Amax drilling at Haile
With its purchase option expiring May 1, 1992, Amax Gold (NYSE) is operating three drill rigs on the Haile gold property near Kershaw, S.C. Amax can earn a 62.5% interest in the property from Piedmont…
News
Lacklustre results from Fort Knox
The latest results from Fort Knox Gold Resources’ (TSE) base metal property in Fawcett Twp., Ont., include a 64.5-ft. interval of low-grade lead-zinc mineralization pulled from the property’s north gr…
Minnova to get $15 million — Metall to buy into Izok Lake
Toronto-based companies Minnova (TSE) and Metall Mining (TSE) have agreed to combine their mining and financial strength in a bid to develop the Izok Lake copper-zinc property in the Northwest Territo…
Kemess enters development stage
Owners of the South Kemess copper-gold project have filed the first of two documents required for approval of mine development with the British Columbia government. El Condor Resources (VSE) and St. P…
EDITORIAL PAGE; LETTERS TO THE EDITOR
I was well aware of William Fyfe’s view on the earth’s ecosystems (T.N.M., Jan. 27/92) when I made my remarks about “political environmentalists.” I agree that overpopulation is the root cause of all …
Vancouver Stock Exchange — Takeover talk benefits Prime Res.
Gold’s performance went from disappointing to depressing as it slipped below the US$340-per-oz. level amid rumors of European selling and talk of its demise as the preferred haven against political an…
Montreal Exchange — More Orient drilling
Daily trading volumes were relatively strong during the week ended March 17, ranging between 5.2 million and 8.3 million shares, but both the market portfolio and mining and minerals index stumbled. T…
Melinga plans work program for two northern prospects
A first-phase exploration program scheduled to begin in early April is being planned by Melinga Resources (VSE) for the Griffin Lake property and Kognak River property in the District of Keewatin, N.W…
Cream Silver options Doromin property
A recently signed option agreement between Cream Silver Mines (VSE) and Doromin Resources (VSE) gives Cream Silver the right to earn an 80% interest in Doromin’s George property in the northwest Mores…
GOLD FUNDS (March 16, 1992)
BGR Central Net Value $8.22 $5.16 Price $7.50 $4.600 Discount 8.75% 10.9% Value $48,937,000 $77,391,780…
FINANCING (March 16, 1992)
Melinga Resources Ltd – 1,700,000 units consisting of 1 sh and 1 series A purch wt offered @ $1.04 per unit. Gold Giant Minerals Inc – 700,000 shs offered @ 35 cents per sh. Arizona Star Resource Corp…
Wheaton warrants
The recent exercising of 698,550 warrants at 60 cents each at the end of February netted Wheaton River Minerals (TSE) $419,130, the company reports.