Pegasus continues Talapoosa work
Satisfied with its first phase of work on the Talapoosa property in Nevada, Pegasus Gold (TSE) is proceeding with a second-phase drilling program. Pegasus has the right to earn a 70% interest in the p…
News
Drilling increases reserves at Polaris-Taku gold prospect
After compiling results from the past year’s drilling on the Polaris-Taku property in northwestern British Columbia, preliminary estimates of probable and possible reserves have been boosted to 2.85 m…
STOCK MARKETS — Clinton victory ignites gold stocks; Cambior
Fuelled by higher third-quarter earnings and investor enthusiasm related to the U.S. presidential election, shares of many of the major mining companies posted healthy gains during the week ended Nov….
STOCK MARKETS — Volume leader Lytton trades on sampling
Trading activity on western markets picked up a little steam during the report period ended at noon, Nov. 4, largely because of investor interest in companies active in diamond exploration. The Vancou…
Goldfields arranges Aurora financing
A private placement with major shareholder Gwalia Consolidated will provide up to US$1.37 million for Consolidated Nevada Goldfields (TSE). Gwalia agreed to purchase a minimum of 1.82 million and up t…
PEOPLE — GOLDSTACK RESOURCES
Wally Dahya appointed director.
Amax shares prize with universities
The 1992 Du Pont/Conoco Environmental Leadership Award, presented for environmental excellence in the U.S. mining industry, was recently awarded to Amax Gold. The company was one of five nominees that…
PEOPLE — UNITED GUNN RESOURCES
Richard Moore, Fred Oliver, Roger Taylor, John Koonce and John Chapman appointed directors.
Yellowjack tests property for bulk-tonnage potential
An exploration program aimed at developing bulk-tonnage heap-leachable reserves has begun on a land package acquired by Yellowjack Resources (VSE) in Clarke Cty., Nev., about five miles north of Vicer…
More kimberlite intrusions uncovered — Aber program hits 7
An 8-hole drill program near the south shore of Lac de Gras, N.W.T., yielded seven separate kimberlite intrusions for partners Aber Resources (TSE), Commonwealth Gold (VSE) and SouthernEra Resources (…
Property dispute at Lac de Gras
The first dispute involving diamond exploration properties in the Northwest Territories has surfaced in the courts. In late October, Slumber-Magic Adjustable Bed (VSE) launched an action in British Co…
METAL PRICES — FREE MARKET (November 09, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Nov. 3 Nov. 2 Oct. 30 Oct. 29 Oct. 28 Copper 1438-1439 N/A 1452-1453 1450-1451 1438-…