Avocet continues work at Penjom
Drilling and trenching are continuing at the Penjom gold property owned by Avocet Ventures (VSE) in Malaysia. The company reports that trenching extended the strike length of a previously identified g…
News
Ecstall acquires six new prospects
Six new massive sulphide prospects were acquired by Ecstall Mining (VSE) in the northern Kechika Trough of northeastern British Columbia. All six “sedex” massive sulphide properties are underlain by t…
PROFILE — Falconbridge’s Pugsley clearing obstacles to
At the northern tip of Quebec’s Ungava Peninsula, the Raglan project is under vigorous study by owner Falconbridge Ltd. “Raglan has the potential to replace the decline in our ore reserves elsewhere a…
NEWS ROUNDUP — CanTung amalgamation approved
Shareholders of Canada Tungsten Mining, Canamax Resources and Minerex Resources approved an amalgamation plan at special meetings held recently in Toronto. With court approval also in hand, the compan…
PRODUCER PRICES (January 11, 1993)
ALUMINUM: MW U.S. market US57-58 cents per lb. (Dec. 25, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992). CA…
STOCK MARKETS — Market steady despite news about gold,
Despite a dip in the price of gold and disappointing results from the group of Northwest Territories diamond explorers, the Vancouver Stock Exchange remained little changed during the week ended Jan. …
Cazador deadline is extended
A deadline to complete $400,000 of feasibility-related expenditures at the Keystone joint venture at Lynn Lake, Man., was recently extended to March 31, 1993, from the end of 1992. The deadline is par…
LATIN AMERICA — Canyon prepares for writedowns
Asset writedowns totalling about US$14 million are expected to be released by Canyon Resources (NASDAQ) for its 1992 fourth quarter ended Dec. 31. The Colorado-based company said the writedowns reflec…
INSIDER TRADING — Skyline director sells during rally
During the last week of November, when the shares of Skyline Gold (VSE) soared to $1.15 cents from 30 cents, director and majority shareholder Ronald Shon sold a small portion of his indirect holdings…
American Bullion drops its option on fluorite property
Prompted by the British Columbia Ministry of Energy, Mines and Petroleum Resources’ failure to issue permits for an exploration drill program, American Bullion Minerals (VSE) dropped its option on the…
NEWS ROUNDUP — Homestake buys Prime shares
A Canadian subsidiary of Homestake Mining (NYSE) recently acquired 2.03 million shares of Prime Resources Group (VSE), thereby increasing its total holdings to about 54% of Prime’s outstanding shares….
United Reef plans to sample Bamingui diamond concession
A systematic sampling program designed to outline reserves is scheduled to get under way on the Bamingui diamond concession in the Central African Republic later this month, says United Reef Petroleum…