The future of research in exploration
The Mineral Deposit Research Unit (MDRU) at the University of British Columbia (UBC) organized a research meeting recently on the theme “The future of research in economic geology.” The purpose was to…
News
GOLD FUNDS (June 15, 1992)
BGR Central Net Value $7.98 $5.04 Price $5.88 $4.50 Discount 26.39% 10.70% Value $47,517,000 $75,709,350…
NEWS IN BRIEF (June 15, 1992)
Applan Resources Ltd. (APL:VSE) has changed its name to Sultan Minerals Inc. (SUL:VSE) with a consolidation of capital on a 1-new-for-4-old-share basis.
PEOPLE (June 15, 1992)
Frederick Lee appointed president.
Sutton negotiating joint venture
After signing an exploration agreement with the Tanzania government, Sutton Resources (VSE) announced it is negotiating with a multinational major mining company to work jointly on part or all of its …
Taseko’s drilling doubles width of Fish Lake deposit
A continuing drilling program at the Fish Lake property southwest of Williams Lake, B.C., has doubled the width of what is already a huge copper-gold porphyry system. The property is managed by Taseko…
Munk purchases Horsham stock
American Barrick Resources (TSE) Chairman Peter Munk recently invested almost $6 million to exercise an option to purchase one million shares of Barrick’s oil refining affiliate Horsham (TSE). Munk al…
Central Crude considering deep drilling at Moss Lake
More diamond drilling is under consideration for the large-tonnage, low-grade Moss Lake gold deposit of Tandem Resources (ME) and Storimin Exploration (ASE) which is under option to Central Crude (TSE…
Flag cuts Sudbury-type alteration
Calgary-based Flag Resources (ASE) says preliminary drill results from the Wanapitei anomaly northeast of Sudbury, Ont., indicate that the company’s first hole is enriched with elements associated wit…
CIM tours Homestake mine
The recent tour of South Dakota mining country, sponsored by the Canadian Institute of Mining, Metallurgy and Petroleum’s (CIM) Toronto branch, proved to be a huge success although the slot machines a…
Base metal prices show improvement
The metal and mineral sub-index rose but the overall commodity price index of Scotiabank dropped in April. The all-items index was off by 1.5% after six consecutive monthly increases. Higher prices in…
Spot prices at a glance (June 15, 1992)
Week’s Price (US) Change Gold* $337.85 – $2.00 Silver* $ 4.06 – $0.03 Platinum* $367.25 – $9.50 Nickel** $ 3.23 – $0.12 Lead** $ 0.25 + $0.01 Copper $ 1.03 + $0.02 Zinc $ 0.66 + $0.02 Courtesy of Scot…