PEOPLE — STAR VALLEY RESOURCES
Robin Matthews appointed director.
News
PEOPLE — SAVANNA RESOURCES
Peter Gummer appointed director and vice-president, exploration.
Inco’s costs cause concern as nickel markets remain flat
Citing dismal prospects for the nickel market and Inco’s (TSE) high production costs, several analysts are issuing strong sell recommendations on shares of the world’s largest nickel producer. Indeed,…
LATIN AMERICA ROUNDUP — Minorca acquiring Mexican prospect
A letter of intent to acquire a 100% interest in the Oro Verde copper-gold-silver property in Sonora, Mexico, has been signed by Minorca Resources (VSE). The company says it must remit 175,000 shares …
LETTERS TO THE EDITOR — Reining in `pilfermania’
Perhaps Canadians can be forgiven when our masters are trying to decide how many Senators should be allowed to dance on the head of a pin; forgiven for not believing that these same esoteric philosoph…
U.S. REPORT — Inter-Rock buys gold explorer
Following shareholder approval, Inter-Rock Oil has purchased a numbered Ontario company with a gold prospect in Nevada and has changed its name to Inter-Rock Gold. Management is currently trying to ra…
Exploration spending slows to trickle in B.C.
British Columbia exploration dollars are flowing into low-risk, conservative plays this year as investors try to shelter funds from frosty winds on the home front. Jack Patterson of the B.C. & Yukon C…
U.S. REPORT — Second phase of exploration set for Silver
A second-phase exploration program will begin this fall on the Silver Butte mine property in Oregon. The program will be carried out by Formosa Resources (VSE), mine operator, with funding provided by…
NEWS IN BRIEF (September 14, 1992)
TSA Explorations Ltd. (VSE) has changed its name to Boron Chemicals International Ltd. with no consolidation of capital. The transfer agent is Montreal Trust.
U.S. REPORT — USMX extends Yankee life
Recent drilling results from the Yankee project have owner USMX (NASDAQ) predicting an extension to the mine’s life. The discovery is within the Yankee project near Ely, Nev., about two miles from the…
Greenhills coal mine reopens
A buyer will be sought for the Greenhills coal mine in British Columbia’s Elk Valley which reopened in early September after an agreement-in-principle was reached among the British Columbia government…
METAL PRICES — FREE MARKET (September 14, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Sept. 8 Sept. 7 Sept. 4 Sept. 3 Sept. 2 Copper 1229-1230 NA 1251-1252 1246-1248 1245…