Eastern samples Newfoundland prospect
Grab samples taken during field work this year at the Long Island property in Newfoundland returned values of 0.05-0.06 oz. gold per ton, Eastern Goldfields (CDN) reports. The company says follow-up w…
News
NEWS IN BRIEF (January 13, 1992)
Arthurian Resources Ltd. (ATU:VSE) has changed its name to Pacific Copperfields Inc. (PCF:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.
Activity in Alaska’s Juneau gold belt
Alaska was also active this year, with considerable activity focused on the Juneau gold belt where a number of mine projects are being developed toward production. A unit of Cominco (TSE) continued ex…
Rosebud maintains high profile in Nevada
Exploration in Nevada remains active, primarily because a number of established mining companies are continuing to explore ground held near existing mine operations. One of the higher-profile explorat…
FMC, Atlanta hunt for ore in Idaho
Neighboring Idaho also saw some action this year, even though FMC Gold (NYSE) has yet to announce a production decision for its huge Beartrack gold deposit in Lemhi Cty. FMC owns 71% of the project, a…
Gold still dominates U.S. exploration, role of juniors fades
Gold prices may not be what they were several years ago, but that isn’t stopping explorationists from concentrating their efforts on finding more of the precious metal in the western U.S. Indeed, gold…
U.S. REPORT (January 13, 1992)
The final six holes of the 1991 drilling program on the Rosebud joint venture in Nevada were released by 51-49 partners LAC Minerals (TSE) and Equinox Resources (TSE). The drilling included infill and…
Westmin expands Battle zone
Ongoing drilling by Westmin Resources (TSE) is expanding the newly discovered Battle zone on the company’s Myra Falls mine property near Campbell River, B.C. The company recently obtained a fourth “sp…
Golden Ring begins drilling
Field personnel and drill equipment were recently mobilized to the Bellas Gate property in Jamaica to test two advanced porphyry copper-gold targets and a new copper-gold-silver discovery. The project…
TVX director seller prior to price fall
TVX Gold (TSE) director Nigel Lees recently sold a portion of his holdings in the Toronto-based gold-silver miner at a substantial premium on the recent market price. In November, according to the Ont…
Unlisted Trading (January 13, 1992)
Topping the list of most active issues for the week ended Jan. 7 was Horne Fault Mines, which gained 20 cents to close at 50 cents. The junior is hoping to start up a slag processing operation in Neva…
Montreal Exchange (January 13, 1992)
Activity slowed during the New Year’s holiday week but did pick up on the last day of our report period ended Jan. 7. Daily trading volumes ranged between 1.6 million and 5.9 million shares. The marke…