Metal Prices (March 30, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar 24 Mar 23 Mar 20 Mar 19 Mar 18 Copper 1291-1292 1287-1288 1302-1303 1301-1302 12…
News
Rio Algom increases stake in St. Philips with options
Pursuant to an agreement signed in early 1991, Rio Algom (TSE) recently purchased an additional 296,942 shares of St. Philips Resources (VSE). The purchase, comprised of 259,286 deferred options exerc…
Aur awards $50-million shaft contracts
Sinking of two shafts at the $326-million Louvicourt Twp. base metal project is set to begin after operator Aur Resources (TSE) awarded the contract to Dynatec Mining and Entrepreneur Miniere Talpa. A…
Spirit Lake tests New North zone
More encouraging assays have been received by Spirit Lake Explorations (ME) from a winter drilling program at the company’s Edwards gold property northeast of Wawa, Ont. The results, the company says,…
Some facts on diamonds worth remembering
Investors around the globe are holding their breath in anticipation of bulk sample results from the Lac de Gras diamond play in the Northwest Territories. The sample is a follow-up to a recent discove…
NEWS IN BRIEF (March 30, 1992)
American Highland Mining Corp. (AHM:VSE) has changed its name to Cryocon Containers Inc. with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is Pacific Corporate Trust…
Charges against Hemlo dropped
Ten charges brought against Hemlo Gold Mines (TSE) under the Federal Fisheries Act, the Ontario Water Resources Act and the Environmental Protection Act, all related to the Golden Giant mine in the He…
Myra Falls drilling — Westmin targets new reserves
Exploration success is being achieved by Westmin Resources (TSE) on four separate areas of its Myra Falls mine property about 90 km by road from this scenic Vancouver Island community. The company has…
Property portfolios take on growing international look
Turkish copper project of Cominco Resources nears feasibility stage — News item Goldbelt Mines looks to two former Soviet republics for joint venture projects — News Item Falconbridge Ltd. to close …
Instability should augur well for the price of gold
Noted in a parking garage, appropriately mounted on a gold-colored car, was this personalized license plate: DIG4 AU. In these times of a depressed gold price battling to hold US$350 per oz., it is re…
Juniors examine potential of Chilean deposits
The potential to discover large-tonnage, heap-leach gold and porphyry copper deposits that are minable by open pit in Chile is prompting a small contingent of junior companies to examine the South Ame…
Northern Saskatchewan prime exploration area
The downward trend in exploration spending in Saskatchewan, apparent since 1988, appears to have flattened and 1992 expenditures are expected to match those for 1991, Saskatchewan Energy and Mines rep…