News



Dwindling supply of diamonds spurs exploration

De Beers, which markets more than 80% of the world’s rough gem diamonds, says the supply of quality stones could be exhausted by the end of the century if the demand for gemstones maintains its histor…


Gasser looks to Taylor Twp.

Recent encouragement at the Stock Twp. gold mine near Timmins, Ont., has persuaded St Andrew Goldfields (TSE) to look at the possibility of doing more drilling on its adjacent Taylor Twp. claims. Alth…


Billiton buys BP’s stake in Selbaie

As part of a continuing effort to concentrate on its oil and gas business, BP Canada (TSE) recently agreed to sell its 61.11% stake in Les Mines Selbaie to partner Billiton Metals Canada. Having signe…



Inco boosts size of debenture issue

The size of a U.S. dollar debenture offering has been increased by Inco (TSE) to US$200 million from US$150 million (T.N.M., June 15/92) because of strong investor demand, the company says. The debent…


GUEST COLUMN (June 29, 1992)

Meaning “Our Land” in Inuktitut, Nunavut is the new Inuit territory to be formed from the Northwest Territories’ eastern Arctic portion. The creation of Nunavut no later than April 1, 1999, is expecte…


STOCK MARKETS (June 29, 1992)

Tyler Resources stood out as a winner among softening diamond stocks during the week ended June 23 as the issue moved to a new high of 34 cents on The Toronto Stock Exchange before slipping slightly t…


Kookaburra buys

Following the purchase of a 15% net profits interest in the Longshot Ridge property from CoCa Mines, Kookaburra Gold (VSE) now owns a 100% undivided interest in the property. Kookaburra purchased CoCa…


TORONTO STOCK EXCHANGE INDICES (June 29, 1992)

June 23 June 22 June 19 June 18 June 17 High Low Composite”300″3343.02 3340.66 3350.89 3357.17 3368.19 4009.47 3009.91 Metals&Minerals 3095.19 3095.46 3101.27 3068.12 3125.80 3453.06 2502.63 Integrate…


Polaris gold zone extended

Recent drilling on the Polaris-Taku property in northwestern British Columbia has extended the strike length of the C vein about 350 ft. to the east at the 400-ft. level. Suntac Minerals (VSE) is earn…


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