Casa Berardi drill targets ready
Partners Cross Lake Minerals (VSE) and Glen Auden Resources (VSE) report that New Legends Metals has spent more than $100,000 on their claim package in the Casa Berardi region of northwestern Quebec. …
News
Judge convicts Silver Bar’s Gilson
Junior mining company Silver Bar Mines has been found guilty by a provincial court judge in North Bay, Ont. of filing a press release containing misrepresentations. Ronald Gilson, president and a dire…
Yellowjack drilling tests Katie claims
A recent hole drilled by Yellowjack Resources (VSE) to further test the Main zone on the Katie claims returned 426 ft. grading 0.2% copper and 0.008 oz. gold per ton from 226-650 ft. The company recen…
Cominco Int’l seeks funds for refinery, Turkish project
In order to fund expansion plans at the Glenbrook nickel refinery and development work at a copper project in Turkey, Cominco Resources International (TSE) recently announced plans to raise $20 millio…
Public funding available in Rabbit Lake assessment
The federal government has awarded a total of $125,000 to participants in the federal environmental assessment of a proposed expansion at the Rabbit Lake uranium mine. The northern Saskatchewan mine i…
Hurdman stepouts follow zone
Stepout holes on the Hurdman Twp. joint venture property north of Timmins, Ont., have confirmed that the zinc-rich zone intersected in the first drill program (T.N.M., Jan. 20/92) of Noront Resources …
Arimetco placement raises $25 million
Copper oxide specialist Arimetco International (TSE) has raised $24.9 million via a private placement of 5.2 million special warrants at $4.75 each. Acting as underwriters were Midland Walwyn Capital …
Ottawa gold selling continues
All that government gold — 12.3 million oz. at the end of March — no longer glitters as it once did. However, despite depressed prices, there’s still a silver lining in those gold bricks gathering d…
LETTERS TO THE EDITOR (May 11, 1992)
In its 1990 annual report, Glimmer Resources stated it has reserves in Hislop Twp. in northeastern Ontario of 1.07 million tons (968,190 tonnes) grading 0.34 oz. gold per ton. When one compares this d…
TORONTO STOCK EXCHANGE INDICES (May 11, 1992)
May 5 May 4 May 1 Apr 30 Apr 29 High Low Composite “300”3364.53 3363.54 3357.06 3355.56 3338.37 4009.47 3009.91 Metals&Minerals 2971.46 2994.56 3002.35 3015.72 3011.14 3453.06 2502.63 Integrated Mines…
Ontario compiles property directory
Ontario’s Ministry of Northern Development and Mines says it will be publishing property directories for each resident geologist’s district to help prospectors market their claims. The service is bein…
Gateway settles $450,000 debt
Gateway Uranium Mines (CDN) has issued 750,000 common shares to its creditors in order to settle a $450,000 debt. Gateway also reports that Vance White and Peter Vamos have resigned from the company’s…