Verdstone raises funds for drilling
Drilling is expected to begin shortly on the Newton Hill gold-copper property under option to Verdstone Gold (VSE). The company recently completed a unit offering consisting of 600,000 shares and 1.2 …
News
Metal prices buoy commodity index
Stronger metal prices helped the commodity price index of Scotiabank pick up in January and move ahead by 1.3% compared with December. The stronger metals, forestry and agricultural prices more than o…
Wheaton warrants
The recent exercising of 698,550 warrants at 60 cents each at the end of February netted Wheaton River Minerals (TSE) $419,130, the company reports.
Lenora options 61 claims near Larder Lake
Encouraged by recent results from a diamond drill hole, Greater Lenora Resources (TSE) has signed an option agreement on a 61-claim property in Rickard Twp., near Larder Lake, Ont. The company is also…
Miner Details (March 16, 1992)
British Columbia doesn’t make the front page of international newspapers often, but it has in recent months, and the stories are not flattering ones. As any environmentally aware Londoner can tell you…
Mapping of Africa
The government of Tanzania will host a meeting, April 6-10, at Arusha, Tanzania, to discuss the initial results of the $4-million African Magnetic Mapping Project. About 800 surveys, mostly airborne, …
Taseko earmarks $8.5 million for Fish Lake work
Private placement financing totalling $7.1 million has been arranged by Taseko Mines (VSE), allowing the company to proceed with an $8.5-million exploration, engineering, feasibility and permitting pr…
Metal prices, summer strike cause 1991 loss for Curragh
Weak metal prices and a summer strike at the Faro, Yukon, zinc-lead mine, forced Toronto-based Curragh Resources (TSE) to take a net loss of $98.3 million or $3.06 per share in fiscal 1991. In 1990, C…
Corona entertains takeover proposals
While not officially on the block, International Corona (TSE) is being courted by a number of international mining companies interested in a possible “business combination.” Dundee Bancorp (TSE), Coro…
Minnova confirms Benoit reserves
The first phase of drilling completed on the Benoit property southeast of Miquelon, Que., established the continuity of the known zone but failed to intersect any additional gold zones. Minnova (TSE),…
Governor General opens MacMillan mineral gallery
“A great day for Canadian mining” was the consensus of some 500 invited guests attending the recent gala opening of the Viola MacMillan Mineral Gallery here. The gallery provides a home for the magnif…
Toronto Stock Exchange (March 16, 1992)
Shares of Aber Resources emerged among the volume leaders during the week ended March 10 as the diamond explorer flew an airborne survey over its 420,000-acre property in the Northwest Territories. As…