United Reef soars on diamond play
Diamond fever has struck a dormant TSE-listed penny mining stock with a vengeance. United Reef Petroleums (TSE), which a few weeks ago sold at 2 cents a share, has soared to 42 cents on heavy volume, …
News
Pegasus adds Black Pine to list of low-cost gold mines
The recent official opening of the Black Pine open pit heap leach mine adds yet another low-cost operation to an already impressive portfolio of mines under the control of Pegasus Gold (TSE). Perched …
Court disallows Canarc merger
The Supreme Court of British Columbia did not approve a proposal to amalgamate Canarc Resource (VSE), Suntac Minerals (VSE) and Rembrandt Gold Mines (ASE). Canarc currently holds a 51% interest in Sun…
LATIN AMERICA ROUNDUP — Minproc facility for oxide ore
A wholly owned Chilean subsidiary of Minproc Engineers Inc. of Denver has been awarded a lump sum turnkey contract for the design and construction of an oxide ore treatment plant in the South American…
Sulphurous gases: putting pollution into context
Today, man is universally condemned as the environmental hooligan. However, nature too can devastate the global balance. For example, the latest phase of sulphur dioxide control is on schedule at the …
NEWS ROUNDUP — Falco hits deep gold at Zimbabwe mine
A drill hole at Falconbridge Gold’s (TSE) Blanket Mine Complex in Zimbabwe has intersected 2.04 oz. gold per ton, or 0.49 oz. (cut to 0.6 oz.) over an estimated true width of 9.4 ft. Hole WRE-1, one o…
Diamond gems — A collection of unconfirmed reports
. . . Two rigs are turning near Lac de Gras as the Dia Met/BHP joint venture tests its fifth target and Monopros drills northeast of the discovery. . . . Cheaper than drilling and faster than geochemi…
Placer drilling Shear property
A surface drill program by Placer Dome (TSE) will test two previously identified targets on the Shear property held by International Northair Mines (VSE) near Aspen Grove in south-central British Colu…
Spot prices at a glance (September 14, 1992)
Week’s Price (US) Change Gold* $343.10 + $2.70 Silver* $ 3.75 + $0.03 Platinum* $362.40 + $6.90 Nickel** $ 3.12 – $0.13 Lead** $ 0.29 $0.00 Copper $ 1.11 – $0.02 Zinc $ 0.63 – $0.01 Courtesy of Scotia…
FINANCING (September 14, 1992)
Cons. Texas Northern Min. Ltd. – 600,000 shs @ 25 cents per sh. Navarre Res. Corp. – 1,400,000 units with a minimum subs. of 1,000,000 units where each unit consists of 1 sh and 1 Series A Sh Purchase…
GOLD FUNDS (September 14, 1992)
BGR Central Net Value $8.33 $4.89 Price $6.88 $4.65 Discount 17.46% 4.9% Value $49,371,000 $78,232,995…
TORONTO STOCK EXCHANGE INDICES (September 14, 1992)
Sept. 8 Sept. 7 Sept. 4 Sept. 3 Sept. 2 High Low Composite”300″3451.95 NA 3456.82 3453.24 3436.71 4009.47 3009.91 Metals&Minerals 2938.25 NA 2965.44 2981.61 2971.86 3453.06 2502.63 Integrated Mines306…