Correction (February 17, 1992)
“U.N. Earth Summit” (T.N.M., Jan. 20/92) incorrectly identified Kenneth McCready of TransAlta Utilities as spokesman for Canada’s mining industry at the June, 1992, United Nations Conference on Enviro…
News
GOLD FUNDS (February 17, 1992)
BGR Central Net Value $8.31 $5.22 Price $7.75 $4.650 Discount 6.75% 10.9% Value $49,490,000 $78,232,995…
Kingswood cuts 60-ft. gold zone
Further drilling at Kingswood Explorations’ (ASE) 24-claim Devon property near Matheson, Ont., has intersected a wide, gold-bearing zone called the “Thunder zone.” Hole 92-16 intersected 57.7 ft. grad…
Glamis on track to reach targets
With gold production of over 35,000 oz. for the first six months of fiscal 1992, Glamis Gold (TSE) is well on the way to meeting output projections of 75,000 oz. for its 1992 fiscal year. Second-quart…
Inco involved in regreening
Nickel producer Inco (TSE) spends almost $600,000 per year planting grass, trees and other vegetation on 2,000 acres of land in the Sudbury-Copper Cliff area in Ontario. The regreening program has att…
WisCan into Shining Tree area
WisCan Resources (TSE) has acquired two blocks of claims in Churchill Twp., near Shining Tree, Ont. The claim blocks lie along the regional geological trend which hosts the Fort Knox discoveries five …
TORONTO STOCK EXCHANGE INDICES (February 17, 1992)
Feb 11 Feb 10 Feb 7 Feb 6 Feb 5 High Low Composite 300 3597.85 3608.50 3596.33 3606.70 3605.85 4009.47 3009.91 Metals & Minerals3031.08 3037.21 3005.25 2998.11 2984.43 3453.06 2502.63 Integrated Mines…
NEWS IN BRIEF (February 17, 1992)
M.A. Hanna Co. of Cleveland reports the closing of an agreement to sell a 20% interest in Iron Ore Co. of Canada.
McKinney option
Consolidated McKinney Resources (VSE) has concluded an option agreement with Citadel Consulting to acquire a 75% interest (subject to a 2% net smelter return) in the Storm Group claims in the Osoyoos …
Toronto Stock Exchange (February 17, 1992)
Shares of Joutel Resources made the active list during the week ended Feb. 11, as Aur Resources prepared to start drilling on the company’s copper-zinc property in northwestern Quebec. Joutel moved up…
Holloway land resolution this spring
Negotiations to create a single mine property at the Holloway gold project east of Matheson, Ont., should be completed within the next couple of months, says Ian Bayer, president of Hemlo Gold Mines (…
PRODUCER PRICES (February 17, 1992)
ALUMINUM: MW U.S. market US57.00-58.25 cents per lb. (Jan. 30, 1992). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$2.90-3.10 per lb. (Jan. 23, 1992). CAD…