INSIDER TRADING (May 11, 1992)
Wheaton River Minerals (TSE) Chairman Ian McDonald continues to be one of the junior resource industry’s most active insiders. In any given week, McDonald’s name usually appears in the Ontario Securit…
News
GOLD FUNDS (May 04, 1992)
Gold Funds as of Apr. 28 BGR Central Net Value $7.54 $4.99 Price $6.00 $4.400 Discount 20.41% 11.8% Value $44,887,000 $74,026,920…
NEWS IN BRIEF (May 04, 1992)
Delta Star Resources Inc. (DLS:VSE) has changed its name to Accord Financial Corp. with a consolidation of capital on a 1-new-for-5-old-share basis.
Magnacon mill deal is extended
A deadline to purchase the Magnacon gold mill near Wawa, Ont., has been extended by two months says Richard Nemis, president of Central Crude (TSE). Nemis says he now has until mid-summer to raise the…
Gold Fields drops Blue Dog
By mutual agreement, an option allowing Gold Fields Mining to earn a 60% interest in the Blue Dog gold property from Gold Canyon Resources (VSE) was recently terminated. The Idaho gold project was pre…
FINANCING (May 04, 1992)
Ventex Resources Corp – 1,500,000 shs offered @ 10 cents per sh.
TSE STOCK EXCHANGE INDICES (May 04, 1992)
Composite “300” 3337.92 3326.45 3349.69 3371.47 3367.75 4009.47 3009.91 Metals&Minerals 2977.67 2976.85 2990.12 2991.22 2989.13 3453.06 2502.63 Integrated Mines 3160.78 3163.38 3176.46 3178.68 3176.07…
Casa Berardi Est mine suspended
Operations at the Casa Berardi Est gold mine of TVX Gold (TSE) in northwestern Quebec were suspended recently after about 12,000 cubic metres of overburden flowed into the underground mine through a f…
Toltec drops Middlemarch option (May 04, 1992)
With the completion of a 7-hole diamond drilling program, Toltec Resources (VSE) has opted to drop its option on the Middlemarch property in Cochise Cty., Ariz. Toltec had the right to earn a 60% inte…
Adrian plans to explore Petaquilla
Junior Adrian Resources (TSE) is heading off to the jungles of north-central Panama to begin exploring the Petaquilla porphyry copper property under the terms of a recent option agreement with Minnova…
Teck to drill Nebex property
Calgary-based Nebex Resources (ASE) says Teck (TSE) will start drilling the junior’s base metal prospect in northern New Brunswick in early May. The prospect lies 3 km north of the 10,000 tonne-per-da…
Witte shares managing secrets
A loyal and technically competent management team is the essential ingredient in any growing mining company, Peggy Witte, president of Royal Oak Mines (TSE), told a recent gathering of the Toronto bra…