Others’ Words (April 06, 1992)
“I’m in the metal business. Other people till the soil and raise food. Other people cut down trees. We dig metals out of the ground and make them useful. We are the people who carry the rest of the wo…
News
Fort Knox plans 2 more holes
Another two holes will be drilled to test the nickel-copper zone on Fort Knox Gold Resources’ (TSE) property in Fawcett Twp., near Shining Tree, Ont., before the company runs out of exploration funds….
Valerie seeks funds for drilling
On completion of a financing, Valerie Gold Resources (VSE) plans to conduct further work on its Mega, Gold and Boot claims in the Fish Lake area of southwestern British Columbia. The company recently …
No excitement from Joutel drill results
Aur Resources (TSE) vice-president Howard Stockford said he is mildly encouraged by results from six holes completed on the Joutel Resources (TSE) copper property at Joutel, Quebec. With a right to ea…
Musto bids successfully for Argentine project
International mining opportunities are being actively pursued by both juniors and majors these days, but the first to venture into Argentina appears to be Vancouver-based International Musto Explorati…
U.S. REPORT (April 06, 1992)
A recently completed drilling program on the Middlemarch project in Cochise Cty., Ariz., returned mixed results for Toltec Resources (VSE) and Westpride Industries (VSE). Toltec can earn a 60% interes…
Canmine drills two properties
Two more holes on Canmine Resources’ (CDN) FER property north of Flin Flon, Man., have intersected narrow lenses of polymetallic massive sulphide. Holes FER-5 and FER-6, collared 165 ft. apart, return…
Pegasus acquires interest in Australian gold producer
The purchase of 38.4 million treasury shares of Zapopan NL gives Pegasus Gold (TSE) a 35% interest in the Australian miner’s 111 million outstanding common shares. Pegasus paid A65 cents per share for…
Kalahari options Nano project in Mexico from Northern Crown
Albert Applegath’s Kalahari Resources (VSE) recently entered into an option agreement to earn 100% of the Nano oxide copper-gold property near Alamos, Mexico, from Northern Crown Mines (VSE). Kalahari…
Witte to speak at CIM lunch
The chairman of Royal Oak Mines, Peggy Witte, will address the April 23 luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum. Witte will speak on the topic of “…
Miners must fight criticism
Regarding John Sadowski’s letter (T.N.M., Mar. 16/92), it’s easy to criticize and it seems that is what everyone would rather do than put their shoulders to the wheel and help to correct the sad state…
Spot prices at a glance (April 06, 1992)
Week’s Price (US) Change Gold* $343.75 + $2.50 Silver* $ 4.15 + $0.04 Platinum* $360.25 + $6.75 Nickel** $ 3.41 + $0.13 Lead** $ 0.24 $0.00 Copper $ 1.01 $0.00 Zinc $ 0.58 + $0.03 Courtesy of Scotiaba…