PEOPLE (March 30, 1992)
Vern Hall appointed director.
News
LETTERS TO THE EDITOR (March 30, 1992)
Manitoba is a province that has learned the hard way what devastation and havoc a New Democratic Party government can bring, not only to mining but also to manufacturing. Believe me, I have been there…
GOLD FUNDS (March 30, 1992)
BGR Central Net Value $7.88 $5.03 Price $7.38 $4.55 Discount 6.35% 9.5% Value $46,889,000 $76,550,565…
Copper price to hold in ’92
The price of copper is expected to hold firm, in the range of US90 cents-$1.10 per lb. in 1992, predicts the chairman of Phelps Dodge (NYSE). Douglas Yearley, speaking at an American Copper Council me…
Pure Gold optioning claims
An option to acquire 56 claims surrounding the old No. 5 and Empress mine workings at the Britiannia Mines property in British Columbia has been negotiated with the property owner, Pure Gold Resources…
Geoscience project setting up shop in Whitehorse
A geoscience project employing at least 17 people is setting up shop in Whitehorse under a 5-year Mineral Development Agreement (MDA) between the Yukon and federal governments. Acting MDA co-ordinator…
Metal Prices (March 30, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar 24 Mar 23 Mar 20 Mar 19 Mar 18 Copper 1291-1292 1287-1288 1302-1303 1301-1302 12…
Rio Algom increases stake in St. Philips with options
Pursuant to an agreement signed in early 1991, Rio Algom (TSE) recently purchased an additional 296,942 shares of St. Philips Resources (VSE). The purchase, comprised of 259,286 deferred options exerc…
Aur awards $50-million shaft contracts
Sinking of two shafts at the $326-million Louvicourt Twp. base metal project is set to begin after operator Aur Resources (TSE) awarded the contract to Dynatec Mining and Entrepreneur Miniere Talpa. A…
Spirit Lake tests New North zone
More encouraging assays have been received by Spirit Lake Explorations (ME) from a winter drilling program at the company’s Edwards gold property northeast of Wawa, Ont. The results, the company says,…
Some facts on diamonds worth remembering
Investors around the globe are holding their breath in anticipation of bulk sample results from the Lac de Gras diamond play in the Northwest Territories. The sample is a follow-up to a recent discove…
NEWS IN BRIEF (March 30, 1992)
American Highland Mining Corp. (AHM:VSE) has changed its name to Cryocon Containers Inc. with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is Pacific Corporate Trust…