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…
News
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…
Struggling junior gets a break– High grade lifts St Andrew
Management and 105 employees at St Andrew Goldfields (TSE) have seen their fair share of setbacks since the Stock Twp. gold mine was brought into production in July, 1989. But after finding some unexp…
Claim against Ontario Hydro key to survival for Denison
While certainly not out of the woods yet, Denison Mines (TSE) isn’t looking like quite the basket case it was when hard-driving Bill James took over its reins. This former Cinderella stock that enjoye…
Dwindling supply of diamonds spurs exploration
De Beers, which markets more than 80% of the world’s rough gem diamonds, says the supply of quality stones could be exhausted by the end of the century if the demand for gemstones maintains its histor…
The size of a pop can’s pull-tab and worth about US$3
The ancient Greeks called diamonds “splinters of the stars.” That was before Hollywood became the home of stars but, nevertheless, there is a connection. Both kinds of stars have an affinity for one a…
TORONTO STOCK EXCHANGE INDICES (June 29, 1992)
June 23 June 22 June 19 June 18 June 17 High Low Composite”300″3343.02 3340.66 3350.89 3357.17 3368.19 4009.47 3009.91 Metals&Minerals 3095.19 3095.46 3101.27 3068.12 3125.80 3453.06 2502.63 Integrate…