NEWS IN BRIEF (November 23, 1992)
Greyhawk Resources Ltd. (GHK:VSE) has changed its name to GHK Resources Ltd. (GKS:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Pacific Corp. Trust.
News
GOLD FUNDS (November 23, 1992)
Gold Funds as of Nov. 17 BGR Central Net Value $7.85 $5.06 Price $6.63 $4.80 Discount 15.61% 5.1% Value $45,419,000 $85,147,784…
Program to teach market investors
The Canadian Shareholders Association, a non-profit organization based in Windsor, Ont., has launched a new, 5-year program designed to teach Canadians the principles and methods for successfully inve…
Audrey’s plan for 1100 lens worth $7.3 million
The board of directors of Audrey Resources (TSE) has approved a $7.3-million underground exploration and development program for the 1100 lens at the Mobrun property near Rouyn-Noranda, Que. The progr…
Holloway shaft at 45 metres
Shaft-sinking at the Holloway gold project near Matheson, Ont., has reached a depth of about 45 metres, according to a progress report by operator Hemlo Gold Mines (TSE). Advancing at a rate of a few …
Ray expansion boosts Asarco copper output
The Ray Complex, about 35 miles south of here, has been called a “rock-to-metal” operation. Owned by Asarco (NYSE), the complex encompasses mining and milling operations at the Ray mine site as well a…
NEWS ROUNDUP — Vior, Soquem in property deals
Three adjacent properties in the Douay area, about 20 km northeast of Joutel, Que., are the subject of agreements between Societe d’Exploration Miniere Vior (ME) and Soquem, the Quebec Crown mining ex…
NEWS ROUNDUP — Westray inquiry is sidelined
The public inquiry into the Westray coal mine disaster has been sidelined. The Nova Scotia Supreme Court recently struck down the investigation into the May explosion in which 26 miners died. The Unit…
NEWS ROUNDUP — Virginia plans Sagar drilling
A drilling program is planned for early 1993 by Virginia Gold Mines (ME) for its Sagar-III property in the Labrador trough area of Quebec. Virginia, which has increased the number of claims at Sagar, …
NEWS ROUNDUP — Aur drilling Joutel property
A third-phase 5,000-ft. drilling program is under way at the former producing 26-claim Joutel Copper property near Joutel, Que., Aur Resources (TSE) and Joutel Resources (TSE) report. To be tested is …
Lifting Zenmac’s cease-trading order
With its corporate house now back in order, Zenmac Zinc’s (ASE) cease-trading order is expected to be lifted shortly, its recent and unusually well-attended annual meeting was told. The meeting was ch…
Correction (November 23, 1992)
The letter to the editor titled “Rooting for Bern Brynelsen” (T.N.M., Nov. 16/92), regarding Bern Brynelsen and his Canadian Mining Hall of Fame nomination, stated in the lead paragraph that Brynelsen…