News

Deal-making among owners delays Holloway shaft work

Shaft sinking on the Holloway project near Matheson, Ont., expected to begin in May, has been delayed by negotiations to create a single mine property, says Joseph Baylis, a spokesman for Hemlo Gold M…


Aber drilling copper-zinc prospect

Drilling is under way on the High Lake base metal project in the Northwest Territories following an option agreement between Kennnecott Canada and Aber Resources (TSE). At a recent annual meeting, Abe…


FINANCING (June 29, 1992)

International Brace Res Inc. – 900,000 units consisting of 1 sh and 2 wts offered @ 54 cents per unit. DRT Res. Ltd. – 1,000,000 shs offered @ 16 cents per sh. Vananda Gold Ltd – 300,000 shs offered @…


Strike continues at Giant mine

Management of Royal Oak Mines (TSE) is showing no signs of backing away from the use of replacement workers to continue production at its Giant gold mine near Yellowknife, N.W.T. President Margaret Wi…


Spot prices at a glance (June 29, 1992)

Week’s Price (US) Change Gold* $344.00 + $1.90 Silver* $ 4.04 – $0.07 Platinum* $366.60 – $2.65 Nickel** $ 3.23 – $0.01 Lead** $ 0.25 $0.00 Copper $ 1.06 + $0.02 Zinc $ 0.59 $0.00 Courtesy of Scotiaba…




Dwindling supply of diamonds spurs exploration

De Beers, which markets more than 80% of the world’s rough gem diamonds, says the supply of quality stones could be exhausted by the end of the century if the demand for gemstones maintains its histor…



TORONTO STOCK EXCHANGE INDICES (June 29, 1992)

June 23 June 22 June 19 June 18 June 17 High Low Composite”300″3343.02 3340.66 3350.89 3357.17 3368.19 4009.47 3009.91 Metals&Minerals 3095.19 3095.46 3101.27 3068.12 3125.80 3453.06 2502.63 Integrate…


GOLD FUNDS (June 29, 1992)

BGR Central Net Value $8.15 $5.09 Price $6.75 $4.65 Discount 17.14% 8.60% Value $48,503,000 $78,232,995…


Program planned near Kerr deposit

Since taking control of Kenrich Mining (VSE) and Ambergate Explorations (VSE), Ken Trociuk has spent considerable time and money ensuring the two juniors have clear and undisputed title to their geolo…


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