November start for Amelia project
Through a 50% owned subsidiary, Red Rock Mining (NASDAQ) is continuing to develop the Amelia gold project located near Magdalena in Sonora State, Mexico. The property adjoins the Gertrudis gold projec…
Articles by Northern Miner Staff
Orcana drilling Arizona property
A drilling program is under way at the Castle Copper property in Arizona’s Yavapai Cty. about 50 miles northwest of Phoenix, Orcana Resources (VSE) reports. The company describes the deposit as having…
STOCK MARKETS — Taseko stock price reacts to news about Fish
The price of gold fell more than $6 to the US$344-per-oz. level during our report period ended Oct. 13. This decline, coupled with media coverage of a recent article in The Observer (a respected Londo…
Minnova plans more work for Gataga
A field program was recently completed by Minnova (TSE) on the Gataga properties adjacent to the Stronsay project in the Kechika Trough barite-lead-zinc-silver district of northeastern British Columbi…
TORONTO STOCK EXCHANGE INDICES (October 19, 1992)
Oct.13 Oct.12 Oct.9 Oct.8 Oct.7 High Low Composite”300″3214.85 N/A 3218.49 3215.36 3229.49 4009.47 3009.91 Metals&Minerals 2643.36 N/A 2650.40 2637.92 2683.71 3453.06 2502.63 Integrated Mines2718.39 N…
GOLD FUNDS (October 19, 1992)
BGR Central Net Value $8.40 $5.20 Price $7.00 $5.00 Discount 16.64% 3.8% Value $49,227,000 $84,121,500…
FINANCING (October 19, 1992)
Stormin Res. Inc. – 1,500,000 shs @ 21 cents.
Brewery Creek winding down its 1992 exploration program
The 1992 exploration program is winding down at the Brewery Creek gold project near Dawson, Yukon, a joint venture held 51% by Hemlo Gold Mines (TSE) and 49% by Loki Gold (VSE). At last report, 15 rev…
METALS MARKETS — Metals inventories on the increase
Currency movements, trade turmoil, sagging military spending and other activities influencing the world stage are slowly pushing consumers to the sidelines to await better days. In North America, the …
Onitap undergoes reverse takeover
A private Calgary-based oil and gas company, Red Oak Resources, has completed a reverse takeover of Onitap Resources (TSE). The name Onitap has been changed to Red Oak Resources. It is anticipated tha…
STOCK MARKETS — NovaGold more than doubles despite gold
While Canadian investors were busy feasting on turkey and Blue Jays baseball, the gold price commenced a downhill slide in New York, giving up $5.20 to US$345.20 per oz. on Thanksgiving Day. By the cl…
PRODUCER PRICES (October 19, 1992)
ALUMINUM: MW U.S. market US56.50-58.00 cents per lb. (Oct. 1, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992…