U.S. REPORT (March 30, 1992)
Montana-based Western States Minerals dropped its option to earn a 60% interest in the Commonwealth property in Cochise Cty., Ariz., from DRX Minerals (NASDAQ). The company says it dropped the propert…
News
Who will find the first Canadian diamond mine?
Several months have passed since 81 small diamonds were discovered in a kimberlite pipe 200 miles northeast of Yellowknife, N.W.T. In the meantime, more than 5,000 square miles have been staked in the…
Eurus drops Spectrum option
Chet Idziszek has spent much of this year dropping exploration projects in northwestern British Columbia, the latest being the Spectrum gold property in the north Iskut area of British Columbia. Idzis…
The GSC: Taking the measure of Canada for 150 years
Created in 1842, the Geological Survey of Canada (GSC) has been the driving force behind the geological mapping of Canada’s nearly 10 million square km of land and freshwater lakes, and more than 6 mi…
Potential of west-coast deposits attracts Inco
The exploration arm of Inco (TSE) is taking on a greater presence in Western Canada through several recent agreements to joint venture properties considered prospective for volcanogenic massive sulphi…
Output down, Asamera posts loss for 1991
The Cannon gold mine in Washington state was a steady performer for 51% owner Asamera Minerals (TSE) in 1991, producing a total of 75,325 oz. gold to the company’s account. The mine turned out the bul…
Jordex drills nickel deposit
Through its 50% owned Venezuelan subsidiary, Cofeminas, Jordex Resources (VSE) recently started a work program on the Loma Hierro laterite nickel deposit about 50 km southeast of Caracas, Venezuela. C…
Uranium market struggle with low prices, oversupply
Canada’s uranium industry faced renewed uncertainty in 1991 as market opportunities faded. In October, the Nuexco exchange value spot price indicator fell to US$7.25 per lb. U3O8, an all-time low in c…
Montreal Exchange (March 30, 1992)
The mining and minerals index took a 22.7-point loss, and the market portfolio was off by 5.6 points, during the week ended March 24. Daily trading volumes were healthy, ranging between 5.2 million an…
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…
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…
PEOPLE (March 30, 1992)
Vern Hall appointed director.