KWG drilling Horne Fault claims
A $600,000 drill program funded by KWG Resources (ME) began recently on Horne Fault Mines’ (TSE) Lavoie Lake copper property in northwestern Ontario. KWG has the option to earn a 60% stake in a 96-uni…
News
Amax exercises Piedmont option
With the payment of US$1.75 million plus one million common shares of Amax Gold (NYSE), Amax recently exercised its option to earn a 62.5% interest in the Haile property from owner Piedmont Mining (NA…
Cored slim holes drilled as part of Hawaiian project
No two holes are drilled exactly alike and careful planning is the key to any hole completion, say Noble Larsen and Percy Wicklund in a paper titled “Drilling the Hawaiian scientific observation holes…
Drilling industry caught up in a changing world
Last year when I took over the presidency of the Canadian Diamond Drilling Association, I mentioned that I was born during worst year of the Depression. It seems ironic that the past year may become k…
CDDA to mark 50th anniversary in New Orleans
Practically everyone knows everyone in the Canadian drilling industry, and that was clearly evident at the 49th annual convention of the Canadian Diamond Drilling Association (CDDA) staged here recent…
Spot prices at a glance (May 18, 1992)
Week’s Price (US) Change Gold* $334.75 – $2.00 Silver* $ 4.08 + $0.01 Platinum* $352.80 + $0.15 Nickel** $ 3.31 – $0.04 Lead** $ 0.24 $0.00 Copper $ 1.00 + $0.01 Zinc $ 0.61 – $0.02 Courtesy of Scotia…
GOLD FUNDS (May 18, 1992)
BGR Central Net Value $7.69 $5.02 Price $6.00 $4.500 Discount 21.96% 10.4% Value $45,772,000 $75,709,350…
TORONTO STOCK EXCHANGE INDICES (May 18, 1992)
May 12 May 11 May 8 May 7 May 6 High Low Composite”300″3427.89 3427.23 3374.43 3362.90 3361.30 4009.47 3009.91 Metals&Minerals 3089.15 3069.33 2995.50 2985.60 2967.75 3453.06 2502.63 Integrated Mines3…
Hemlo in charge at Central Crude
Exercising its ownership position in Central Crude (TSE), Hemlo Gold Mines (TSE) moved to gain control of the board of directors at the junior’s annual meeting in Toronto and operation of the company….
FINANCING (May 18, 1992)
Ventex Resources Corp – 1,500,000 shs offered @ 10 cents per sh. Arlo Resources Ltd – 700,000 shs offered @ 51 cents per sh. Loumic Resources Ltd – 400,000 unit consisting of 1 sh and 2 wt @ $1.11 per…
George Miller new chairman for Hall of Fame
The Canadian Mining Hall of Fame has a new chairman. George Miller, president of the Mining Association of Canada, replaces Maurice Brown, who has chaired the Hall’s board of directors since the Hall’…
GUEST COLUMN (May 18, 1992)
In your guest column “Geostatistics or voodoo science?” (T.N.M., April 20/92), Jan Merks advocates the new “grade-squared partition technique” as a more precise and realistic approach to reserve estim…