Teryl sends crew to Lac de Gras
An exploration crew is on its way to the Amad diamond claims in the Northwest Territories, Teryl Resources (VSE) reports. Teryl’s proposed program, consisting of ground magnetic, electro-magnetic surv…
News
Sigma catches its second wind
There is a blight on the famed gold belt of northern Quebec and northern Ontario. There are too many miners and too few jobs. This is not news to anyone who knows the region; it has been a fact of lif…
LaRonde yields high-grade ore
Ongoing exploration of the 20th level of the LaRonde gold mine, near Val d’Or, Que., is yielding encouraging results. Drilling about 3,000 ft. east of the main shaft along the exploration drift, Agnic…
Cambior proposes a rights plan
Shareholders of Cambior (TSE) will vote at the May 6 annual meeting on a rights plan designed to protect them in the event of a hostile takeover bid. Shareholders would be issued rights entitling them…
PEOPLE — MARLAT RESOURCES (April 12, 1993)
Sakwinder Narwal appointed president and director; Nanuk Warman and Sterling Klein appointed directors. N5…
PEOPLE — GALLEON MINING
Victor Jung appointed director. N5…
Homestake seeking buyer for Golden Bear gold mine
In light of low gold prices, Homestake Mining (NYSE) has decided against financing expansion of the Golden Bear open pit in northwestern British Columbia. Expansion of the pit, operated by North Ameri…
QR permits close at hand
With environmental work largely complete, CMP Resources (ME) expects the British Columbia government will soon approve development of the QR gold deposit, 70 km southeast of Quesnel, B.C. CMP bought t…
COMMENTARY — Advances in mining equipment
Canada’s mining equipment industry has demonstrated that it is competitive worldwide. Most Canadian mines employ mature technology and acquire processes and equipment that have been developed and prov…
NEWS IN BRIEF (April 05, 1993)
Stormin Resources Inc. (SMR:VSE) has changed its name to Biocoll Medical Corp. with no consolidation of capital. The transfer agent is Pacific Corporate Trust.
Goldbelt seeks tailings funding
Despite political uncertainty in the former Soviet Union, Goldbelt Resources (VSE) expects to complete financing by the third quarter of 1993 for construction of a gold tailings project in Kazakhstan….
Dundee sells shares in Baja, Yorbeau
Toronto-based Dundee Bancorp (TSE) has sold its 12.1% interest in Baja Gold (TSE) and its 16.9% interest in Yorbeau Resources (ME) to 1021105 Ontario, a new natural resource company (T.N.M., Mar. 22/9…