News


LETTERS TO THE EDITOR (June 29, 1992)

Our magazine applauds your addressing the topic of gold dumping. (T.N.M., May 11/92). The dumping of government gold stock by the Canadian central bank, however, is not being executed to reduce federa…


EDITORIAL PAGE (June 29, 1992)

After years of cutbacks in search of improved productivity, only the best of the best are left among the ranks of mining professionals — or at least that’s the optimistic view. Others say those left …



Kookaburra buys

Following the purchase of a 15% net profits interest in the Longshot Ridge property from CoCa Mines, Kookaburra Gold (VSE) now owns a 100% undivided interest in the property. Kookaburra purchased CoCa…


N.W.T. diamond projects keep SouthernEra busy

Aside from spending $1 million this year to explore its claim blocks in the Lac de Gras area of the Northwest Territories, SouthernEra Resources (TSE) will investigate four other diamond prospects in …


Deal-making among owners delays Holloway shaft work

Shaft sinking on the Holloway project near Matheson, Ont., expected to begin in May, has been delayed by negotiations to create a single mine property, says Joseph Baylis, a spokesman for Hemlo Gold M…


Aber drilling copper-zinc prospect

Drilling is under way on the High Lake base metal project in the Northwest Territories following an option agreement between Kennnecott Canada and Aber Resources (TSE). At a recent annual meeting, Abe…


FINANCING (June 29, 1992)

International Brace Res Inc. – 900,000 units consisting of 1 sh and 2 wts offered @ 54 cents per unit. DRT Res. Ltd. – 1,000,000 shs offered @ 16 cents per sh. Vananda Gold Ltd – 300,000 shs offered @…


Strike continues at Giant mine

Management of Royal Oak Mines (TSE) is showing no signs of backing away from the use of replacement workers to continue production at its Giant gold mine near Yellowknife, N.W.T. President Margaret Wi…


Spot prices at a glance (June 29, 1992)

Week’s Price (US) Change Gold* $344.00 + $1.90 Silver* $ 4.04 – $0.07 Platinum* $366.60 – $2.65 Nickel** $ 3.23 – $0.01 Lead** $ 0.25 $0.00 Copper $ 1.06 + $0.02 Zinc $ 0.59 $0.00 Courtesy of Scotiaba…



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