LETTERS TO THE EDITOR (March 16, 1992)
I was born in a small wonderful community in northern Ontario, west of Sudbury in the town of Massey. My father owned a business started by his father in the late 1800s known as Sadowski & Co. General…
News
Granges dispute remains unsettled
Legal proceedings against Granges (TSE) are unlikely to be settled in short order judging from recent action taken by plaintiffs Oxford Acquisitions. Oxford, through a suit launched almost three years…
TSE Short Positions (March 16, 1992)
Semi-monthly reports as of February 28, showed 24,809,797 shares of 611 issues compared with 24,638,727 shares of 600 issues on February 15. Larger individual positions included: Amer. Barrick 225,075…
Alberta Stock Exchange (March 16, 1992)
Topping the most active list at over one million shares, Argus Resources tacked on 2 cents to close at 32 cents for the week ended March 10. The Calgary-based junior has a sizable land position in the…
Verdstone raises funds for drilling
Drilling is expected to begin shortly on the Newton Hill gold-copper property under option to Verdstone Gold (VSE). The company recently completed a unit offering consisting of 600,000 shares and 1.2 …
Metal prices buoy commodity index
Stronger metal prices helped the commodity price index of Scotiabank pick up in January and move ahead by 1.3% compared with December. The stronger metals, forestry and agricultural prices more than o…
Wheaton warrants
The recent exercising of 698,550 warrants at 60 cents each at the end of February netted Wheaton River Minerals (TSE) $419,130, the company reports.
Lenora options 61 claims near Larder Lake
Encouraged by recent results from a diamond drill hole, Greater Lenora Resources (TSE) has signed an option agreement on a 61-claim property in Rickard Twp., near Larder Lake, Ont. The company is also…
Miner Details (March 16, 1992)
British Columbia doesn’t make the front page of international newspapers often, but it has in recent months, and the stories are not flattering ones. As any environmentally aware Londoner can tell you…
Mapping of Africa
The government of Tanzania will host a meeting, April 6-10, at Arusha, Tanzania, to discuss the initial results of the $4-million African Magnetic Mapping Project. About 800 surveys, mostly airborne, …
Taseko earmarks $8.5 million for Fish Lake work
Private placement financing totalling $7.1 million has been arranged by Taseko Mines (VSE), allowing the company to proceed with an $8.5-million exploration, engineering, feasibility and permitting pr…
Metal prices, summer strike cause 1991 loss for Curragh
Weak metal prices and a summer strike at the Faro, Yukon, zinc-lead mine, forced Toronto-based Curragh Resources (TSE) to take a net loss of $98.3 million or $3.06 per share in fiscal 1991. In 1990, C…