News


Aurizon, Louvem exploring Beaufor play

Exploration and development of quartz veins on the Beaufor property near Val d’Or, Que., will soon be in high gear now that Aurizon Mines (ME) and Louvem Mines (ME) have joined forces. The two compani…


Uranium report due in October

A report on three proposed uranium mining projects in Saskatchewan will be complete by Oct. 15, says Canadian Press. Donald Lee, chairman of the panel studying the developments, estimated the panel ha…


Cusac plans drilling on Table Mountain

A 2,000-ft drill program is planned by Cusac Industries (TSE) to further explore the Table Mountain property near Cassiar, B.C. Crews are being mobilized and a camp established to allow the 7-hole dri…



Metal Prices — FREE MARKET (May 31, 1993)

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 25 May 24 May 21 May 20 May 19 Copper 1190-1191 1178-1179 1183-1184 1176-1177 11…




Sikaman Gold sale nets $1 million

Toronto-listed Sikaman Gold Resources has sold Monk Gold Resources (ASE) a 37.5% interest in the Sol Wood mine and a 50% stake in the Seneca gold project for $1 million cash. Monk must pay $300,000 by…


High Frontier Res. revving up again

Subject to shareholder and regulatory approval, High Frontier Resources plans to consolidate its 8.26 million shares on a 4-for-1 basis and change its name to Consolidated Frontier Resources. To settl…


TSE Short Positions (May 31, 1993)

Semi-monthly reports as of May 15, showed 72,998,779 shares of 684 issues compared with 71,954,072 shares of 683 issues on Apr. 30. Larger individual positions included: Aber 110,341; Amer. Barrick 40…


NEWS ROUNDUP — Spruce Ridge drilling Madoc play

Drilling has begun on the Cooper gold property near Madoc, Ont., a 50-50 joint venture between Spruce Ridge Resources (CDN) and Lakefield Minerals, a private Toronto company. Previous drilling outline…


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