Drilling tests Vaughan gold project
Assay results are now being reported from a diamond drill program on the Vaughan project where Avondale Resources (VSE) and Candela Resources (VSE) are each earning a 25% interest from associated comp…
News
INSIDER TRADING (June 08, 1992)
The president of Aur Resources (TSE), Jim Gill, recently moved into the market to buy up a block of shares just above the 52-week low of $1.93. According to the Ontario Securities Commission OSC Bulle…
New Canamin options Kennecott ground
A recently completed agreement gives New Canamin Resources (VSE) the right to acquire a 100% interest in the Huckleberry and Whiting Creek copper deposits owned by Kennecott. The two deposits are abou…
Northgate selling shares in MSV
An approximate 33% ownership interest in MSV Resources (ME) is being sold by Northgate Exploration (TSE) in a deal which subsequently involves directly and indirectly several junior companies. Nova-Co…
OBITUARY (June 08, 1992)
James Albert Pike James Albert Pike, a past president of the British Columbia & Yukon Chamber of Mines, died May 23 in Vancouver. Born in Humboldt, Sask., in 1906, Pike graduated from the University o…
Agnico affiliate keeps location of diamond find secret
The companys stock recently reached a new high of $2.35 before falling back to $1.85, compared with a 52-week low of 15 cents. Although Sudbury Contact declined to comment on the exact location of the…
METALS MARKETS (June 08, 1992)
Base metal markets are exhibiting signs that the long downturn may be nearing an end. Scrap generation is low and any pickup in demand must draw on relatively small inventories in producers’ hands and…
Analyst bullish on base metals
When we entered the current recession seems not to be an issue, but when we started to come out of it is, writes metals analyst Ray Goldie of securities firm Richardson Greenshields: In March 1990, th…
Technological improvements bolster Campbell mine
In an age when precious metal producers are struggling with the bottom line, the Campbell mine of Placer Dome (TSE), in the heart of the Red Lake gold camp, is ploughing through tough times with an en…
Private funding for Kenora prospect
A private company from Alberta has agreed to raise the financing required to begin advanced exploration on Kenora Prospectors and Miners’ (CDN) gold prospect in northwestern Ontario. In return for an …
Diamond fever at Kirkland Lake
Some of the limelight focused on the Lac de Gras diamond play is finding its way back to Kirkland Lake, Ont., home of the first kimberlite discovery in Canada. Since that initial find in 1968, at leas…
Verdstone options Victorine mine
In return for a US$5,000 option payment, Verdstone Resources (VSE) recently acquired the right to lease the Victorine mine about 50 miles north of Round Mountain in central Nevada. The option is exerc…