U.S. REPORT (January 27, 1992)
Assay results were released by Ican Minerals (TSE) from recent reverse circulation drilling on the Racey “porphyry” gold deposit 40 miles south of Baker, Ore. The company owns 100% of the property sin…
News
Queenston to drill Kirkland West from surface
LAC Minerals (TSE) has returned the strategic Kirkland West claims to owner Queenston Mining (TSE) after spending $2 million in a fruitless search for minable ore. But Queenston Chairman Hugh Harbinso…
Chile to dominate copper production
Chile could account for 32% of the world’s total copper production by the year 2000, according to a study by the Center for Copper Studies (CESCO) which was published here recently. CESCO predicted th…
Southern Peru to invest US$300m
Southern Peru Copper Corp. (SPCC) will proceed with a US$300-million capital investment program after settling a dispute with he Peruvian government over investment recovery contracts. Under the terms…
Montreal Exchange (January 27, 1992)
Resource issues were in favor the week ended Jan. 21, when the mining and minerals index jumped by more than 44 points. The general market portfolio index headed the other way, closing down by almost …
Queenston, Royal Oak intersect new gold zone at Upper Beaver
Partners Royal Oak Mines (TSE) and Queenston Mining (TSE) have intersected a new zone 2,500 ft. north of the old workings on the Upper Beaver mine property near Kirkland Lake, Ont. Results from hole B…
Perrons put Clenor into new company
The Perron brothers from Kirkland Lake, Ont., say they plan to fund exploration of the Clenor property near Temagami, Ont., through Gwen Resources (ASE). Gwen President Alex Perron says he plans to ta…
FINANCING (January 20, 1992)
Tenango Explorations Inc – 800,000 shs offered @ $1.25 per sh.
Golden Lake funds
20Golden Lake Resources (VSE) says it has arranged, subject to regulatory approval, a private placement of 500,000 shares at 35 cents per share for total proceeds of $175,000. The deal includes non-tr…
U.N. Earth Summit
The 1992 United Nations Conference on Environment and Development will be held in June in Rio de Janiero. Ken McCready of coal producer TransAlta Utilities will be the spokesman for Canada’s mining in…
NEWS IN BRIEF (January 20, 1992)
The International Monetary Fund, in its latest financial statements, reports gold holdings of 3.2 million kg (more than 10 million oz.) at designated depositories, as of Oct. 31, 1991.
GOLD FUNDS (January 20, 1992)
BGR Central Net Value $8.41 $4.95 Price $7.50 $4.350 Discount 10.81% 12.1 Value $50,067,000 $73,185,705…