GSC marks 150th year
The Geological Survey of Canada (GSC) celebrated its 150th anniversary on April 14 and to mark the event, activities are scheduled to take place across the country throughout the year. Exhibits will b…
News
More studies for Windy Craggy
The British Columbia government will soon release a detailed document outlining its “study requirements” for the Windy Craggy copper project owned by Geddes Resources (TSE). Geddes is proposing to dev…
Staking active near Kirkland Lake
The discovery of eight microdiamonds on Sudbury Contact Mines’ (TSE) Diamond Lake project east of Kirkland Lake, Ont., has sparked a staking rush in the area. Although it is too early to determine the…
Gold production falls at Bell, Williams mines
Gold production at the David Bell mine at Hemlo, Ont,. is expected to drop to 256,000 oz. this year from 283,128 oz. in 1991, Teck (TSE) says in its 1991 annual report. The mine reached its peak in 19…
Mcleod buying Falconbridge’s 56% stake in Falconbridge Gold
Having apparently given up on any short term rally in the price of gold, Toronto-based Falconbridge Ltd. has agreed to sell its 56.4% stake in Falconbridge Gold (TSE), to a private company controlled …
TSE Short Positions (April 20, 1992)
Semi-monthly reports as of March 31, showed 24,177,660 shares of 587 issues compared with 25,891,494 shares of 599 issues on March 15. Larger individual positions included: Amax Gold 143,750, up 125,9…
MINER DETAILS; Diamond find won’t help mining
The recent rush to find diamonds in Canada’s far north is fun, but it really isn’t what Canada’s mining industry needs today. The money being spent finding the makings of future diamond rings would be…
EDITORIAL PAGE (April 20, 1992)
Strategic alliances are nothing new. A business combination of any sort — a joint venture, a merger, a partnership — could be described as such. But in current use, the term has come to mean a commo…
Suntac raises funds for Polaris drilling
Funding for a drilling campaign at the Polaris-Taku project has been arranged by Suntac Minerals (VSE) through a 2.5 million-unit private placement at 20 cents per unit. The units include a warrant to…
WisCan drops Wisconsin option
A joint venture agreement between WisCan Resources (TSE) and Noranda (TSE) to explore the Goodman North and South, Reef and Enterprise projects in Wisconsin has been terminated. WisCan was formed just…
Rising demand for gold jewelry a bullish sign
Despite the recession in North America, demand for gold to fabricate jewelry reached record levels last year and may even have climbed as high as 2,000 tons, according to estimates by the World Gold C…
Metal Prices (April 20, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr 14 Apr 13 Apr 10 Apr 9 Apr 8 Copper 1241-1242 1245-1246 1252-1253 1270-1271 1264…