Canadian companies continue to explore for diamonds both in Canada and abroad: Northwest Territories: — Fortune Minerals (CDN) has acquired a 50% interest in 20,144 acres in the Lac La Martre area, n…
Under a share purchase warrant, Teck (TSE) has acquired 31,600 shares of Arauco Resources (VSE), a junior company exploring properties in southern Chile and Argentina. The shares were acquired for “in…
Following up a multi-element geochemical anomaly identified by the Canadian International Development Agency, Trev Corp. (ASE) has discovered high-grade copper mineralization at its Golden Spring prop…
After steadily rising over the past few weeks, the price of gold has settled to above US$350 at press-time. But, the question on everyone’s mind is whether the yellow metal can hold the recent gains. …
A 47-tonne sample from the A-4 kimberlite pipe near Kirkland Lake, Ont., has yielded two gem-quality diamonds weighing 0.135 and 0.074 carats respectively, reports Regal Goldfields (CDN). Interested o…
Net income of $3.4 million was reported by Prime Resources Group (VSE) for the 9-month period ended Dec. 31, 1992. Prime’s 40% share of production from the Snip mine in Northern British Columbia for t…
Toltec Resources Ltd. (TOL:VSE) has changed its name to Canso Explorations Ltd. (CSE:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Pacific Corporate Trus…
Central Coast Exploration is seeking a buyer for its 48.6% interest in City Resources (Canada) (TSE). The Australian-based company is no longer able financially to support City Resources, whose key as…
Yale Simpson appointed president and director; Peter Lloyd and Matthew Mason appointed directors.
Plans under way to overhaul giant utility Ontario Hydro will not be a “one-shot change,” says Chairman Maurice Strong. Addressing a luncheon of the Toronto branch of the Canadian Institute of Mining, …
Gordon Reid appointed director.
Carlin Gold (ASE) has released results from seven reverse circulation holes drilled to test a structural zone on the Stockade Mountain project in eastern Oregon. The assay of the drill cuttings follow…
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