Investors await diamond evaluation
Although BHP-Utah Mines (TSE) won’t say when it plans to release an evaluation of diamonds taken from the Point Lake kimberlite in the Northwest Territories, Dia Met Minerals (VSE) is expected to have…
News
Dessir investigation continues
An investigation into alleged salting of drill samples from the Gibbs property in Mariposa Cty., Calif., is continuing with the Federal Bureau of Investigation in Fresno now in charge of the case. Des…
Canchrome releases chromite assays
Two new mineralized zones were identified in the latest drilling program at the Reed-Belanger chromite property near Thetford Mines, Que., Canchrome Mines (ME) reports. The company recently released t…
Radisson, CS option property
A letter agreement has been signed with Homestake Canada allowing the company to earn a 51% interest in the Massicotte property in Massicotte Twp. north of La Sarre, Que., Radisson Mining Resources (M…
The future of research in exploration
The Mineral Deposit Research Unit (MDRU) at the University of British Columbia (UBC) organized a research meeting recently on the theme “The future of research in economic geology.” The purpose was to…
GOLD FUNDS (June 15, 1992)
BGR Central Net Value $7.98 $5.04 Price $5.88 $4.50 Discount 26.39% 10.70% Value $47,517,000 $75,709,350…
NEWS IN BRIEF (June 15, 1992)
Applan Resources Ltd. (APL:VSE) has changed its name to Sultan Minerals Inc. (SUL:VSE) with a consolidation of capital on a 1-new-for-4-old-share basis.
PEOPLE (June 15, 1992)
Frederick Lee appointed president.
Sutton negotiating joint venture
After signing an exploration agreement with the Tanzania government, Sutton Resources (VSE) announced it is negotiating with a multinational major mining company to work jointly on part or all of its …
Taseko’s drilling doubles width of Fish Lake deposit
A continuing drilling program at the Fish Lake property southwest of Williams Lake, B.C., has doubled the width of what is already a huge copper-gold porphyry system. The property is managed by Taseko…
Munk purchases Horsham stock
American Barrick Resources (TSE) Chairman Peter Munk recently invested almost $6 million to exercise an option to purchase one million shares of Barrick’s oil refining affiliate Horsham (TSE). Munk al…
Central Crude considering deep drilling at Moss Lake
More diamond drilling is under consideration for the large-tonnage, low-grade Moss Lake gold deposit of Tandem Resources (ME) and Storimin Exploration (ASE) which is under option to Central Crude (TSE…