Kennecott drilling Galena Giant
Drilling recently got under way at the Galena Giant property owned by Wealth Resources (VSE) and Arbor Resources (VSE). Kennecott, which can earn a 51% interest in the property by spending US$5 millio…
News
STOCK MARKETS — Barkhor, Chapleau issues gain on drill-hole
Western markets tracked sideways during the report period with little help from depressed gold markets. Gold lost about US$7 per oz., marking a new 6-year low at the US$330-per-oz. level. The Vancouve…
Spot prices at a glance (November 16, 1992)
Week’s Price (US) Change Gold* $330.20 – $6.70 Silver* $ 3.71 – $0.09 Platinum* $354.60 – $0.65 Nickel** $ 2.53 – $0.13 Lead** $ 0.20 – $0.01 Copper $ 0.96 – $0.06 Zinc $ 0.47 – $0.02 Courtesy of Scot…
Metal prices move lower
The metal and mineral sub-index of Scotiabank’s commodity price index dropped substantially in September, which is contrary to the normal seasonal pattern. The decline in base metal prices continued i…
TSE SHORT POSITIONS (November 16, 1992)
Semi-monthly reports as of Oct. 31, showed 38,169,498 shares of 570 issues compared with 32,416,745 shares of 572 issues on Oct. 15. Larger individual positions included: Amer. Barrick 244,200; BP Can…
Kinbauri hopes to begin diamond search
A junior based in the Ottawa area, Kinbauri Gold, hopes that a damage lawsuit with International African Mining Gold (IAMGOLD) of Markham, Ont., can be resolved in the near future so that it can begin…
Westmin drilling expands Battle zone
The Battle zone is being extended by Westmin Resources’ (TSE) ongoing drill program at the Myra Falls mine property near Campbell River, B.C. Two recent holes extended the zone a significant distance …
Major-Gen. options Noranda claims
Under an agreement-in-principle with Noranda (TSE), Major General Resources (VSE) has been granted the option to earn a 50% interest in six properties in northwestern Ontario. The properties, accessib…
NEWS ROUNDUP — St Andrew fined over spill
The Ontario provincial court has ordered St Andrew Goldfields (TSE) to pay a $16,000 fine in connection with a spring spill at the company’s Stock Twp. gold mine near Timmins, Ont. The court also rule…
Minnova and Kerr plan Troilus study
A $4.2-million feasibility study on the Troilus gold deposit (formerly the Frotet project) has been announced by the property’s joint owners, Minnova (TSE) and Kerr Addison (TSE). The study is expecte…
Equisure samples Timmins property
A recently completed trenching and sampling program on Equisure Financial Network’s (TSE) Godfrey-Turnbull Twp. gold property near Timmins, Ont., has yielded encouraging results. A total of 300 ft. of…
NEWS ROUNDUP — Deak exercises Astoria option
Toronto-based Deak Resources (TSE) has exercised its option to acquire Yorbeau Resources’ (TSE) Astoria gold mine and adjoining property near Rouyn-Noranda, Que. Deak has applied for the necessary reg…