Petromet sells 50% stake in Rambler
Newfoundland Exploration (TSE) has acquired the remaining 50% interest in the Rambler property near Baie Verte, Nfld., from its former joint venture partner, Petromet Resources (TSE). To satisfy the $…
News
FUTURES PRICES (March 23, 1992)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Apr 102.00 102.00 – 0.10 May 102.00 100.60 101.90 – 0.15 Jun 100.50 100.50 101.70 …. SILVER (in US cents per oz…
Morgain hits base metals
Morgain Minerals (VSE) says it has intersected base metal mineralization throughout holes 3 and 4 on the Higgins property in New Hampshire. Although assay results are pending, the company estimates so…
World’s deep mines have their own special features
It is customarily thought that the gold mines of South Africa’s Rand pioneered deep mining. Not so. That distinction was held for many years by the Kolar gold field in India. While the deepest Rand mi…
Newfoundland hosts rock room at PDAC
An association of Newfoundland and Labrador explorationists (NALE) is organizing a “rock room” during two days of the Prospectors and Developers Association of Canada’s annual convention in Toronto. T…
Manana’ the rule despite Salinas’ reforms
As President Carlos Salinas de Gortari orchestrates his economic reform program, the image of the lazy Mexican sleeping underneath a cactus plant is rapidly becoming a thing of the past. Inflation is …
Founder drilling at Coral Lake
A 5-hole, second-phase drilling program was recently started up on the Coral Lake gold claims of Founder Resources (VSE) near Beardmore, Ont. Encouraged by results from the first two holes, Founder ha…
Corona’s low costs prompt Homestake bid
The proposed merger between Home stake Mining (NYSE) and International Corona (TSE) is expected to result in Homestake becoming one of the world’s largest gold producers with anticipated 1992 producti…
Radisson drilling uncovers new structure at Duquesne
A new deep structure has been discovered on the Duquesne property north of Rouyn-Noranda, Que., Radisson Mining Resources (ME) reports. The company recently undertook a 4-hole program in hopes of reac…
Metal Prices (March 23, 1992)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar 17 Mar 16 Mar 13 Mar 12 Mar 11 Copper 1275-1276 1290-1292 1300-1301 …
Copper trade beckons B.C. west — About $1 billion in B.C. copper
British Columbia has a long history of trade with Japan, which today is the province’s second largest trading partner and which purchases almost 30% of the province’s total exports in terms of value. …
U.S. REPORT (March 23, 1992)
A definitive agreement was recently concluded between Athena Gold (VSE) and Pegasus Gold (TSE) for continued exploration of the Talapoosa property in Nevada. Pegasus signed a deal giving it the right …