1992

NEWS ROUNDUP — Good news from Battle zone stepout

The latest hole drilled by Westmin Resources (TSE) encountered 22.9 metres visually estimated to contain 2.5% copper and 18% zinc from the Battle zone discovery at its Myra Falls mine property near Ca…


United Reef soars on diamond play

Diamond fever has struck a dormant TSE-listed penny mining stock with a vengeance. United Reef Petroleums (TSE), which a few weeks ago sold at 2 cents a share, has soared to 42 cents on heavy volume, …



FINANCING (September 14, 1992)

Cons. Texas Northern Min. Ltd. – 600,000 shs @ 25 cents per sh. Navarre Res. Corp. – 1,400,000 units with a minimum subs. of 1,000,000 units where each unit consists of 1 sh and 1 Series A Sh Purchase…



U.S. REPORT — Drilling starts at Golden Summit

A 5,000-ft. reverse circulation drill program by Freegold Recovery (VSE) is now under way on the Golden Summit property 20 miles north of Fairbanks, Alaska, and adjacent to the Fort Knox gold project …


Newfoundland Ex. acquires claims

Calgary-based Newfoundland Exploration (TSE) has acquired a 50-sq.-km exploration licence in the North Labrador Trough, 90 km southwest of Fort Chimo, Que. The junior says it is negotiating with a maj…


Musto explores Argentine deposit

Major companies are giving Argentina’s mineral potential a closer look now that a capitalist revolution has taken root in the South American country. But the first foreign company to begin a major min…


Majors drilling Gold Giant projects

Surface drill programs will be carried out this summer to test previously defined gold and polymetallic targets on the Nizi and Snoball properties in northwestern British Columbia. The program on the …



BOOKS IN REVIEW — Non-placer gold output levels off

Active Canadian Gold Mines. Published by Metals Economics Group. P.O. Box 2206, Halifax, N.S. B3J 3C4. 500 pages. US$1,600. Canada’s Non-placer gold output levelled off at five million ounces last yea…


Diamonds being sought in Guyana

Diamonds were first uncovered in the South American country of Guyana in 1887 and, according to Golden Star Resources (TSE), are found in some of the same areas that are being mined for gold (although…


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