DHK discovery boosts Lac de Gras potential
Another significant diamond find in the Northwest Territories has removed any remaining doubts about the potential for economic deposits outside the 800,000-acre block held by partners Dia Met Mineral…
News
ODDS ‘N’ SODS — Cream of long johns
Some of the things that happened to me over the years, at mines and exploration camps, are always good for a laugh. Although I forget most of these episodes, I still remember a few. One day, while wor…
White River lawsuit settled
The dispute over ownership of the White River claims was recently settled, joint venture partners Akiko Gold Resources (VSE) and Gold Giant Minerals (VSE) report. The claim group consists of 720 units…
Placer planning acquisition of Alligator Ridge operations
Following the purchase earlier this year of a block of ground next to its Bald Mountain property in Nevada, Placer Dome (TSE) plans to buy all the remaining Alligator Ridge assets owned by USMX (NASDA…
Cominco Res. steps up exploration
Exploration by Cominco Resources International (VSE) in 1993 will include more than $15 million in expenditures under company control. Of that total, the company’s net cost is about $5.7 million. Alth…
Noranda Minerals benefits from strong 1992 performance
Despite a faltering economy and declining metal prices, Noranda Minerals, a unit of Noranda (TSE), performed strongly in 1992. Net earnings of $79 million (10 cents per share) were posted last year, c…
Barrick doubles first-quarter earnings
Significant increases in production, earnings and cash flow are reported by American Barrick Resources (TSE) for the first quarter. Net income doubled to US$46.1 million (16 cents per share) for the t…
Fort a la Corne kimberlites yield diamonds
A trio of kimberlite bodies identified on the Fort a la Corne project in central Saskatchewan last year has yielded 138 macrodiamonds with a total weight of 7.61 carats, report partners Cameco (TSE), …
Komis feasibility study planned
Consulting firm Dynatec Engineering has been hired to carry out a feasibility study on the Komis property of Waddy Lake Resources (TSE) near La Ronge, Sask. The study will be carried out to determine …
Fairfield options Au property
A high-grade gold showing will be further explored by Fairfield Minerals (TSE) on its newly optioned Au property 11 miles northwest of the company’s Siwash North gold deposit. The properties are near …
Gold Vessel samples prospect
Sampling at the CHOCO-6 property in the El Callao district of Venezuela has indicated the presence of surface gold anomalies, Gold Vessel Resources (ASE) reports. A mineralized area 7 km long and 2 km…
STOCK MARKETS — Speculative money pours into N.W.T. diamond
Diamonds added a distinctive sparkle to the Toronto Stock Exchange during the week ended April 20, as investors rushed to take part in speculation associated with a new diamond find in the Northwest T…