Nebex IP survey on Yellowknife projects
Having completed several drill holes on its 5,300-acre Northbelt gold property, near Yellowknife, N.W.T., Nebex Resources (ASE) is conducting induced polarization (IP) surveys. The surveys are being c…
News
NEWS ROUNDUP — Keylock exploring in Slovak Republic
Exploration is scheduled to begin soon on Keylock Resources’ (ASE) property in the Slovak Republic. The program will assess the gold-silver potential of a large, Tertiary-aged cauldera complex. Accord…
Dundee increases interest in Black Hawk Mining
In a private transaction, DCC Equities, a wholly owned subsidiary of Dundee Bancorp (TSE), has acquired an additional 10.6 million common shares of Black Hawk Mining (TSE). It now holds a 36.9% intere…
Bridger-Teck dispute scheduled for 1994
A lawsuit launched in 1990 by BDG Pacific Resources (VSE) against Teck (TSE) has been scheduled for trial on Sept. 19, 1994. BDG Pacific, formerly Bridger Resources, alleges that Teck breached an agre…
Princeton to eliminate debt
Debenture-holders have approved a restructuring plan for Princeton Mining (TSE), thereby paving the way for the company to eliminate its long-term debt. Holders of the company’s $12 million in convert…
IN BRIEF — Fibre-Klad acquires gold property
Calgary-based Fibre-Klad Industries (ASE) has acquired 15 claims near Damoti Lake, about 220 km northwest of Yellowknife, N.W.T. The 11,126-hectare property was acquired through the issuance of 82,477…
Coniagas group of companies merged
Four companies have amalgamated into a new corporation called QSR. The companies involved are Quebec Sturgeon River Mines (TSE), The Coniagas Mines (TSE), Anglo Dominion Gold Exploration (TSE) and Gar…
THE DIAMOND PAGE — DHK-Kennecott predicts kimberlite by
“Kimberlite by Christmas and results by spring” is the stated goal of the partners involved in a major bulk test of a kimberlite pipe in the Lac de Gras region of the Northwest Territories. George Ste…
CIM meeting features Turkish copper project
The international exploration manager for Cominco Resources International will address members of the Vancouver branch of the Canadian Institute of Mining, Metallurgy and Petroleum. Jon Collins’ speec…
NEWS ROUNDUP — Phelps drops Curator’s DSA
After completing three holes of a planned 8-hole program on the DSA property in Idaho, Phelps Dodge has dropped its option. The company had the right to earn a 51% interest from International Curator …
Haste, Murphy’s Law contributed to Summitville’s demise
Several post-mortems on the Summitville gold mine have concluded that its ultimate demise ensued from a cascading chain of smaller failures which began well before Galactic Resources (TSE) commissione…
Spot prices at a glance (October 18, 1993)
Week’s Price (US) Change Gold* $366.60 + $13.10 Silver* $ 4.45 + $0.30 Platinum* $370.10 + $10.85 Nickel** $ 2.04 + $0.13 Lead** $ 0.18 + $0.02 Copper $ 0.76 $0.00 Zinc $ 0.42 + $0.01 Courtesy of Scot…