Glimmer financing cancelled
A private placement of 25 units with Georgia Pacific Securities has been cancelled, says Glimmer Resources (VSE). Proceeds of $125,000 from the placement would have helped Glimmer pay for its share of…
News
Spot prices at a glance (February 03, 1992)
Week’s Price (US) Change Gold* $355.40 – $1.45 Silver* $ 4.16 – $0.10 Platinum* $346.50 + $6.75 Nickel** $ 3.48 – $0.09 Lead** $ 0.23 $0.00 Copper $ 0.99 + $0.02 Zinc $ 0.53 + $0.00 Courtesy of Scotia…
Minnova completes Izok Lake purchase
Toronto-based Minnova (TSE) recently completed the purchase from Falconbridge of a 100% interest in the Izok Lake and Hood River properties as well as a 60% stake in the Gondor property. Under a previ…
Princeton, government discuss Cassiar’s fate
The British Columbia government is continuing discussions with management of Princeton Mining (TSE) to determine the fate of Cassiar, B.C., a small community near the Yukon border where Princeton subs…
Drilling continues at Battle zone
A recent hole drilled by Westmin Resources (TSE) at the east edge of the newly discovered Battle zone encountered three intersections of ore-grade material. The drilling is part of an effort to expand…
Vancouver Stock Exchange (February 03, 1992)
The VSE composite index managed a gain of about 20 points during the week ended Jan. 28 while the resource index reversed course, slipping 13.32 points to close at 512.36. Gold finished the period unc…
Fort Knox reports anomalous values
Borehole SG-10 is in progress at the Fawcett Twp. base metal property of Fort Knox Gold Resources (TSE) in the Shining Tree area of northeastern Ontario and is targeted on a strong electromagnetic res…
Hemlo transfers stake in Rendell-Jackman project
Toronto-based Hemlo Gold Mines (TSE) has agreed in principle to assign its 50% interest in the Rendell-Jackman gold project in Newfoundland to Major General Resources (TSE), owner of the remaining int…
B.C.’s mining association endorses land commission
The recent appointment of Stephen Owen as Resource and Environment Commissioner for British Columbia is viewed as a positive move by Tom Waterland, president of the Mining Association of British Colum…
NEWS IN BRIEF (February 03, 1992)
Spectrum Gold Corp. (SGI.A:ME) has changed its name to Scarlett Minerals Inc. (SMI:ME) with a consolidation of capital on a 1-new-for-2- class-A-old-share basis.
Mining industry must take global approach
The domestic mining industry must shelve its romantic notions about mining and continue to shed its parochial attachment to mine-finding in Canada to sustain itself as a global player into the next ce…
Montreal Exchange (February 03, 1992)
A successful flow-through financing worth $350,000 was reported by Ressources Robex, which has a drilling program planned for the Baie Bateman copper-gold property in the Chibougamau, Que., area. Trad…