Unlisted Trading (January 20, 1992)
Among the active issues during the week ended Jan. 14 was White Star Copper Mines, which traded 100,000 shares in a 68-55 cents range. White Star has a deal with Falconbridge Ltd. which will see the l…
News
Aluminum use on rise in autos
The use of aluminum in the manufacture of automobiles is expected to increase, says the chairman of major aluminum producer Alcan Aluminum (TSE). At a press briefing in New York City, David Morton sai…
More drilling at Douay project
An $850,000 drilling campaign to test the ground between two known auriferous deposits on the Douay property in Quebec’s Casa Berardi region is under way by joint venture partners Inco (TSE) and Socie…
Barrick, Newmont discuss Post deal
Major North American gold producers and Carlin Trend neighbors Newmont Mining (NYSE) and American Barrick Resources (TSE) are talking again, but not about a corporate merger. Newmont Chairman Gordon P…
New Golden looks at foreign projects
New Golden Sceptre Minerals (VSE) says it is negotiating two joint venture agreements overseas. One involves mining of a modest gold deposit in South America, while the other covers oil exploration an…
Cameco, Glamis on TSE 300, Dickenson dropped from index
Mining companies continue to suffer the effects of weak metal prices and the economic downturn, as indicated by The Toronto Stock Exchange’s decision to drop six issues from its composite 300 index, F…
Changing nature of mine fill
Water-borne sand has been used as an underground fill for more than 60 years. These early applications were generally for unusual circumstances where it was required to mine pillars or to stabilize gr…
Bema debenture extended 2 years
A convertible debenture issued in 1990 by Bema Gold (TSE) and due Jan. 29, 1992, has been extended two years. Under the new terms, the US$1.625-million debenture carries an interest rate of 8% and is …
Goldstack hits high-grade copper
Following an earn-in agreement with American Consolidated Mining (USOTC), Goldstack Resources (VSE) has intersected a wide zone of high-grade copper mineralization at the Yellowhammer property on the …
South of Lupin gold mine — Diamond play gains momentum
An area greater than the size of Prince Edward Island has been set aside for diamond exploration in the Northwest Territories since BHP-Utah Mines and Dia Met Minerals (VSE) discovered a diamondiferou…
Inco to explore massive sulphide near Prince Rupert
A spring work program is being planned by Inco (TSE) to test a polymetallic massive sulphide target on the newly optioned Pitt Island property 40 miles south of Prince Rupert, B.C. Two junior companie…
OBITUARY (January 20, 1992)
Noted mining engineer Philip Sydney Broadhurst died recently in Toronto. He was 79. Broadhurst graduated from Queen’s University in 1938 with a B.Sc. degree in mining engineering. After the Second Wor…