NEWS IN BRIEF (January 27, 1992)
Oregon Resources Corp. (ORE:VSE) has changed its name to International Oregon Resources Corp. (IOR:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Central …
News
Ecstall wins dispute’s appeal for claims near Eskay Creek
The Supreme Court of British Columbia has ruled in favor of Ecstall Mining (VSE) in its appeal of the Gold Commissioner’s previous decision to cancel its 20-unit Story 7 claim about one mile from the …
Toronto Stock Exchange (January 27, 1992)
Tri-Origin Exploration, a new junior exploration company backed by former LAC Minerals geologists Dennis Sheehan and Robert Valliant, was cleared for takeoff during the week ended Jan. 21. An initial …
Vancouver Stock Exchange (January 27, 1992)
Both the VSE composite index and resource index continued to gain ground during the period ended Jan. 21. The composite index added 14.38 points to close at 600.15 while the resource index edged up by…
Musto secures Argentine deposit
As soon as funds are in place, International Musto Explorations (VSE) expects to commission a feasibility study to examine the economic viability of the Bajo de la Alumbrera deposit in the province of…
Appeal date nears on asbestos ruling
The Environmental Protection Agency (EPA) in the U.S. has about a month to decide if it will ask the U.S. Supreme Court to review a court ruling on asbestos use. The EPA, which moved to ban nearly all…
Athabaska resumes Nicholas Lake drilling in NWT
An 11,000-ft. drill program funded by Royal Oak Mines (TSE) has resumed at Athabaska Gold Resources’ (TSE) Nicholas Lake gold project in the Northwest Territories. Having secured the 40% project inter…
Glencairn resumes Goodfish drilling
A 4-hole, 2,500-ft. program designed to test for strike and depth extensions of the A zone will get under way on the Goodfish gold property near Kirkland Lake, Ont., by the end of the month. Glencairn…
Aurizon drilling Hoblitzell claims
A 3,500-ft. drilling program is under way on property in Hoblitzell Twp., 90 km northeast of Cochrane, Ont., Aurizon Mines (TSE) reports. Aurizon may earn a 60% interest in the property from Glen Aude…
Curragh determined to survive
Curragh Resources (TSE) Chairman Clifford Frame says he will draw on a large measure of Celtic determination and 40 years in mining to pull the zinc-lead-coal company through the current economic down…
Spot prices at a glance (January 27, 1992)
Week’s Price (US) Change Gold* $356.85 + $1.25 Silver* $ 4.26 + $0.12 Platinum* $339.75 + $2.35 Nickel** $ 3.57 + $0.26 Lead** $ 0.23 $0.00 Copper $ 0.97 + $0.02 Zinc $ 0.53 + $0.01 Courtesy of Scotia…
FUTURES PRICES (January 27, 1992)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan 96.90 96.15 96.20 + 2.10 Feb 97.00 96.55 96.55 + 2.25 Mar 97.80 96.60 96.95 + 2.25 SILVER (in US cents per oz…