Newmont, Barrick in joint effort
An agreement in principle has been reached between gold producers Newmont Gold (NYSE) and American Barrick Resources (TSE) for joint co-operation in the development of their common areas in the northe…
News
Anglesey meets roadblock in bid to finance Parys
The Parys mine project in North Wales may not go into commercial production next year as the United Kingdom’s biggest ever base metal mine. The operation was to have produced zinc, lead, and copper co…
Vangold drills Iron Colt vein
Recent underground drilling by Vangold Resources (VSE) on the Iron Colt property near Rossland, B.C., intersected 41.7 ft. grading 0.11 oz. gold per ton from 47.6-89.3 ft. The intersection includes an…
Drilling continues at Battle zone
A recent hole drilled by Westmin Resources (TSE) at the east edge of the newly discovered Battle zone encountered three intersections of ore-grade material. The drilling is part of an effort to expand…
Fort Knox reports anomalous values
Borehole SG-10 is in progress at the Fawcett Twp. base metal property of Fort Knox Gold Resources (TSE) in the Shining Tree area of northeastern Ontario and is targeted on a strong electromagnetic res…
Claude resumes drilling amid talks with creditors
While attempting to reschedule payments on $5 million owed to major creditors, Claude Resources (TSE) continues to make progress at its Seabee gold mine near La Ronge, Sask. Following a 6-week product…
Robex plans drill program for Baie Bateman property
A flow-through financing worth $350,000 will allow Ressources Robex (ME) to proceed with a drilling program and ore-reserve re-evaluation at the Baie Bateman property in the Chibougamau area of Quebec…
Hemlo transfers stake in Rendell-Jackman project
Toronto-based Hemlo Gold Mines (TSE) has agreed in principle to assign its 50% interest in the Rendell-Jackman gold project in Newfoundland to Major General Resources (TSE), owner of the remaining int…
B.C.’s mining association endorses land commission
The recent appointment of Stephen Owen as Resource and Environment Commissioner for British Columbia is viewed as a positive move by Tom Waterland, president of the Mining Association of British Colum…
Learning labs for students
All of the Sudbury Board of Education’s grade 8 students will have a chance to gain first-hand knowledge about career opportunities in the field of engineering and technology this spring. The Ontario …
GOLD FUNDS (February 03, 1992)
BGR CENTRAL Net Value $8.54 $5.16 Price $7.63 $4.600 Discount 10.74% 10.9 Value $50,859,000 $77,391,780…
NEWS IN BRIEF (February 03, 1992)
Spectrum Gold Corp. (SGI.A:ME) has changed its name to Scarlett Minerals Inc. (SMI:ME) with a consolidation of capital on a 1-new-for-2- class-A-old-share basis.