Royal Oak halts ERG negotiations
Negotiations have been terminated and will not be resumed regarding the purchase of the processing facility of ERG Resources Inc. in Timmins, Ont., Royal Oak Mines (TSE) reported. Royal Oak said it wa…
News
Property dispute at Lac de Gras
The first dispute involving diamond exploration properties in the Northwest Territories has surfaced in the courts. In late October, Slumber-Magic Adjustable Bed (VSE) launched an action in British Co…
More kimberlite intrusions uncovered — Aber program hits 7
An 8-hole drill program near the south shore of Lac de Gras, N.W.T., yielded seven separate kimberlite intrusions for partners Aber Resources (TSE), Commonwealth Gold (VSE) and SouthernEra Resources (…
Musto plans 1993 completion of Bajo feasibility study
By the second quarter of 1993, International Musto Explorations (TSE) expects to complete a feasibility study which it hopes will bring the technical and economic potential of the Bajo de la Alumbrera…
METALS MARKETS — Metals threatened by subsidies
Reacting to growing unemployment and falling confidence, consumers worldwide are cutting all unessential spending, including metals. Ignoring their consumers and voters, governments, with huge deficit…
EDITORIAL PAGE — Canada’s economic woes worry foreign
The writing is on the wall, and in red ink. Our preoccupation with things constitutional and our perceived inability or unwillingness to deal with economic issues have worried foreigners. Statistics C…
Evaluating kimberlites adds dramatically to costs
Having recently intersected a kimberlite on their Lac de Gras area property, Aber Resources (TSE) and partners SouthernEra Resources (TSE) and Commonwealth Gold (VSE) must now await processing results…
Goldpatch acquires numbered company
Toronto-based junior Goldpatch Resources (CDN) has agreed to purchase all of the issued shares of a numbered Ontario company in exchange for $125,000 in cash and one million common shares of Goldpatch…
N.S. open house welcomes public
The Mines, Minerals and Energy Resources group of Nova Scotia’s Department of Natural Resources (DNR) has introduced a new twist to its Annual Review of Activities. To be held Nov. 4-5 at the World Tr…
NEWS ROUNDUP — Teck’s quarterly earnings climb
Net earnings of $14 million were reported by Teck (TSE) for its latest quarter ended Sept. 30, a sizable increase from the $6 million reported in last year’s third quarter. The company’s mining operat…
NEWS ROUNDUP — Eden Roc adds to land position
An agreement to expand its land position in West Africa’s Ivory Coast, to about 1,000 sq. km from 250 sq. km, has been reached with the government agency SODEMI, gold producer Eden Roc Minerals (TSE) …
NEWS ROUNDUP — Zone extended at depth, says Glimmer
Drilling on the Beatty-Hislop prospect in northeastern Ontario has extended the East zone at depth, Glimmer Resources (VSE) reports. Hole 70 intersected 12.14 grams gold per tonne (0.35 oz. per ton) a…