NEWS ROUNDUP — Noranda to explore Drag prospect
A recent formal agreement allows a unit of Noranda (TSE) to earn up to a 70% interest in the Drag property about 20 km north of Gold River, B.C. The Vancouver Island prospect covers an area of Paleozo…
News
Inco cuts ribbon on $6-million addition to research facility
Inco’s (TSE) success with applied research shows the linkage between resource development and the development of high technology in Canada, said Ontario Premier Bob Rae during a ceremony to open a $6-…
Cheni hits high-grade at Lawyers
Drilling on the Lawyers property owned by Cheni Gold Mines (TSE) has intersected some spectacular high-grade gold and silver values on a newly discovered quartz-chalcedony vein. Results from a recentl…
GUEST COLUMN — Jake Epp should resign
The current situation with Canada’s federal mines minister Jake Epp and his Department of Energy, Mines and Resources (EMR) is so bad that the only solution is to demand the minister’s resignation. De…
Cazador in option deal in northern Manitoba
An option agreement to acquire a 50% interest in the Keystone Gold project in the Lynn Lake area of northern Manitoba from DCC Equities was recently signed by Cazador Explorations (VSE). Cazador can e…
Spirit Lake plans bulk sample
Once a $500,000 development and financing agreement has been signed, Spirit Lake Explorations (ME) plans to proceed with an underground bulk sample on its Edwards gold property 30 miles northeast of W…
Century-old club strives for survival
With membership rapidly declining in recent years, The Engineers’ Club of Toronto faces the difficult choice between closing its door or merging with another club. Alternatively, members must raise mo…
Starmin, Cyprus negotiate deal
An option deal to earn a 65% interest in claims in the Cobalt, Ont., area is being negotiated by Cyprus Canada with Starmin Mining (TSE) and Hellens Eplett Mining Inc., which is jointly owned by Starm…
INSIDER TRADING — Barrick officer doubles his money
John Lill, senior vice-president of American Barrick Resources (TSE), recently cashed in on the senior gold producer’s market success by selling 5,000 shares for $35.25 each after exercising the same …
TSE STOCK EXCHANGE INDICES (September 21, 1992)
Sept.15 Sept.14 Sept.11 Sept.10 Sept.9 High Low Composite”300″3464.09 3470.42 3440.57 3443.93 3449.07 4009.47 3009.91 Metals&Minerals 2957.18 2975.59 2919.37 2933.59 2915.55 3453.06 2502.63 Integrated…
LATIN AMERICA — Mexico has a recognized mining tradition
Mexico has an abundance of mineral resources with some of its country’s mines on a par with the world’s best. Two semi-parallel mountain systems run the length of the country from north to south, the …
European currency turmoil lifts gold mining issues
Gold emerged as a winner during the week ended Sept. 15, jumping US$4 to US$345.70 per oz. in New York as mayhem gripped European currency markets. Shaken by the volatility that followed a half-a-perc…