Jena financing for Trillion
First closing for more than $1.5 million on a 10% convertible debenture was recently completed by Trillion Resources (ASE). The company says the funds will be used to complete its investment for a 50%…
News
Scholar repudiates progress opponents
Keynote speaker at the Mining Industry Communications Workshop Oct. 20-22 at the Alexis Park Hotel in Las Vegas, Nev., will be Dixy Lee Ray. Her topic is “Speaking out on the environment.” Ray is a se…
Drouin retiring from QMA posting
The managing director of the Quebec Mining Association, Claude Drouin, will officially retire Aug. 31. Appointed to the managing director’s post is Dan Tolgyesi. Drouin, who has a doctorate in mining …
Production to resume at Van Stone zinc mine
A recent improvement in zinc prices has prompted Equinox Resources (TSE) to prepare the Van Stone zinc mine for renewed production. The 60% owned mine is in northeastern Washington state, south of Com…
Metal prices are stronger
Metal prices improved in June but the all-items commodity price index of Scotiabank dropped slightly. Oil and gas and agricultural prices also rose, but were offset by a decline in the forest product …
Spot prices at a glance (August 03, 1992)
Week’s Price (US) Change Gold* $358.20 + $1.10 Silver* $ 3.94 – $0.02 Platinum* $374.00 – $3.90 Nickel** $ 3.37 – $0.05 Lead** $ 0.29 – $0.01 Copper $ 1.14 – $0.03 Zinc $ 0.61 – $0.01 Courtesy of Scot…
Republic looks to the Carolinas
Toronto-based Republic Goldfields (VSE) has entered into a letter of intent to acquire a package of five gold properties in North and South Carolina from Carolina Exploration and Carolina Mines, two p…
TORONTO STOCK EXCHANGE INDICES (August 03, 1992)
July 28 July 27 July 24 July 23 July 22 High Low Composite”300″ 3411.54 3396.46 3400.87 3412.24 3412.10 4009.47 3009.91 Metals&Minerals 3053.43 3070.65 3102.00 3081.30 3126.11 3453.06 2502.63 Integrat…
Salting has a lengthy history
In the opinion of folksy American writer Mark Twain, “a mine is a hole in the ground with a liar on top.” He was a newspaper reporter at the time in the boom town of Virginia City, Nev. After the disc…
STOCK MARKETS — Minnova and Kerr move on Metall’s purchase
Base metal prices joined North American stock markets in a slide during the week ended July 28, with fears of a prolonged downturn in the U.S. closing in on investors. Hardest hit were nickel and copp…
Glimmer, Hemlo plan drill work
An 8-hole drill program representing 10,000 ft. is planned by Glimmer Resources (VSE) for its 40% owned gold property in Beatty and Hislop twps. in northeastern Ontario. President George Kent says Gli…
Lucas acquiring Emma interest
To earn a 50% interest in the Emma gold mine property near Dunton, Colo., Lucas Gold Resources (ASE) recently issued two million series B preference shares to National Gold and Nickel Resources (VSE)….