Aurizon amends Aurex deal
Vancouver-based Aurizon Mines (TSE) recently entered into a private placement agreement to purchase 500,000 common shares of 36% owned affiliate Aurex Resources (VSE) for 35 cents a share. In addition…
News
Fort Knox raises additional $272,000
Most of the investors holding warrants in Fort Knox Gold Resources (TSE), including Inco (TSE), have exercised those warrants, raising $272,000 for further exploration on the Fawcett Twp. property nea…
Placer drops Jualin option
A unit of Placer Dome (TSE) recently terminated an option to earn a 50% interest in the Jualin gold property owned by International Curator Resources (VSE). The Jualin property is 40 miles north of Ju…
FMC, Atlanta hunt for ore in Idaho
Neighboring Idaho also saw some action this year, even though FMC Gold (NYSE) has yet to announce a production decision for its huge Beartrack gold deposit in Lemhi Cty. FMC owns 71% of the project, a…
Rosebud maintains high profile in Nevada
Exploration in Nevada remains active, primarily because a number of established mining companies are continuing to explore ground held near existing mine operations. One of the higher-profile explorat…
Platinum hit by GM cutbacks
Platinum tumbled on the New York Mercantile Exchange in late 1991 after General Motors announced that it intends to shut down 21 of its North American automotive plants. Expectations that the GM closu…
Gold analysts bullish despite weak price to begin 1992
Gold began the New Year on a bearish note, shedding US$2 to US$350.50 on reports that Russia will end the state monopoly on mining and open up ground for prospecting. The newly founded republic says i…
Acabit drilling
Initial drilling results from the Pascalis property in northwestern Quebec of Acabit Exploration (ME) returned, over a 4-ft. intersection, 2 ft. of 4.7 oz. gold per ton, 1 ft. of 0.04 oz. and 1 ft. of…
Viceroy hits new zone while mining about to start up
A new zone of high-grade gold mineralization was intersected by recent drilling on the Castle Mountain project 65 miles south of Las Vegas, Nev., in San Bernardino Cty., Calif. Viceroy Resources (TSE)…
Activity in Alaska’s Juneau gold belt
Alaska was also active this year, with considerable activity focused on the Juneau gold belt where a number of mine projects are being developed toward production. A unit of Cominco (TSE) continued ex…
NEWS IN BRIEF (January 13, 1992)
Arthurian Resources Ltd. (ATU:VSE) has changed its name to Pacific Copperfields Inc. (PCF:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.
Eastern samples Newfoundland prospect
Grab samples taken during field work this year at the Long Island property in Newfoundland returned values of 0.05-0.06 oz. gold per ton, Eastern Goldfields (CDN) reports. The company says follow-up w…