Canada shows dismal record for return on gold
Recent reflections on exploration success in this country have shattered the perception that, given some money and a little luck, a seasoned prospector has a good chance of finding an economic gold de…
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Spot prices at a glance (March 30, 1992)
Week’s Price (US) Change Gold* $341.25 + $1.25 Silver* $ 4.11 + $0.04 Platinum* $353.50 – $0.40 Nickel** $ 3.28 – $0.07 Lead** $ 0.24 $0.00 Copper $ 1.01 $0.00 Zinc $ 0.55 – $0.01 Courtesy of Scotiaba…
Westmin drilling sets new standards
Preserving the natural environment was an important part of Westmin Resources’ (TSE) recent surface drill program at its Myra Falls mine property near this Vancouver Island community. The program was …
Goldbelt gets green light for projects in former USSR
Shareholders of Goldbelt Resources (VSE) recently ratified the company’s plans to develop mineral resources in two republics of the Commonwealth of Independent States (the former Soviet Union). Under …
Seniors counting on exploration
Senior North American gold producers churning out over one million oz. of gold per year must find or acquire the equivalent of one Eskay Creek property every two years in order to sustain reserves. By…
Creative thinking needed, Vior president says
A photo of Albert Einstein with the expression “imagination is more important than knowledge” lies next to the desk of Claude St-Jacques, president of Quebec City-based Societe d’Exploration Miniere V…
Cambior extends Giant program
The second phase of an undergrund exploration program at the Sleeping Giant gold project 40 miles north of Amos, Que., has been extended, Cambior (TSE), the operator, and Aurizon Mines (TSE) report. M…
Amax Gold, Bema to combine on Refugio property in Chile
If a recently signed letter of intent to purchase Cia Minera Refugio’s 50% interest in the Refugio property is completed, Amax Gold (NYSE) and Bema Gold (TSE) will become joint venture partners in the…
Aquamin seeks sunken treasure
This summer Aquamin Resources (VSE) plans to embark on a unique quest for gold, specifically some 800 tons of concentrate grading 4 oz. gold per ton on a sunken barge lying under 300 ft. of water. The…
Inco continues its drilling of Victor
Nickel producer Inco(TSE) isn’t saying anything more than it already has about the Victor find (T.N.M., Sept. 30/91, Nov. 25/91) but diamond drilling continues on the property without cease. Two drill…
Alberta Stock Exchange (March 30, 1992)
Just about every junior with ground between Yellowknife, N.W.T., and the Lupin gold mine traded close to its yearly high during the week ended March 24 as several truckloads of bulk sample were shippe…
U.S. REPORT (March 30, 1992)
Montana-based Western States Minerals dropped its option to earn a 60% interest in the Commonwealth property in Cochise Cty., Ariz., from DRX Minerals (NASDAQ). The company says it dropped the propert…