Toronto Stock Exchange (April 06, 1992)
Taking their cue from Teck (TSE) and its chairman, Norman Keevil, investors moved into the market during the week ended March 31 to buy up shares of Aur Resources. Teck has shown confidence in Aur by …
News
Drilling under way at Key Anacon
Toronto-based Rio Algom (TSE) will complete a minimum of 16,000 ft. of drilling on Key Anacon Mines’ (TSE) base metal property in northern New Brunswick this year as part of a 5-year option agreement….
TORONTO STOCK EXCHANGE INDICES; NEWS IN BRIEF (April 06, 1992)
Berglynn Resources Inc. (BGN:VSE) has changed its name to Arkona Resources Inc. with a consolidation of capital on a 1-new-for-2-old-share basis.
Ottawa seeks more details from Curragh
The federal government will not make a decision on Curragh Resources’ (TSE) recent request for a loan guarantee until the Toronto zinc-lead miner provides more justification as to why it needs support…
Sudbury Contact price jumps with diamond find at Kirkland Lake
Shares of Sudbury Contact Mines (TSE) jumped from 37 cents to 56 cents recently after the company announced the discovery of eight microdiamonds (diamonds with a diameter of less than 0.45 millimetres…
Foreign opportunities downplayed at PDAC
This year’s annual convention of the Prospectors and Developers Association of Canada attracted about 1,500 delegates and 800 exhibitors but the general mood seemed anything but upbeat. The convention…
Red Rock drills confirm Mexican project reserves (April 06, 1992)
Private Australian company Walhalla Mining and 63%-owned Red Rock Mining (VSE) are set to pick up where Terra Mines left off by putting the Amelia gold project in Mexico back into production. Three ye…
Special meeting of Breakwater set for April 10
Shareholders of Breakwater Resources (TSE) will be meeting April 10 to consider various matters related to the company’s proposed debt restructuring. Earlier this year, Breakwater management negotiate…
EDITORIAL PAGE (April 06, 1992)
The opportunities for mineral exploration outside of Canada are certainly inviting, and many Canadian companies are taking advantage of other countries’ efforts to attract mining investment. It is wor…
Drilling continues at Bellas Gate (April 06, 1992)
More assay results were released by Golden Ring Resources (VSE) from an ongoing drilling program at the Bellas Gate copper-gold property in central Jamaica. A third vertical hole at the Connors deposi…
Aur shareholders OK Teck agreement
Aur Resources’ (TSE) shareholders recently gave the green light to a financing deal with Teck (TSE) that allows Aur to fund its share of the development costs at the $326 million Louvicourt Twp. base …
Metall set to boost copper, zinc output
By developing Izok Lake and three projects outside Canada, Metall Mining (TSE) is hoping its share of copper production from international operations will increase to about 135,000 tonnes from 85,000 …