Adrian wins right to appeal
A recent ruling by the British Columbia Court of Appeal is expected to result in a quicker resolution of a claim dispute over the IKS 1 claim covering the TOK claim gap and a portion of the Eskay Cree…
News
Noranda, Soquem swap deals
Two agreements have been signed between Soquem and Noranda Exploration, a unit of Noranda (TSE), on base metal properties near Quebec City and in the Eastern Twps., Que. In one agreement, Noranda can …
NEWS IN BRIEF (October 19, 1992)
Tulloch Resources Inc. (TLH:VSE) has changed its name to Eyetel Technologies Inc. (ETL:VSE) with no consolidation of capital.
Canmine drills Fer property
A 1,000-ft. diamond drill program has commenced on Canmine Resources’ (CDN) 100% owned Fer polymetallic property north of Flin Flon, Man. Drilling will focus on the Yak zone where previous drilling ha…
Dickenson arranges credit facility
A credit facility of up to $10 million has been arranged by Dickenson Mines (TSE) with a Canadian chartered bank to assist in funding the retraction of its 8.5% convertible subordinated debentures. Di…
Holmer Gold trades interest in Quebec copper-gold property
Toronto-based Holmer Gold Mines (ASE) has agreed to exchange its 61% interest in the Quebec Chibougamau copper-gold property for a 55% interest in the Devlin Copper property near Chibougamau, Que., of…
METALS PRICES — FREE MARKET (October 19, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct. 13 Oct. 12 Oct. 9 Oct. 8 Oct. 7 Copper 1311-1312 1319-1321 1337-1338 1352-1353 …
PRODUCER PRICES (October 19, 1992)
ALUMINUM: MW U.S. market US56.50-58.00 cents per lb. (Oct. 1, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992…
STOCK MARKETS — NovaGold more than doubles despite gold
While Canadian investors were busy feasting on turkey and Blue Jays baseball, the gold price commenced a downhill slide in New York, giving up $5.20 to US$345.20 per oz. on Thanksgiving Day. By the cl…
Onitap undergoes reverse takeover
A private Calgary-based oil and gas company, Red Oak Resources, has completed a reverse takeover of Onitap Resources (TSE). The name Onitap has been changed to Red Oak Resources. It is anticipated tha…
METALS MARKETS — Metals inventories on the increase
Currency movements, trade turmoil, sagging military spending and other activities influencing the world stage are slowly pushing consumers to the sidelines to await better days. In North America, the …
Brewery Creek winding down its 1992 exploration program
The 1992 exploration program is winding down at the Brewery Creek gold project near Dawson, Yukon, a joint venture held 51% by Hemlo Gold Mines (TSE) and 49% by Loki Gold (VSE). At last report, 15 rev…