NEWS IN BRIEF (March 09, 1992)
Eden Roc Mineral (ASE) recently announced its first production pour — 313 oz. of dore — from its Afema heap leach gold mine project in the Ivory Coast, West Africa.
News
FINANCING (March 09, 1992)
Axagon Resources Ltd – 300,000 units consisting of 1 sh and 1 wt offered @ $1.40 per unit. GHZ Resource Corp – 600,000 shs offered @ 20 cents per sh. Aquila Resources Ltd – 1,000,000 shs offered @ 35 …
Tri Origin tests potential of its Australian property
With the application of “Canadian-style” exploration techniques, Tri Origin Exploration (TSE) figures it has a good chance of finding a polymetallic massive sulphide deposit on its Lewis Ponds propert…
Morgain drilling in New Hampshire
Drilling is under way at the Higgins property in New Hampshire, says owner Morgain Minerals (VSE). The company will test two geophysical conductors, one on the southern half and the other on the north…
Lyndhurst program
Preliminary field work is under way at the Lyndhurst base metal project in Destor Twp., Que., Globex Mining Enterprises (ME) reports. Globex’s joint venture partner is Noranda Exploration. Survey work…
Jordex boosts Hushamu reserves
With the recent completion of a 16,000-ft. drilling program on the Expo property on Vancouver Island, Jordex Resources (VSE) estimates that minable open pit reserves in the Hushamu deposit have jumped…
NEWS ROUNDUP (March 09, 1992)
The transfer of the majority interest in an Australian uranium project is expected to net Denison Mines (TSE) about $25 million, the company says. The purchaser is not named but Denison said the trans…
Spot prices at a glance (March 09, 1992)
Week’s Price (US) Change Gold* $350.20 + $1.80 Silver* $ 4.11 + $0.04 Platinum* $360.75 + $6.95 Nickel** $ 3.36 – $0.23 Lead** $ 0.24 + $0.01 Copper $ 1.02 – $0.01 Zinc $ 0.54 + $0.02 Courtesy of Scot…
FUTURES PRICES (March 09, 1992)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Mar 102.60 101.90 102.20 + 0.20 May 102.60 101.85 102.15 + 0.60 Jun 101.80 101.30 101.55 …. SILVER (in US cents…
Abo, Bema find Harrison partner
Partners Abo Resource (VSE) and Bema Gold (TSE) recently found a new joint venture partner to fund ongoing work at their Harrison gold property, 60 miles from Vancouver, B.C. Under the terms of a lett…
Queenston to buy Barrick stake in Pandora property
An agreement to purchase the 75% interest of American Barrick Resources (TSE) in the Pandora gold property near Malartic, Que., has been negotiated by Queenston Resources (TSE). The deal, expected to …
GUEST COLUMN (March 09, 1992)
The Northwest Territories government is preparing to take a proposal to Ottawa for the conversion of all territorial mineral and petroleum rights to the use of the northern peoples. “We get most of ou…