TSE Short Positions (December 28, 1992)
Semi-monthly reports as of Dec. 15, showed 34,511,097 shares of 582 issues compared with 35,033,669 shares of 561 issues on Nov. 30. Larger individual positions included: Amer. Barrick 101,474, down 8…
News
SEG, NWT in property deal
Montreal-based SEG Exploration (ME) has agreed to option nine unpatented claims in Elmhirst Twp., north of Beardmore, Ont., from NWT Copper Mines (CDN). An exploration program conducted by Chestervill…
STOCK MARKETS — Venezuelan property deals lift juniors’
Western markets finished the week ended Dec. 23 little changed with the Vancouver Stock Exchange composite index finishing up less than a point at 605.38, while the resource index lost 11.74 points at…
Metal Prices — FREE MARKET (December 28, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec. 22 Dec. 21 Dec. 18 Dec. 17 Dec. 16 Copper 1464-1465 1428-1430 1407-1408 1392-13…
Cheni may test Phoenix zone further
Underground drilling at the Lawyers property in north-central British Columbia has confirmed that the Phoenix zone is both open to depth and along strike to the east. Cheni Gold Mines (TSE), owner of …
U.S. ROUNDUP — Gold Express makes copper flat plans
Louisiana-based junior Gold Express (NASDAQ) is moving ahead with the financing of the US$50-million Copper Flat mine near Hillsboro, N.M. Mine construction is scheduled to begin in early 1993, with i…
LATIN AMERICA — Gold rush to Kilometre 88 district
An exploration boom in Venezuela’s Kilometre 88 district is expected to take on steam now that a growing number of companies have acquired concessions in the area. In late December, Mt. Grant Mines (V…
Miramar acquiring Cuban interests
Through an arrangement with Australian-listed Matlock Mining, Miramar Mining (VSE) reports the acquisition of an interest in the Hierro copper project and the Delita gold project in Cuba. Matlock hold…
U.S. ROUNDUP — Minefinders pleased by results
An initial 1,100-ft. reverse circulation drill program has been completed by Minefinders (VSE) on the Sawyer gold property in North Carolina. The program was carried out in the central portion of the …
Pure Gold pins hopes on possible new cluster
Management at Pure Gold Resources (TSE) believes the company could be sitting on a new kimberlite cluster after discovering pyrope garnets on its Humpy Lake property, 145 km west of the diamond-bearin…
San Andreas focuses on reserves
With a 1,200-ton-per-day mill almost ready to turn over and two million tons of ore reserves, San Andreas Resources (VSE) could have a mine operating at the Prairie Creek mine project in the Northwest…
Placer Dome acquires 50% stake in northern Chile copper
Major companies bullish about copper appear to be making Chile a prime hunting ground for new acquisitions. The latest is Placer Dome (TSE), which after completing a due diligence review, acquired a 5…