Osborne issues US$1-million debenture
Shareholders of Osborne and Chappel Goldfields (TSE) have approved the issuance of a US$1-million debenture to Zebrex Holdings, the largest shareholder of Osborne and Chappel (OCG). Zebrex increased i…
News
Wye intersects gold values in three holes
Recent drilling on Wye Resources’ (CDN) Saganaga Lake gold property, about 70 miles west of Thunder Bay, Ont., has intersected gold values of up to 0.53 oz. over narrow widths. Results of three shallo…
Spot prices at a glance (July 06, 1992)
Week’s Price (US) Change Gold* $343.40 – $0.60 Silver* $ 4.03 – $0.01 Platinum* $378.50 + $11.90 Nickel** $ 3.40 + $0.17 Lead** $ 0.28 + $0.03 Copper $ 1.11 + $0.05 Zinc $ 0.61 + $0.02 Courtesy of Sco…
STOCK MARKETS — Dia Met off by $2.50; additional diamond
Western markets managed to hold their ground during the period ended June 29, with the Vancouver Stock Exchange resources index edging up 3.16 points at 543.18, and the composite index posting a modes…
PEOPLE — BREAKWATER RESOURCES (July 06, 1992)
Russell Alley appointed president and chief operating officer; Roy Shipes appointed chairman and chief executive officer; Allen Palmiere, Robert Buchan and Eugene McBurney appointed directors.
LATIN AMERICA — Joutel in Cuban negotiations
Toronto-based Joutel Resources (TSE) has signed a letter of intent with the government of Cuba to acquire four tracts of land each covering about 1,600 sq. km. While negotiations with the Cuban govern…
Noranda gives debt notice
Resources giant Noranda (TSE) has given notice to the Ontario Securities Commission and the U.S. Securities and Exchange Commission in Washington, D.C., that it may issue new debt during the next two …
Skeena and Trillion identify three targets on African permit
Partners Skeena Resources (VSE) and Trillion Resources (ASE) say they have identified three gold targets on their 3,300-sq.-km permit in Ivory Coast. Working in conjunction with joint venture partner …
Gilson appeals prison sentence
A 3-month prison term has been handed to Ronald Gilson for authorizing, permitting or acquiescing in the issuance of a misleading press release by junior Silver Bar Mines. Gilson, president of the com…
Williams top gold mine despite 75,000-oz. drop in production
Despite a significant drop in output at Canada’s top gold producer, the Williams mine near Hemlo, Ont., cumulative production from the nation’s 12 largest gold mines edged up slightly to 2.8 million o…
Victoria acquires Arizona ground
A recently signed letter of intent gives Victoria Resources (VSE) the right to earn a 100% interest in the West Hills copper-oxide property in Cochise Cty., Ariz. Victoria can earn the interest by pay…
LETTERS TO THE EDITOR — Time to give an ounce gold
What a super great idea! Henry Cummings in his letter to the editor suggested: “Let’s bail out gold with a `buy an ounce’ campaign” (T.N.M., June 1/92). “Let gold bail us out,” I think. “Come on and g…