Golden Ring begins drilling
Field personnel and drill equipment were recently mobilized to the Bellas Gate property in Jamaica to test two advanced porphyry copper-gold targets and a new copper-gold-silver discovery. The project…
News
Westmin expands Battle zone
Ongoing drilling by Westmin Resources (TSE) is expanding the newly discovered Battle zone on the company’s Myra Falls mine property near Campbell River, B.C. The company recently obtained a fourth “sp…
Cameco exploration focus on gold, uranium
Uranium producer Cameco (TSE) plans to match last year’s exploration budget of $10-12 million in 1992, according to The Source, Cameco’s employee newsletter. While most of the money will be spent in N…
Cal Graphite shares
Cal Graphite (VSE), owner of a graphite project north of Huntsville, Ont., said it has agreed to sell 1.1 million common shares to Lindner Fund, an investment company based in St. Louis, Mo. The selli…
Falconbridge hits on Moneta ground
Drilling a 600-metre-long geophysical anomaly on Moneta Porcupine Mines’ (TSE) property in Godfrey Twp., near Timmins, Ont., Falconbridge intersected a narrow vein containing high-grade gold mineraliz…
FINANCING (January 13, 1992)
Bradsue Resources Ltd – 600,000 units consisting of 1 sh and 2 A wts offered @ 40 cents per unit. Canadian Comstock Exploration Ltd – 175,000 flow-through shs offered @ 45 cents per sh, also 325,000 n…
U.S. REPORT (January 13, 1992)
The final six holes of the 1991 drilling program on the Rosebud joint venture in Nevada were released by 51-49 partners LAC Minerals (TSE) and Equinox Resources (TSE). The drilling included infill and…
Gold still dominates U.S. exploration, role of juniors fades
Gold prices may not be what they were several years ago, but that isn’t stopping explorationists from concentrating their efforts on finding more of the precious metal in the western U.S. Indeed, gold…
Magnola project under review
The Magnola project in Quebec, aimed at developing a new magnesium production technology, is under review because of the excess capacity in the magnesium market and the economic environment, LavalinTe…
Curragh sells assets to handle liquidity squeeze’
After returning from a skiing vacation in Wyoming, Curragh Resources (TSE) Chairman Clifford Frame has resumed discussions aimed at easing the zinc-lead-coal producer out of its financial plight. With…
Prime, Galico active in Jamaica
A number of possible acquisitions in Jamaica are currently being reviewed by Prime Explorations, a division of Prime Equities International (VSE). The review follows a visit to Jamaica to examine prop…
Risk management
The Seventh Mineral Economics Symposium will take place Jan. 16 in Toronto’s Sheraton Centre. Topic is “Back to basics: managing the risks to reap the rewards.” The symposium is held by Toronto’s Mine…