`Indicators’ ignite Lytton
Shares of Lytton Minerals (TSE) soared to a new high of 80 cents from 30 cents recently after the company reported the recovery of “substantial amounts” of chrome diopside from two samples taken on it…
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NEWS ROUNDUP — Komis returns good grades for Waddy
Infill drilling at the Komis deposit near La Ronge, Sask., has returned high-grade gold values over widths of up to 42.6 ft., says owner Waddy Lake Resources (TSE). The recently completed 20-hole prog…
Louvem plans rights offering to pay its share of Louvicourt
To help finance its $147.8-million share of the development costs for the Louvicourt base metal deposit near Val d’Or, Que., Societe Miniere Louvem (TSE) will issue a $45-million rights offering to al…
NEWS ROUNDUP — Viceroy boosts working capital
The exercise of warrants attached to a public offering in the summer of 1991 netted Viceroy Resource (TSE) more than $4.5 million and increased the company’s working capital to over $14 million. The c…
LETTERS TO THE EDITOR — Ile Bizard open for exploration
We have received numerous phone calls after you published erraneous information about Ile Bizard, just outside of Montreal (T.N.M., Oct. 5/92). Please be advised that Quebec’s Ministry of Energy and R…
Exall promotes plans for Mexico
Former Chutine Resources (VSE) president Peter Holmes and Exall Resources (TSE) President Stephen Roman have joined forces to tackle projects in Mexico and Guyana. “I saw Stephen Roman at the PDAC (Pr…
Avino trying to revive mining at B.C.’s Bridge River camp
The Bridge River area, about 100 miles north of Vancouver, was once one of the most prolific mining areas in Western Canada. Placer gold was originally discovered in the area in 1863 with the two majo…
Low nickel price can’t deter hopes of developing Raglan
Battling against a hostile environment, a remote location and ho-hum metal prices, Falconbridge is now viewing its 100% owned Raglan property in northern Quebec with fresh enthusiasm. A 4-year explora…
Profit-taking at United Reef
Herman Becker-Fluegel and Michael Coulter, two officers of United Reef Petroleums (TSE), sold a large block of their holdings in the diamond explorer in September, according to the Ontario Securities …
NEWS ROUNDUP — Minefinders options Carolina prospect
An option agreement to acquire a 100% leasehold interest in the Sawyer mine property in Randolph Cty., N.C., from Carolina Mines has been entered into by Minefinders (VSE). A multi-year schedule of pa…
Oasis options VSM ground
Consolidated Oasis Resources (ME) has secured the right to earn a 50% interest in two gold properties in Verneuil Twp., Que., from VSM Exploration (TSE) and Serem Quebec. Oasis can earn the interest b…
Asbestos exposure risk exaggerated, studies suggest
Projected rates of asbestos-linked disease in the U.S. were grossly exaggerated, says the president of the Asbestos Institute of Montreal. Michel Gratton was responding to the publication of several s…