Westmin drilling expands Battle zone
The Battle zone is being extended by Westmin Resources’ (TSE) ongoing drill program at the Myra Falls mine property near Campbell River, B.C. Two recent holes extended the zone a significant distance …
1992
Major-Gen. options Noranda claims
Under an agreement-in-principle with Noranda (TSE), Major General Resources (VSE) has been granted the option to earn a 50% interest in six properties in northwestern Ontario. The properties, accessib…
Viceroy increases output, earnings
Increased gold production at the Castle Mountain gold mine enabled Viceroy Resource (TSE) to boost its second-quarter earnings by 28% to $1.5 million from $1.2 million earned during the first quarter….
TSE INDICES (November 16, 1992)
Nov. 10 Nov. 9 Nov. 6 Nov. 5 Nov. 4 High Low Composite”300″3277.20 3293.76 3299.77 3339.76 3344.80 4009.47 3009.91 Metals&Minerals 2658.59 2684.85 2702.84 2727.68 2742.64 3453.06 2502.63 Integrated Mi…
METALS PRICES — FREE MARKET (November 16, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Nov. 10 Nov. 9 Nov. 6 Nov. 5 Nov. 4 Copper 1406-1408 1384-1385 1397-1398 1431-1432 1…
Adonos, Bellex negotiate merger
Juniors Adonos Resources (TSE) and Bellex Mining (VSE) have agreed conditionally to an amalgamation of the companies, subject to shareholder and regulatory approval. The name of the amalgamated compan…
NEWS ROUNDUP — St Andrew fined over spill
The Ontario provincial court has ordered St Andrew Goldfields (TSE) to pay a $16,000 fine in connection with a spring spill at the company’s Stock Twp. gold mine near Timmins, Ont. The court also rule…
EDITORIAL PAGE — Worrying trade war
Just when you thought it was safe to venture outside, another “war” rears its ugly head on the world stage. In this case, it is a trade war encompassing superpowers and Third World nations alike. As t…
Minnova and Kerr plan Troilus study
A $4.2-million feasibility study on the Troilus gold deposit (formerly the Frotet project) has been announced by the property’s joint owners, Minnova (TSE) and Kerr Addison (TSE). The study is expecte…
Equisure samples Timmins property
A recently completed trenching and sampling program on Equisure Financial Network’s (TSE) Godfrey-Turnbull Twp. gold property near Timmins, Ont., has yielded encouraging results. A total of 300 ft. of…
NEWS ROUNDUP — Deak exercises Astoria option
Toronto-based Deak Resources (TSE) has exercised its option to acquire Yorbeau Resources’ (TSE) Astoria gold mine and adjoining property near Rouyn-Noranda, Que. Deak has applied for the necessary reg…
ON THE LEVEL — NDP killing mining
With exploration expenditures way down, mining in Canada is withering and dying, yet Canadian mining companies are doing quite well. Unfortunately, this is occurring in other lands where they are welc…