NEWS ROUNDUP — Cusac testing new zone
Ongoing drilling by Cusac Industries (TSE) will test two newly discovered quartz veins 1,000 ft. west of the Bain vein on the Table Mountain gold project in northern British Columbia. The first of sev…
News
NEWS IN BRIEF (July 12, 1993)
Zahavy Mines Ltd. (ZVY:ASE) has changed its name to Xavier Mines Ltd. (XXX:ASE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is R-M Trust Co.
NEWS ROUNDUP — Gibraltar to cut production
Toronto-listed Gibraltar Mines is planning to cut production at its open pit near McLeese Lake, B.C., in response to consistently low copper prices. It is also initiating a $500,000 feasibility study …
NEWS ROUNDUP — Treminco exploring properties
Exploration has begun on several gold properties near Yellowknife, N.W.T., belonging to Treminco Resources (TSE). Geochemical sampling will be carried out over intensely altered areas adjacent to mine…
EDITORIAL PAGE — Give us a `G’ . . .
For a while, we were a wee bit concerned about gold. After impressive gains in April and May to the US$380-per-oz. range, bullion prices settled back to about $365 and change. We feared that, once aga…
Vengold makes exploration plans
Vancouver-based Venezuelan Goldfields (VSE) is planning to spend about US$4 million during the next two years to explore gold properties in the Kilometre 88 area of Venezuela. The first priority will …
Western Troy and Nuinsco launch gold project near Rainy
A letter of intent has been signed between Western Troy Capital (ASE) and Nuinsco Resources (CDN) covering joint exploration of their gold properties near Rainy River, Ont. Nuinsco holds about 830 cla…
TORONTO STOCK EXCHANGE INDICES (July 12, 1993)
— Week — July 6 July 5 Ju1y 2 July 1 June 30 High Low Composite”300″ 3984.37 3990.49 3997.72 N/A 3966.37 4003.72 3947.23 Metals&Minerals 3013.00 3015.70 3020.48 N/A 2978.43 3047.46 2936.50 Integrate…
NEWS ROUNDUP — Kookaburra in Peruvian option
A letter of intent gives Kookaburra Gold (VSE) the right to earn a 60% interest in the San Jose copper prospect in the Atacama desert region of southern Peru. Kookaburra can earn the interest from Pan…
Mineral tenure dispute surfaces in Venezuela
At least one Canadian mining company could be affected by the outcome of a petition, filed in the Supreme Court of Venezuela, which challenges the authority of a state holding company to assign minera…
Prime proposes Stikine merger
After negotiating for more than a year, Homestake Canada and Placer Dome (TSE) have reached a stalemate on a proposal to convert Placer’s 44% interest in Stikine Resources to a direct interest in the …
PEOPLE — ARIZONA STAR (July 12, 1993)
Robert Cook appointed director. N5…