LETTERS TO THE EDITOR — Pluton search
Regarding Eva Schandl’s letter “New light on Sudbury-type rocks” (T.N.M., Aug. 3/92), I like the idea of calling upon “. . . the presence of mineralized source rocks at depth.” In the Nelson, B.C., ar…
News
NEWS ROUNDUP — Work begins on ATT claims
An initial exploration program including prospecting, mapping, geochemical sampling and geophysical surveying was commenced recently at the ATT claims owned by Claimstaker Resources (VSE) and under op…
NEWS ROUNDUP — Metal prices boost Granges
An increase in copper and zinc prices as well a jump in metal production helped Granges (TSE) report a profit of $1.9 million for the second quarter ended June 30, 1992. Revenues jumped to $17.6 milli…
Asarco upgrades Ray reserves
The first calculation of reserves since acquisition of the Ray copper mine in 1986 in Arizona have been completed says Richard de J. Osborne, chairman of Asarco (NYSE). The new figure is in excess of …
Minerex boosts gold output
Gold producer Minerex Resources (TSE) is turning out more of the yellow metal at a lower cash cost this year than it did a year ago. The Vancouver-based company produced 8,390 oz. gold during its 1992…
EDITORIAL PAGE — Paying for the privilege
It’s standard practice for those interested in doing exploration in unfamiliar political jurisdictions to do some preliminary research into the area. Who owns the mineral resources? Who gives out pros…
OBITUARY — W.L. Brown
William Lester (Bill) Brown, a keen field geologist who rose to become general manager of Noranda Exploration and a vice-president of Noranda Mines, died recently in Toronto. He was 81. Born in Brantf…
STOCK MARKETS — Market trading listless; gold price in
Despite a momentary recovery in the price of gold, indices on the Vancouver Stock Exchange continued to drift during the period ended Aug. 18. From its July peak of about US$360 per oz., the yellow me…
NEWS IN BRIEF (August 24, 1992)
Stoney Creek Mines Ltd. (STK:VSE) has changed its name to Cyn-Tech Ventures Ltd. with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.
GOLD FUNDS (August 24, 1992)
BGR Central Net Value $7.97 $4.89 Price $7.13 $4.55 Discount 10.57% 7.0% Value $47,431,000 $76,550,565…
FINANCING (August 24, 1992)
Arrowhead Res. Ltd. – 4,000,000 shs offered, with 2,000,000 shs guaranteed and 2,000,000 shs on a Best Efforts basis @ 20 cents per sh. Sundance Res. Ltd. – 2,200,000 shs offered, with 200,000 shs gua…
TORONTO STOCK EXCHANGE INDICES (August 24, 1992)
Aug 18 Aug 17 Aug 14 Aug 13 Aug 12 High Low Composite”300″3377.82 3379.78 3368.47 3360.45 3377.75 4009.47 3009.91 Metals&Minerals 2990.72 3007.99 2973.02 2952.37 2948.27 3453.06 2502.63 Integrated Min…