NEWS ROUNDUP — Greenstone raises project funds
A $5.5-million equity financing involving European institutional investors was completed recently by Greenstone Resources (TSE). The financing, part of a larger offering, was arranged by Middlefield I…
News
Minnova unit in option deal on Blue Dog gold property
The Blue Dog property in Washington Cty., Idaho, was recently optioned by the U.S. unit of Minnova (TSE), the third major to option the gold property in recent years. Minnova can earn a 50% interest i…
MINER DETAILS — North entering post-colonial era
This November, 17,000 Inuit of the Eastern Arctic are expected to ratify a land claim tied to the creation of Nunavut, a vast territory covering 772,000 square miles to be carved out of the Northwest …
EDITORIAL PAGE — Driving directors away
If Ontario has any doubts about where its proposed labor laws will lead, its legislators have only to look across the country at Westar Mining in British Columbia. Both provinces are making it impossi…
LETTERS TO THE EDITOR — Embassy interested in company plans
May I compliment your newspaper on its reporting of Canadian mining activities in Mexico. I often learn about these initiatives through an article in The Northern Miner before I hear from the companie…
Freewest gears for number of winter drill programs
Despite continuing low share prices, Freewest Resources (TSE) has much to be optimistic about, President Mackenzie Watson announced at the company’s recent annual meeting. “Things, exploration-wise, a…
METALS MARKETS — Russian nickel sales spur market
Fast-moving news continues to sway nickel markets. Russian exports of official and unofficial nickel are the dominant influence. Unofficial Russian nickel metal and scrap, selling at substantial disco…
New discoveries at Pitt Island
A generation ago, Texasgulf was at the forefront of massive sulphide exploration in Canada. Now, some of the company’s old prospects are beginning to surface with new players applying the latest in ex…
LETTERS TO THE EDITOR — Pluton search
Regarding Eva Schandl’s letter “New light on Sudbury-type rocks” (T.N.M., Aug. 3/92), I like the idea of calling upon “. . . the presence of mineralized source rocks at depth.” In the Nelson, B.C., ar…
NEWS ROUNDUP — Work begins on ATT claims
An initial exploration program including prospecting, mapping, geochemical sampling and geophysical surveying was commenced recently at the ATT claims owned by Claimstaker Resources (VSE) and under op…
NEWS ROUNDUP — Metal prices boost Granges
An increase in copper and zinc prices as well a jump in metal production helped Granges (TSE) report a profit of $1.9 million for the second quarter ended June 30, 1992. Revenues jumped to $17.6 milli…
Asarco upgrades Ray reserves
The first calculation of reserves since acquisition of the Ray copper mine in 1986 in Arizona have been completed says Richard de J. Osborne, chairman of Asarco (NYSE). The new figure is in excess of …