NEWS IN BRIEF (March 23, 1992)
Gregory Exploration Ltd. (GEL:ASE) has changed its name to Global Mineral & Chemical Ltd. with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is National Trust.
Articles by Northern Miner Staff
Troymin to focus on Lac de Gras
Calgary-based Troymin Resources (ASE) says it will focus its exploration efforts on the Lac de Gras diamond play in the Northwest Territories this year. Troymin holds a 20% interest in about 96,000 ac…
Placer to option McFinley project
McFinley Red Lake Mines (TSE) expects to solve some of its recent troubles by optioning its 30-claim Bateman Twp. gold project near Red Lake, Ont., to Placer Dome (TSE). The two companies have signed …
Eastmaque, Equinox merger gains shareholder approval
Shareholders of both Equinox Resources (TSE) and Eastmaque Gold Mines (TSE) recently approved the merger of the two companies leaving Equinox the surviving entity. The companies expect to complete the…
Osborne issues shares, debt
Osborne and Chappel Goldfields (TSE) says it will proceed with previously announced private placement by issuing 1.5 million common shares at a price of 10 cents per share. The company will also issue…
LETTERS TO THE EDITOR (March 23, 1992)
A story on the deep drilling Kola project in the former Soviet Union near the Norwegian border (T.N.M., Dec. 23/91) identified the U.S. publication CSD News as the source of the information. Several r…
PEOPLE (March 23, 1992)
CYPRUS CANADA — Steven Parry appointed district manager, exploration for eastern Canada. POTASH AND PHOSPHATE INSTITUTE — Robert Connochie elected chairman of the board. CONS. IMPACT RE-SOURCES — F…
OBITUARY (March 23, 1992)
Paul McCloskey, chairman of Matachewan Consolidated Mines, died recently in Toronto. He was 77. Born in Cobalt, Ont., McCloskey graduated with a B.Sc. from Michigan College of Mining and Technology in…
Toronto Stock Exchange — Merger plan makes Corona volume leader
Gold issues took a beating during the week ended March 17, as concern over the situation in South Africa helped drive the price of the yellow metal down US$9 per oz. to US$340, its lowest level since …
Alberta Stock Exchange — Two new listings
Even as the gold price dropped to a 6-year low of US$340 per oz. during the week ended March 17, the exchange welcomed two new mine listings. Western Troy Capital Resources, which used to trade on the…
GOLD FUNDS (March 23, 1992)
BGR Central Net Value $8.13 $5.17 Price $7.50 $4.500 Discount 7.77% 13.0% Value $48,416,000 $75,709,350…
Temisca drills East-Bay prospect
A drilling program on the East-Bay gold property of Ressources Temisca (ME) in Clericy Twp., northeast of Rouyn-Noranda, Que., is complete. The company, still awaiting all of the assays, says hole No….