Platinova samples zinc-rich gossan
Chip samples taken from a gossan (oxidized, sulphur-rich rock) in West Greenland have returned up to 43.5% zinc for joint venture partners Platinova Resources (TSE) and RTZ Exploration, a unit of RTZ …
News
Northgate offering delayed for now
Toronto-based Northgate Exploration (TSE) has delayed its rights offering and the terms of the offering may change. The company says the offering has not received the anti- cipated final regulatory ap…
Montreal Exchange (January 06, 1992)
Daily trading volumes plummeted during the holiday-shortened week ended Dec. 30, but both the general market portfolio index and the mining and minerals index soared. The former gained 51.6 points and…
Corona announces plans to merge Prime, Stikine
Minority shareholders of Stikine Resources will have the opportunity in early 1992 to tender their shares to International Corona (TSE) in exchange for preferred shares of Corona at $70 per share. The…
GUEST COLUMN (January 06, 1992)
It may be tempting to view smugly the demise of communism in the USSR as inevitable, but we are faced with a more insidious battle within Canada over the property rights of individuals. We have experi…
Black Swan settles dispute
A dispute between Black Swan Gold Mines (TSE) and Goldbelt Resources (TSE) over an option to acquire a 50% earn-in interest in certain mining properties in the Republic of Russia and the Republic of K…
Toronto Stock Exchange (January 06, 1992)
Analysts were scratching their heads during the week ended Dec. 30 as lower interest rates pushed U.S. stocks to record levels and sparked a pre-New Year rally in Toronto. “It’s ironic that stocks in …
NEWS IN BRIEF (January 06, 1992)
Daer Gold Mines Ltd. (DGD:VSE) has changed its name to I.M.P.A.C.T. Minerals Inc. (IPT:VSE) with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is Pacific Corporate Tr…
Cusac would buy Table Mountain
After completing a due diligence review of the Table Mountain mine, Cusac Industries (TSE) plans to proceed with the purchase of the gold project near Cassiar, B.C. The project is owned by Total Energ…
Stepout hole hits new zone, boosts Fort Knox potential
A new zone intersected at Fort Knox Gold Resources’ (TSE) base metal prospect in Fawcett Twp., near Shining Tree, Ont., has enhanced the property’s potential to host significant volcanogenic massive s…
There’s only one way for metal prices to go — up
As predicted by John McOuat, president of Watts, Griffis and McOuat, and other mining executives, 1991 was a dismal year for exploration in Canada. While junior miners had problems raising risk capita…
Metal prices boost commodity index
Stronger zinc, gold and copper prices more than offset weaker nickel, lead and aluminum prices in November, helping the commodity price index of Scotiabank edge up for the second straight month. Howev…