Jarvis secures funds for facility
Incentive term loans from two Ontario government agencies totalling $1 million have been made available to Jarvis Resources (VSE) to establish a marble cutting and polishing facility near Sudbury, Ont…
News
METAL PRICES — FREE MARKET (October 12, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct. 6 Oct. 5 Oct. 2 Oct. 1 Sept. 30 Copper 1322-1323 1313-1314 1331-1332 1319-1320 …
Glimmer maintains Beatty-Hislop stake
A private placement has increased Glimmer Resources’ (VSE) issued shares to 2.1 million and raised enough money for the company to maintain its 40% interest in the Beatty-Hislop gold project in northe…
TSE SHORT POSITIONS (October 12, 1992)
Semi-monthly reports as of September 30 showed 28,399,927 shares of 560 issues compared with 28,383,779 shares of 566 issues on September 15. Larger individual positions included: Aber Res. 50,200, do…
Amax, Coral encouraged by Robertson intercepts
Assay results were released by Coral Gold (VSE) from the latest round of drilling on the Robertson joint venture gold property at Crescent Valley, Nev. Three of five holes drilled by partner Amax Gold…
Starmin, Adonos commence drilling
Drilling is under way at the Asia Pacific copper-gold property on the Philippine island of Negros, joint venture partners Starmin Mining (TSE) and Adonos Resources (TSE) report. The program is aimed a…
Nevada major U.S. gold producer
Nevada accounts for 60% of gold produced in the U.S. and about 9% of world production, according to the Nevada Bureau of Mines and Geology. In 1991, the state produced 5.8 million oz. gold worth US$2….
Alaskan venture plans exploration
A joint venture formed by several parties will spend US$4 million during the next two years on exploration for gold, silver, lead, and zinc near Fairbanks, Alaska. Involved in the venture are Sumitomo…
Copper smelter won’t be built
A copper smelter planned for Texas City, Tex., will not be constructed by Mitsubishi Materials Corp. of Japan. Estimated cost of the facility, first announced by Mitsubishi’s U.S. subsidiary Texas Cop…
B.C. projects run into government roadblocks
A war of words has broken out between the British Columbia government and two major mining companies, Fording Coal and Cominco (TSE). The disputes affect existing jobs and new economic development in …
Goldstack plans Utah drilling
Goldstack Resources (VSE) has announced that drilling will commence immediately at its Goldhill property in Utah. The first drill target will be the Kiewit prospect where surface sampling has returned…
INSIDER TRADING — Glencairn principal halves holdings
In late September, Glencairn Explorations (ASE) President Kerry Knoll sold off more than half his common share holdings in the company. According to the Ontario Securities Commission’s insider trading…