GOLD FUNDS (September 28, 1992)
BGR Central Net Value $8.66 $5.10 Price $7.00 $4.95 Discount 19.2% 2.9% Value $51,235,000 $83,280,285…
News
Soquem options Minnova properties
Soquem has optioned six gold properties from Minnova (TSE) in northern Quebec’s Chapais area. The properties, covering 66 sq. km, are between the Lac Shortt and Bachelor gold mines, 80 km west of Chap…
Oneida owns Mexican Hat
The Mexican Hat gold property in Cochise Cty., Ariz., is owned 100% by Oneida Resources (VSE) now that the junior has bought out an 80% interest held by a former joint venture partner.
NEWS ROUNDUP — Euro-Nevada repays loan
A $9.5-million loan has been repaid to Prime Resources Group (VSE) by Euro-Nevada Mining (TSE). The loan was exchanged for $9.1 million par value 8% second preferred shares of International Corona, no…
NEWS ROUNDUP — Founder sampling Jellicoe property
A surface sampling program is under way on Founder Resources’ (VSE) 100% owned Blackwater gold property near Jellicoe, Ont. A 2,000-ft.-long mineralized zone will be tested with 70-100 short plugger d…
Queen’s seminar
Governments’ increasing neglect of the mining industry has prompted it to contend with the political agendas. The 23rd policy discussion seminar, held in Toronto by the Centre for Resource Studies of …
Mines ministers seek consensus on industry’s future
A trio of mines ministers will spearhead plans to pull together mining, governments and other interest groups to create an action plan for the troubled industry, the Yukon’s mines minister said during…
Watson honored at QPA meeting
Mackenzie Watson, president of Freewest Resources, was named Prospector of the Year at the 400-strong Quebec Prospectors Association (QPA) convention and annual meeting held recently in Val d’Or, Que….
Maritime activities
Newfoundland and New Brunswick will review their mining activities next month and in November. From Oct. 29 to Nov. 4, Newfoundland will host its Mining Week. Margaret Witte, president of Vancouver-ba…
BOOKS IN REVIEW — Twin annuals
Mining Annual Review 1992 and Metals & Minerals Annual Review 1992. Published by Mining Journal Books, 60 Worship St., London, England EC2A 2HD. US$110 (surface mail) or US$145 (airmail) for both volu…
BOOKS IN REVIEW — Aussie deposits
Register of Australian Mining 1992-93. Edited by Ross Louthean. Published by Resource Information Unit. Suites 8-10, 100 Hay St. Subiaco, Western Australia 6008. A$269 (within Australia), A$293 (overs…
Peru miner pays US$4 million dividend
Southern Peru Copper, a subsidiary of Asarco (NYSE), has paid a US$4-million dividend for the second quarter. Southern Peru, jointly owned by Asarco (52.3%), the Marmon Group (20.7%), Phelps Dodge Ove…