Canarc lands Suriname ground
A recently signed agreement gives Canarc Resource (VSE) an option to earn an 80% interest in the Sara Creek concession in east-central Suriname. To earn the interest, Canarc must spend US$2.3 million …
News
Deep hole boosts Lewis Ponds potential
Recent drilling at the Lewis Ponds polymetallic project in southeastern Australia has extended the mineralized zone downdip and tripled the reserve potential, reports 100%-owner Tri Origin Exploration…
OBITUARY — G.R. Cunningham-Dunlop
Well-known mining engineer Gordon Richard (Dick) Cunningham-Dunlop died recently in Oakville, Ont. He had just turned 61. Mr. Cunningham-Dunlop was born in Haileybury, Ont., a son of the late John (Ja…
NEWS ROUNDUP — Registry drilling returns good values
Drilling on the Wellmet Lake property, near Lynn Lake, Man., has intersected encouraging base metal values, Registry Resources (ME) reports. A deep hole on the main copper-zinc deposit contained sever…
Spot prices at a glance (June 14, 1993)
Week’s Price (US) Change Gold* $370.65 + $2.40 Silver* $ 4.37 $0.00 Platinum* $383.40 $5.85 Nickel** $ 2.52 $0.03 Lead** $ 0.18 $0.00 Copper $ 0.83 + $0.01 Zinc $ 0.42 $0.00 Courtesy of Scotiabank. In…
Pezim buys Prime
A recent agreement provides for Murray Pezim to buy 1.9 million shares of Prime Equities International (VSE) from Prime Resources Group (VSE) and Homestake Canada. Pezim will pay $3.64 million. The ac…
TSE SHORT POSITIONS (June 14, 1993)
Semi-monthly reports as of May 31, showed 74,893,719 shares of 702 issues compared with 72,998,779 shares of 684 issues on May 15. Larger individual positions included: Aber 103,800; Agnico-Eagle 38,6…
Suit drains Metalore coffers but court rules in its favor
The Ontario Court of Appeal has ruled that Metalore Resources (TSE) has regained the right to earn a 100% interest in the Brookbank gold property from Ontex Resources (ASE). The 18-claim property is n…
Suppliers get serious about export market
Canadian producers of mining equipment and services are getting serious about marketing their know-how beyond their borders. And they are beginning to see the advantages of a co-operative, joint marke…
LETTERS TO THE EDITOR — B.C. ministry weak, unsupportive
Having read the British Columbia government’s A Mineral Strategy for B.C. — Discussion Paper, March, 1993, I can only conclude that the first half of the paper is a realistic appraisal of the problem…
NEWS IN BRIEF (June 14, 1993)
Ilm Resources Ltd. (ILM:VSE) has changed its transfer agent to Pacific Corporate Trust.
Black Hawk buying Keystone
Toronto-listed Black Hawk Mining plans to acquire an interest in the Keystone project near Lynn Lake, Man., from DCC Equities. The purchase price consists of five separate considerations including: 10…