VSE resource index posts 50% increase
Market activity on the Vancouver Stock Exchange increased during 1992, with both higher volume and value reported. Total volume trading in 1992 reached almost 3.9 billion shares compared with about 3….
Articles by Northern Miner Staff
NEWS IN BRIEF (January 18, 1993)
Long Range Resources Ltd. (LRG:ASE) has changed its name to Sport Specific International Inc. with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is R-M Trust Co. in C…
Spot prices at a glance (January 18, 1993)
Week’s Price (US) Change Gold* $327.85 – $1.00 Silver* $ 3.67 – $0.03 Platinum* $356.60 – $1.10 Nickel** $ 2.72 – $0.10 Lead** $ 0.20 $0.00 Copper $ 1.01 – $0.05 Zinc $ 0.48 – $0.00 Courtesy of Scotia…
Gold price slides, other metals rebound
As gold prices plunged to a 7-year low, other metal prices continued to rebound from slumps experienced in mid-November. On Jan. 4, gold was fixed in London at US$328.25 per oz. in the afternoon sessi…
Arbor, Wealth projects returned
Several grassroots exploration prospects were returned to Wealth Resources (VSE) and Arbor Resources (VSE) after various joint venture partners failed to return significant mineralization from 1992 ex…
NEWS ROUNDUP — Adonos and Bellex amalgamating
The amalgamation of Adonos Resources (TSE) and Bellex Mining (VSE) has been approved by shareholders of both companies. The name of the amalgamated company, to be based in Vancouver, is ADEX Mining, a…
NEWS ROUNDUP — Chase hires a fiscal agent
A fiscal agency agreement was recently completed between First Marathon Securities and Chase Resource (VSE). Under the terms of the agreement, First Marathon will act as fiscal agent and financial adv…
Sopko to speak at CIM dinner
Guest speaker at a “student’s night” dinner Jan. 21 at Toronto’s Royal York Hotel will be Michael Sopko, chairman and chief executive officer of Inco Ltd. The dinner is sponsored by the Canadian Insti…
Cogema enters option agreement with Eastfield at Spanish
A recent agreement between Eastfield Resources (VSE) and Cogema Canada gives Cogema the right to earn a 51% interest in the Spanish Mountain property in northern British Columbia. Cogema can earn the …
Two additional holes drilled at Moss Lake
Two additional drill holes have been completed by Central Crude (TSE) on its Moss Lake gold property 50 miles west of Thunder Bay, Ont. Both holes encountered low-grade gold mineralization. The best i…
HudBay positions itself for growth
With two mines in Manitoba having closed in the last 18 months, and two others in the Snow Lake division approaching the end of their productive lives, Hudson Bay Mining and Smelting (TSE) might seem …
Major placement
Major General Resources (VSE) says it has agreed to a private placement of one million units at 15 cents per unit, subject to regulatory approval. Each unit consists of one share and one warrant which…