Pacific Gold sale to Westmin
A recent letter agreement provides for Westmin Resources (TSE) to acquire all of Pacific Gold’s (VSE) interest in the Debbie, Yellow and Thistle gold properties near Port Alberni, B.C. Westmin agreed …
News
Minnova options Ecstall’s claims adjacent to Stronsay
A work program by Minnova (TSE) will begin this month on a large land package adjacent to Curragh Resources’ Stronsay deposit in northeastern British Columbia. Minnova can earn a 60% interest in the 1…
TSE SHORT POSITIONS (June 01, 1992)
Semi-monthly reports as of May 15, showed 26,957,661 shares of 630 issues compared with 25,039,057 shares of 599 issues on April 30. Larger individual positions included: Amax Gold 80,950, up 62,550; …
Cuba boosts sales of nickel to West
Cuba says it has quadrupled nickel sales to western countries and it has plans to double its nickel production by the year 2000. Dependent economically in the past on the former Soviet Union (for exam…
Tri Origin finds new mineralization at Lewis Ponds
Tri Origin Exploration (TSE) has released the first results from its Lewis Ponds base metal project in Australia. Hoping to find a polymetallic massive sulphide deposit, Tri Origin is completing a 5-h…
Silver Glance negotiating for fluorite project financing
Management of Silver Glance Resources (VSE) is involved in early-stage negotiations with an undisclosed sponsor to raise about $20 million to continue advancing its fluorite deposit in La Paz Cty., Ar…
METAL PRICES (June 01, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 26 May 25 May 22 May 21 May 20 Copper 1221-1222 N/A 1231-1232 1225-1226 1218-121…
INSIDER TRADING (June 01, 1992)
SouthernEra Resources (TSE) director Lee Barker is poised to benefit from any new developments in the Lac de Gras diamond hunt after picking up 100,000 shares of the Northwest Territories explorer. Ac…
PRODUCER PRICES (June 01, 1992)
ALUMINUM: MW U.S. market US59.50-60.50 cents per lb. (May 14, 1992). ANTIMONY: New York dealer US78-83 cents per lb. (May 14, 1992). BISMUTH: New York dealer US$2.45-2.70 per lb. (May 14, 1992). CADMI…
Golden Star merges with South American Goldfields
The planned merger of Golden Star Resources with South American Goldfields into a new company known as Golden Star Resources Ltd. (TSE) was approved by shareholders of both companies recently. About 1…
$20-million offering by Cominco Res.
The final prospectus for a $20-million offering of units was recently released by Cominco Resources International (TSE). The company plans to issue 8.334 million units at a price of $2.40 per unit. Th…
Westmin alliance with Noranda Sales
Noranda Sales was recently appointed exclusive sales agent for copper and zinc concentrates produced by Westmin Resources (TSE) at its Myra Falls mine complex near Campbell River, B.C. Westmin, which …