1992


NEWS IN BRIEF (March 23, 1992)

Gregory Exploration Ltd. (GEL:ASE) has changed its name to Global Mineral & Chemical Ltd. with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is National Trust.


Troymin to focus on Lac de Gras

Calgary-based Troymin Resources (ASE) says it will focus its exploration efforts on the Lac de Gras diamond play in the Northwest Territories this year. Troymin holds a 20% interest in about 96,000 ac…


Arizona Star drilling Aldebaran

A second-phase exploration program is now in progress at the Aldebaran project under option to Arizona Star Resource (TSE) in north-central Chile. Arizona Star is earning a 51% interest in the propert…


Hockey match set for March 30

The third annual Norman Keevil Memorial Hockey Game will be played March 30 at Toronto’s Moss Park Arena, 140 Sherbourne St., in conjunction with the convention of the Prospectors and Developers Assoc…



U.S. REPORT (March 23, 1992)

A definitive agreement was recently concluded between Athena Gold (VSE) and Pegasus Gold (TSE) for continued exploration of the Talapoosa property in Nevada. Pegasus signed a deal giving it the right …


INSIDER TRADING (March 23, 1992)

Three of Noranda’s (TSE) top executives, including Chairman Alf Powis and President David Kerr recently sold a batch of convertible preferred series C shares which they acquired in 1988. According to …


Boards approve merger of Star, SA

The boards of Golden Star Resources (TSE) and South American Goldfields (TSE) have agreed to a merger. Pending shareholder and regulatory approval, the two juniors will merge on the basis of one commo…


Spot prices at a glance (March 23, 1992)

Week’s Price (US) Change Gold* $340.00- $9.00 Silver* $ 4.07- $0.08 Platinum* $353.90- $9.35 Nickel** $ 3.35- $0.05 Lead** $ 0.24 $0.00 Copper $ 1.01 $0.00 Zinc $ 0.56+ $0.03 Courtesy of Scotiabank. I…


EDITORIAL PAGE (March 23, 1992)

Heading to Latin America for mineral exploration is all the rage these days, but investing south of the Rio Grande is no guarantee of success. In fact, apart from Chile, success stories are few and fa…


Placer to option McFinley project

McFinley Red Lake Mines (TSE) expects to solve some of its recent troubles by optioning its 30-claim Bateman Twp. gold project near Red Lake, Ont., to Placer Dome (TSE). The two companies have signed …


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