FUTURES PRICES (April 06, 1992)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Apr 101.70 101.20 101.65 + 0.15 May 101.70 101.10 101.65 + 0.25 Jul 101.15 100.80 101.10 + 0.10 SILVER (in US cen…
1992
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…
Manchester drills Santoy property
A 2,500-ft. drill program is under way at the Santoy Lake gold property, six miles east of Claude Resources’ (TSE) Seabee gold mine in northern Saskatchewan. The project, a joint venture between Claud…
Cyanide tax in U.S. proposed
The proposed U.S. excise tax on cyanide used in mining and mineral activities threatens thousands of jobs in the U.S. gold mining industry says the American Mining Congress (AMC). According to Represe…
Conversion boosts Jordex position
A partnership controlled by Brian Hinchcliffe, the president of Jordex Resources (VSE), and the Ampac Group increased its position in Jordex to more than 2 million shares, or about 21% of the company….
Vancouver Stock Exchange (April 06, 1992)
Both the VSE resource and composite indices recorded gains during the period ended March 31. The composite index added 11.64 points to close at 665.36, while the resource index finished at 556.27, up …
GUEST COLUMN (April 06, 1992)
The Mineral Policy Sector (MPS) of Energy Mines and Resources Canada (EMR) is well known in the mineral industry. At the Centre for Resource Studies (CRS), we have been especially dependent on the MPS…
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…
Morgain tests parallel zones
Recent drilling on Morgain Minerals’ (VSE) property in Coos Cty., N.H., has outlined weak base metal mineralization over a thickness of 750 ft. Holes 92-1 to 92-4 tested two parallel conductive zones …
Montreal Exchange (April 06, 1992)
The announcement of the discovery of a new gold-bearing zone at the old Siscoe mine property near Val d’Or, Que., propelled Aurochs Mining Exploration to near the top of the active list during the wee…
N.W.T. shipping study under way (April 06, 1992)
The Northwest Territories has taken another step towards establishing a shipping operation from Coronation Gulf on the Arctic coast by awarding The Canarctic Shipping Company a contract to complete a …
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…