ODDS ‘N SODS — How Geraldton became a boom town
In the early 1930s, the mining community of Geraldton, Ont., became an exciting beneficiary when the U.S. increased the price of gold by 75%. Gold became an important motivator. In Timmins, Ont., the …
News
Lakefield lab makes honest mistake
The recent announcement by Aber Resources (TSE) and its partners Commonwealth Gold (VSE) and SouthernEra Resources (TSE) that the yellow microdiamonds recovered from a kimberlite on their Lac de Gras …
Pit yields large copper output– Asarco finds Mission
The Mission complex, just south of here, represents the combination of a number of mining interests over the years into a single property controlled by Asarco (NYSE). With the expansion of milling ope…
Crown Butte continues New World permitting
With field activities completed for the season, Crown Butte Resources (TSE) plans to continue permitting work “at a priority pace” this winter for its New World gold project in Montana. The company re…
Gowest in deal with Placer Dome
A letter of agreement has been signed between Gowest Amalgamated (ASE) and Placer Dome (TSE) whereby Placer may earn a 75% interest in Gowest’s property in northeastern Ontario. The property comprises…
EXPLORATION ’92 — Peru’s mineral resources diverse
Mining accounts for 11% of Peru’s gross domestic product and about 45% of total exports, the country’s minister of mines and energy said at a recent meeting in San Francisco. The industry employs more…
NO HEADLINE (November 30, 1992)
A. Tonken appointed president and chief executive officer.
CE Zinc union accepts contract
The 571 unionized employees at Canadian Electrolytic Zinc (CE Zinc) have voted 89% in favor of a new 3-year collective agreement. Under the terms of the new contract, effective Nov. 1, the average wag…
Glimmer reports alteration zone
Drilling on Glimmer Resources’ (VSE) Beatty-Hislop property in northeastern Ontario has intersected a new zone of alteration. The new zone is about 300 metres north of the other known mineralized zone…
Chase boosts interest in Taysan
The recent purchase of an option on a further 7.5% interest in Taysan Copper, a Philippine company, gives Chase Resources (VSE) control over 67.4% of the Taysan project. On assignment of the 7.5% inte…
CIS selling disrupts market
The Canadian Institute of Mining, Metallurgy and Petroleum’s economics committee in Toronto heard an enlightening talk by Robert Adams, who recently returned from the Commonwealth of Independent State…
TSE SHORT POSITIONS (November 30, 1992)
Semi-monthly reports as of Nov. 15, showed 36,786,868 shares of 593 issues compared with 38,169,498 shares of 570 issues on Oct. 31. Larger individual positions included: Amer. Barrick 273,674, up 29,…