PROFILE (March 23, 1992)
By 1998, all of Minnova’s currently producing mines would have exhausted their reserves though the company is awash in cash. Last year Minnova earned more than $8-million interest from its cash alone….
News
Osborne issues shares, debt
Osborne and Chappel Goldfields (TSE) says it will proceed with previously announced private placement by issuing 1.5 million common shares at a price of 10 cents per share. The company will also issue…
Lacklustre results from Fort Knox
The latest results from Fort Knox Gold Resources’ (TSE) base metal property in Fawcett Twp., Ont., include a 64.5-ft. interval of low-grade lead-zinc mineralization pulled from the property’s north gr…
LETTERS TO THE EDITOR (March 23, 1992)
A story on the deep drilling Kola project in the former Soviet Union near the Norwegian border (T.N.M., Dec. 23/91) identified the U.S. publication CSD News as the source of the information. Several r…
PEOPLE (March 23, 1992)
CYPRUS CANADA — Steven Parry appointed district manager, exploration for eastern Canada. POTASH AND PHOSPHATE INSTITUTE — Robert Connochie elected chairman of the board. CONS. IMPACT RE-SOURCES — F…
OBITUARY (March 23, 1992)
Paul McCloskey, chairman of Matachewan Consolidated Mines, died recently in Toronto. He was 77. Born in Cobalt, Ont., McCloskey graduated with a B.Sc. from Michigan College of Mining and Technology in…
Vancouver Stock Exchange — Takeover talk benefits Prime Res.
Gold’s performance went from disappointing to depressing as it slipped below the US$340-per-oz. level amid rumors of European selling and talk of its demise as the preferred haven against political an…
NEWS ROUNDUP (March 23, 1992)
Kennecott plans new smelter, refinery Kennecott, a unit of Britain’s Rio Tinto Zinc, is planning to spend US$880 million to build a new smelter and expand the refinery near its Bingham Canyon copper-g…
Redfern expands holdings in Tulsequah River area
With the payment of 30,000 common shares, Redfern Resources (TSE) acquired a 100% free and clear interest in a number of claims owned by Silver Talon Mines (VSE) in the Tulsequah River area of northwe…
Abel Lake seeks project partner
Privately owned Abel Lake Resources is in the market for an exploration partner for its northeastern Ontario prospect following the withdrawal of property option holder Royal Oak Mines (TSE). Abel Pre…
Encouraging gold values in FER core
Recent assays from the FER copper-zinc property in northern Manitoba include encouraging gold values, reports Canmine Resources (CDN). Holes FER-3 and FER-4 intersected three sulphide-bearing lenses g…
KWG, SEG plan more drilling to test Granada
Results from the drilling of the two easternmost sections investigated by a recent program (on the No. 1 zone) at the Granada gold project near Rouyn-Noranda, Que., indicate that the system is open on…