Arbor options Yukon projects
An undisclosed senior mining company recently signed a letter-of-intent option agreement on the Lone Star property and other mineral claims held by Arbor Resources (VSE) in the Klondike gold camp of D…
News
SouthernEra buying into diamond mine
As predicted at its annual meeting in June, SouthernEra Resources (TSE) has completed negotiations to acquire an interest in an intermittent diamond producer in South Africa. Along with partners Dryde…
Wheaton strikes new Ketza deal
The Ketza River property in the Yukon is being purchased by Wheaton River Minerals (TSE) under a renegotiated agreement with Canamax Resources (TSE). Under the agreement, Wheaton has assumed responsib…
Waddy drills Komis gold deposit
Drilling is under way on Waddy Lake Resources’ (TSE) Komis gold deposit in the Byers mineral belt northeast of La Ronge, Sask. Waddy plans to complete 10,000 ft. to confirm and expand reserves of 562,…
Drilling planned at Sterling mine
A 10,000-ft. drill program will begin in mid-September on the Sterling mine property, 120 miles north of Las Vegas, Nev. The program is aimed at testing an area outside current reserves that is consid…
LATIN AMERICA ROUNDUP — Dayton mulls Andacollo venture
Management of Dayton Mining (TSE) may retain a financial advisory firm to evaluate merger and business proposals from mining companies interested in its Andacollo gold project in Chile. Dayton has rec…
Mine supplier plans offering
Parts distributor Mining and Allied Supplies (Canada) says it has filed for an initial public offering of up to six million units consisting of one common share and one common share purchase warrant. …
METAL MARKETS — Sluggish economic recovery keeps metal
The “dog days” of summer are gone and the increased gridlock of the European, East Bloc, Japanese and U.S. economies are the current preoccupation of market analysts. Industry news and government move…
TORONTO STOCK EXCHANGE INDICES (September 07, 1992)
Sept. 1 Aug. 31 Aug. 28 Aug. 27 Aug. 26 High Low Composite”300″ 3407.63 3402.92 3403.02 3392.60 3383.00 4009.47 3009.91 Metals&Minerals 2924.51 2949.71 2973.06 2969.71 2951.96 3453.06 2502.63 Integrat…
NEWS ROUNDUP — Sheridan reactivating Lyndex
Plans are afoot to reactivate Lyndex Explorations (CDN). Subject to regulatory approvals, the company plans to offer by way of a private placement 400,000 treasury shares on a flow-through basis at 15…
PRODUCER PRICES (September 07, 1992)
ALUMINUM: MW U.S. market US59.25-59.90 cents per lb. (Aug. 20, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 199…
New Duport design proposed
A new design for the Duport project of Consolidated Professor Mines (TSE) in northwestern Ontario has been proposed which will relocate all ore processing from the island mine location to a site outsi…