Arizona Star drilling Aldebaran
A second-phase exploration program is now in progress at the Aldebaran project under option to Arizona Star Resource (TSE) in north-central Chile. Arizona Star is earning a 51% interest in the propert…
News
Hockey match set for March 30
The third annual Norman Keevil Memorial Hockey Game will be played March 30 at Toronto’s Moss Park Arena, 140 Sherbourne St., in conjunction with the convention of the Prospectors and Developers Assoc…
Bachelor plans ore shipment to Lac Shortt for processing
Toronto-based Bachelor Lake Gold Mines (TSE) says it will send 20,000 tons of broken gold ore from its mine near Desmaraisville, Que., to be processed at Minnova’s (TSE) Lac Shortt mill. Lac Shortt is…
U.S. REPORT (March 23, 1992)
A definitive agreement was recently concluded between Athena Gold (VSE) and Pegasus Gold (TSE) for continued exploration of the Talapoosa property in Nevada. Pegasus signed a deal giving it the right …
INSIDER TRADING (March 23, 1992)
Three of Noranda’s (TSE) top executives, including Chairman Alf Powis and President David Kerr recently sold a batch of convertible preferred series C shares which they acquired in 1988. According to …
Boards approve merger of Star, SA
The boards of Golden Star Resources (TSE) and South American Goldfields (TSE) have agreed to a merger. Pending shareholder and regulatory approval, the two juniors will merge on the basis of one commo…
Spot prices at a glance (March 23, 1992)
Week’s Price (US) Change Gold* $340.00- $9.00 Silver* $ 4.07- $0.08 Platinum* $353.90- $9.35 Nickel** $ 3.35- $0.05 Lead** $ 0.24 $0.00 Copper $ 1.01 $0.00 Zinc $ 0.56+ $0.03 Courtesy of Scotiabank. I…
EDITORIAL PAGE (March 23, 1992)
Heading to Latin America for mineral exploration is all the rage these days, but investing south of the Rio Grande is no guarantee of success. In fact, apart from Chile, success stories are few and fa…
Placer to option McFinley project
McFinley Red Lake Mines (TSE) expects to solve some of its recent troubles by optioning its 30-claim Bateman Twp. gold project near Red Lake, Ont., to Placer Dome (TSE). The two companies have signed …
Eastmaque, Equinox merger gains shareholder approval
Shareholders of both Equinox Resources (TSE) and Eastmaque Gold Mines (TSE) recently approved the merger of the two companies leaving Equinox the surviving entity. The companies expect to complete the…
IMM celebrates 100th anniversary
The Institution of Mining and Metallurgy (London) recently hosted a dinner in Toronto to mark the 100th anniversary of the organization’s founding. Guest speaker was Hugh Allen, president of the IMM a…
PDAC selects Watson for Prospector award
The Prospectors and Developers Association of Canada (PDAC) will honor Mackenzie Watson for his participation in numerous mineral discoveries during the past 25 years by naming him “prospector of the …