Spot prices at a glance (October 19, 1992)
Week’s Price (US) Change Gold* $343.30 – $6.20 Silver* $ 3.71 – $0.04 Platinum*$355.00 – $4.00 Nickel** $ 2.84 – $0.17 Lead** $ 0.25 $0.00 Copper $ 1.02 – $0.01 Zinc $ 0.54 $0.00 Courtesy of Scotiaban…
News
William, Claude in Vauquelin deal
The 19-claim Vauquelin property 35 km east of Val d’Or, Que., has been sold to Inco (TSE), William Resources (ME) and Claude Resources (TSE) report. Inco paid a total of $25,000 for William’s 75% inte…
Kookaburra lands Ecuador property
Adding to a portfolio of copper-oxide properties, Kookaburra Gold (VSE) reached an agreement with AG Armeno Resources (VSE) to acquire up to a 65% interest in the Chaucha copper project in Ecuador. Ko…
Ownership change revives interest in Grevet property
Recent developments at the Izok Lake property in the Northwest Territories exemplify the impact a change of ownership can have on a dormant exploration project. Discovered by TexasGulf in 1974 and pas…
Westmin ups reserves at Battle, Gap
Recent drilling success by Westmin Resources (TSE) has resulted in a 19% increase in minable reserves for the Battle and Gap zone discoveries at the Myra Falls mine property near Campbell River, B.C. …
Kerr shareholders OK Minnova sale
At a special meeting held recently in Toronto, shareholders of Kerr Addison Mines(TSE) approved the sale of the company’s 50.4% equity interest in Minnova (TSE) to Metall Mining (TSE) for a price not …
Goldstream profit boosts Bethlehem
Now in its second year of operation, the Goldstream underground copper-zinc mine near Revelstoke, B.C., helped 50% owner Bethlehem Resources (TSE) report net earnings of $860,000 for the second quarte…
Ontario fines Deak $50,000 for Larder Lake cyanide spill
Toronto-based Deak Resources (TSE) has been fined $50,000 after reluctantly pleading guilty to a charge of “discharging effluent into Larder Lake that may impair the quality of the lake.” The Ontario …
Dayton takes Andacollo partner
Although still subject to a due diligence review, the Canadian subsidiary of a Malaysian mining company has offered to buy a 25% interest in the Andacollo gold project in central Chile. The project is…
Dankoe abandons silver mine in B.C.
Low silver prices and the poor outlook for the metal have prompted Dankoe Mines (VSE) to abandon its mining and milling complex near Keremeos, B.C. The mine’s underground workings have been shut down …
Waddy completes 15 holes infill drilling at Komis project
Fifteen drill holes have now been completed by Waddy Lake Resources (TSE) on their 100% owned Komis gold deposit near La Ronge, Sask. All 15 were infill holes drilled to increase reserves on the “C” z…
U.S. REPORT — Pegasus’ Talapoosa drilling confirms deposit’s
A recently completed first-phase drilling program on the Talapoosa project in Nevada confirms the widespread gold mineralization intersected in previous drilling on the property. Pegasus Gold (TSE) co…