Pure Gold to raise $3.3 million
Credit Lyonnais Laing, the London-based bank that has financed Lytton Minerals (TSE), Mill City Gold Mining (ASE) and Texas Star Resources (VSE) in their quest for diamonds, has agreed to provide Pure…
News
Minnova options northern properties
Minnova (TSE) can earn a 60% interest in two base metal properties of Continental Pacific Resources (VSE), near Coronation Gulf, N.W.T. The properties, in the Anialik-High Lake greenstone belts, surro…
STOCK MARKETS — VSE resource index jumps on gold, diamond
Spurred by both gold and diamond issues, the Vancouver Stock Exchange resource index jumped more than 66 points to close at 1,013.45 while the composite index finished up 27.53 points at 883.80. Gold …
Flag hits magnetite, extends drill hole
A deep hole drilled by Flag Resources (ASE) on the Wanapitei anomaly near Sudbury, Ont., intersected 814 ft. of magnetite-bearing core from a depth of 1,900 ft. The magnetite (FE3O4) may have been con…
COMMENTARY — Of the gold price, Alaskan permafrost
Analyst Ian Lamont, writing in a recent issue of the Yorkton Natural Resources newsletter: The physical demand for gold bullion is currently extremely strong and, in theory, this should cause the pric…
Futterer award to UBC student
This year’s recipient of the Futterer award is Tina Markovic. The award is given annually to the most outstanding final-year mining student in the Canadian Mineral Industry Education Foundation’s mini…
Home Ventures cuts mineralization
Home Ventures (VSE) has intersected a strong zone of pyrite and blue quartz mineralization in a second drill hole at the McGarry Twp. gold property near Larder Lake, Ont. The property, two miles east …
NEWS ROUNDUP — Marmora plans amalgamation
Two unlisted companies, Marmora Mineral Products and Gitennes Exploration, plan to amalgamate, and the new company, to be known as Gitennes Exploration, is expected to trade on the Canadian Dealing Ne…
Coin demand on the rise
Demand for Canadian circulation coins increased 27% to more than one billion pieces in 1992. Most of the increase is due to public interest in the 25-cent and $1 coins of the Canada 125 coin program, …
Freegold vends Alaska ground
Amax Gold (NYSE) and Freegold Recovery (VSE) have agreed in principle to explore and develop the Golden Summit property in Alaska. Amax can earn a 51% interest by spending US$5 million over six years….
Blusson to vend interests into a public company
Stewart Blusson recently acquired a controlling interest in Texas Sidewinder Oil (VSE), which will buy all his interests in the BHP Minerals/Dia Met Minerals/Charles Fipke/Blusson joint venture outsid…
Monthly record for Castle Mountain
The Castle Mountain mine, in eastern California, produced 104,105 oz. gold in its first year of operation. Viceroy Resource (TSE), operator and 75% owner, said a monthly record of 10,297 oz. gold was …