On the Level (March 16, 1992)
This country is sorely in need of some new mines — big ones. But what in the world will it take to turn the industry around? Over the years it has learned to cope with the cyclical nature of the busi…
News
Royal Oak takes control of Trader
Shareholders of Trader Resource (TSE) unanimously approved an offer to exchange 15 million shares for interests in two Ontario mineral properties held by Royal Oak Mines (TSE). Royal Oak now owns over…
Cominco won’t up stake in Louvicourt
Faced with mounting debts and a string of new projects to finance, Vancouver-based Cominco (TSE) is giving up its direct participation in the Louvicourt Twp. massive sulphide discovery at Val d’Or, Qu…
Wedged hole cuts zone at Vior’s Douay project
The wedging of a previously drilled hole on the Douay gold property in the Casa Berardi area of Quebec resulted in the intersection of a known mineralized zone, Societe d’Exploration Miniere Vior (ME)…
Vangold plans development on gold property at Rossland
An underground development program is being planned by Vangold Resources (VSE) for the North Belt gold property at Rossland, B.C. T.The company holds a 66% interest in the property after spending an a…
PEOPLE (March 09, 1992)
Mike Moustakis appointed director.
Toronto Stock Exchange (March 09, 1992)
Recovering from a computer breakdown that forced the exchange to close for more than half a day, the TSE 300 was up 10.85 to 3587.64 today, March 4. The moderate increase followed a record high set on…
TORONTO STOCK EXCHANGE INDICES (March 09, 1992)
Mar 3 Mar 2 Feb 28 Feb 27 Feb 26 High Low Composite “300” 3576.79 3579.47 3580.94 3584.08 3580.46 4009.47 3009.91 Metals & Minerals3115.70 3096.57 3096.02 3094.21 3126.27 3453.06 2502.63 Integrated Mi…
Westar reviews re-restructuring
Only two years after completing a debt reorganization, Westar Mining (TSE) is reviewing a further restructuring of its financial obligations. The original restructuring, completed in early 1990, resch…
U.S. REPORT (March 09, 1992)
In order to get a better handle on deep mineralization below open pit reserves, Atlanta Gold (TSE) may rehabilitate some old underground workings at its 100% owned Atlanta Gold property in Elmore Cty….
Hemlock further explores Golden Quail property
A second phase of drilling is under way at the Golden Quail property in San Bernardino Cty., Calif. Located about 12 miles west of Viceroy Resources’ Castle Mountain project, the property is under opt…
Gutrath increases Queenstake interest
Gordon Gutrath, president of Queenstake Resources (TSE), recently increased his holdings in the company to 17.34% through the purchase of 1.44 million shares from Australian firm Sandhurst Mining. Gut…