, 1993)
— Week — Sept 28 Sept 27 Sept 24 Sept 23 Sept 22 High Low Composite”300″ 3978.83 3983.82 3982.36 3970.86 3954.94 3984.31 3927.16 Metals&Minerals 2842.08 2853.37 2838.58 2842.45 2833.92 2866.65 2802….
FINANCING (October 04, 1993)
Teryl Resources Corp. — 800,000 units @ 54 cents.
Ballatar reports on Nevada drilling
A 6-hole reverse circulation program has been carried out by Ballatar Explorations (VSE) on the AR claims, near the Sleeper gold mine in Humboldt Cty., Nev. The 4,100-ft. program returned only trace a…
Rayrock award
Rayrock Yellowknife Resources (TSE) will receive the 1993 DuPont-Conoco Environmental Leadership Award, which honors exceptional environmental achievement in the hard rock mining industry. The announc…
Canary system
Three organizations involved in a joint research-and-development project have received an R&D 100 award for a wireless paging and emergency warning system for underground mines. The recipients are Nor…
Lac’s strategy involves boosting reserves
Toronto-listed Lac Minerals is spending more to increase gold reserves at existing mines and properties. At El Indio and Tambo in Chile, US$5 million will be spent in a multi-year campaign to boost re…
Wheaton trenches new gold zone
Still in the early stages of a $3.5-million exploration program, Wheaton River Minerals (TSE) has discovered new gold mineralization at its Golden Bear mine in the Yukon. The zone was uncovered when a…
Skyline acquires limestone interest
A purchase agreement with Auspex Gold (VSE) gives International Skyline Resources (TSE) the right to acquire half of an oolitic limestone deposit in Idaho. Skyline will pay Auspex $500,000 over a year…