Diamonds being sought in Guyana
Diamonds were first uncovered in the South American country of Guyana in 1887 and, according to Golden Star Resources (TSE), are found in some of the same areas that are being mined for gold (although…
News
Drilling planned for Brewery Creek
The global reserve potential of the Brewery Creek property near Dawson, Yukon, will be further evaluated this fall by partners Hemlo Gold Mines (TSE) and Loki Gold (VSE). A first-phase $400,000 progra…
Victoria options Mexican gold project
A Mexican property considered prospective for a bulk-tonnage gold deposit was recently optioned by Victoria Resource (VSE), which staked additional acreage surrounding the original claim block. The le…
NEWS ROUNDUP — Founder samples return gold, zinc.
Bulk samples taken from Founder Resources’ (VSE) 100% owned Blackwater property near Jellicoe, Ont., have returned polymetallic mineralization over an average width of 4 ft. Sample J406, for example, …
LATIN AMERICA ROUNDUP — Minera in new Chilean venture
An agreement to acquire a group of claims in the Sierra Valenzuela copper district in northern Chile has been signed by 50-50 joint venture partners Minera Rayrock (TSE) and Compania Hecla Minera Limi…
Tag increases Verneuil interest
Junior Golden Tag Resources (VSE) has increased its interest in the Verneuil Twp. gold property southeast of Matagami, Que., from 50% to 60%. The company has also staked an additional five claims to b…
MINER DETAILS — Leaving gold to the juniors
Frustrated with a lethargic gold price and the difficult task of maintaining reserves, some of Canada’s largest gold producers are turning to base metals for future growth. Placer Dome has made no sec…
LETTERS TO THE EDITOR — Old liability rules in new labor
I agree with concern over the proposed labor laws in your editorial “Driving Directors Away” (T.N.M., Aug. 24/92). The ridiculous situation can leave a responsible individual, who is spending time and…
PEOPLE — ZAPPA RESOURCES
David Miller and John Brock appointed directors.
Drilling extends Battle zone
A recent hole drilled by Westmin Resources (TSE) extended the Battle zone discovery by 30 metres east of section 16+92E on the company’s Myra Falls mine property near Campbell River, B.C. The hole ret…
GUEST COLUMN — A thumbs-up for NAFTA
Four out of five Canadians believe in Canada’s presence at the negotiating table with the U.S. and Mexico for a North American Free Trade Agreement (NAFTA). Job creation in Canada has continued to exp…
EDITORIAL PAGE — De Beers’ move
Could it be that the almighty De Beers feels threatened by the Canadian diamond rush? In an uncharacteristic move last month, the diamond kingpin announced that the market for rough stones looks shaky…