Kingswood cuts 60-ft. gold zone
Further drilling at Kingswood Explorations’ (ASE) 24-claim Devon property near Matheson, Ont., has intersected a wide, gold-bearing zone called the “Thunder zone.” Hole 92-16 intersected 57.7 ft. grad…
News
New financing for Radisson
A recent private placement at 20 cents per share raised $170,000, Radisson Mining Resources (ME) reports. The proceeds will be used to start an exploration program on the company’s Duquesne property n…
Starmin, Adonos update Hinobaan reserve estimate
Shareholders of both Gateford Resources (ASE) and Landmark Corp. (TSE) recently approved an amalgamation of the two companies. The name of the amalgamated company will be Landmark Corp.
Tieman takes MNR assignment
The Ontario Ministry of Natural Resources (MNR) recently took on former Ontario Mining and Lands Commissioner Dennis Tieman for a special assignment. Tieman, who was appointed commissioner in 1990, wi…
Spot prices at a glance (February 17, 1992)
Week’s Price (US) Change Gold* $356.35 + $1.40 Silver* $ 4.20 + $0.03 Platinum* $367.50 + $9.25 Nickel** $ 3.51 + $0.04 Lead** $ 0.23 $0.00 Copper $ 0.99 + $0.01 Zinc $ 0.50 – $0.02 Courtesy of Scotia…
FUTURES PRICES (February 17, 1992)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Feb 99.10 98.50 98.50 + 1.35 Mar 99.15 98.25 98.60 + 1.05 May 98.70 97.90 98.15 + 0.65 SILVER (in US cents per oz…
Western Quebec drills Dubuisson
Two drill rigs are active on the Dubuisson East gold property in the Val d’Or, Que., area, Western Quebec Mines (TSE) reports. Western, which optioned the property from Republic Goldfields (VSE), is t…
Minnova moves rigs to Rouyn
Toronto-based Minnova (TSE) is moving two rigs on to the Golden Briar (Flag) property in Rouyn and Beauchastel twps., Que., to test for deep mineralized structures. The scheduled program, which consis…
EDITORIAL PAGE (February 17, 1992)
“In Sudbury we visited Inco, a company that has made great progress in rehabilitation in recent years. They have a very simple but effective program for returning injured workers to employment as quic…
Unlisted Trading (February 17, 1992)
Continuing to trade actively, Pelangio-Larder Mines gained another 3 cents to close at 60 cents during the week ended Feb. 11. The company has acquired an option on 12 claims in Hurdman Twp., Ont., ab…
Teck drilling Dufresnoy play
A 4-hole drilling program is under way on the BarryOr property in Barry Twp., 180 km northeast of Val d’Or, Que., Dufresnoy, Societe d’Exploration Miniere (ME) reports. Program operator Teck (TSE) may…
Mt. Milligan decision threatens property market
Junior companies seeking to vend copper-gold porphyry projects to senior companies may face a tougher marketing challenge now that Placer Dome (TSE) has written off its $266-million investment in the …