U.S.REPORT (January 27, 1992)
With the acquisition of the Longshot Ridge deposit near Hawthorne, Nev., now complete, Kookaburra Gold (VSE) plans to concentrate on its development. Kookaburra purchased the property from Princeton M…
News
Eastfield drops option
The Takla-Rainbow property in north-central British Columbia is owned 100% by Cathedral Gold (TSE) now that Eastfield Resources (VSE) has dropped its option to earn an interest in the property. Eastfi…
Horsham lists shares in Europe
The controlling shareholder of gold producer American Barrick Resources (TSE) has listed its shares in Europe. Horsham (TSE), which is also the majority owner of Clark Oil & Refining Corp., recently b…
Sutton drilling set for Guyana
Drilling is expected to recommence at the Marudi Mountain property in Guyana in late January. Sutton Resources (VSE), owner of the property, concentrated 1991 drilling on the Mazoa Hill zone, which me…
500 jobs being cut — Fighting to save Trail smelter
Management of Cominco (TSE) released details of a restructuring plan aimed at ensuring the continued operation of its zinc-lead smelting and refining complex at Trail, B.C., which lost over $100 milli…
Vancouver Stock Exchange (January 27, 1992)
Both the VSE composite index and resource index continued to gain ground during the period ended Jan. 21. The composite index added 14.38 points to close at 600.15 while the resource index edged up by…
Dickenson reschedules gold loan
Toronto-based Dickenson Mines (TSE) says the lender of its 61,200 oz. gold loan has agreed to reschedule the loan repayment to six equal semi-annual instalments beginning Jan. 15, 1993. Dickenson says…
U.S. REPORT (January 27, 1992)
Assay results were released by Ican Minerals (TSE) from recent reverse circulation drilling on the Racey “porphyry” gold deposit 40 miles south of Baker, Ore. The company owns 100% of the property sin…
Euro-Nevada plans to issue warrants
Euro-Nevada Mining (TSE) says it has an agreement with two securities firms to issue 1.5 million special warrants at $18.75 per warrant. The agreement, subject to regulatory approval, is with First Ma…
Alberta Stock Exchange Monk gains 12 cents
After almost doubling in price since the week before Christmas, Monk Gold & Resources moved up another 12 cents during the week ended Jan. 21 to close at a 52-week high of 57 cents. The company has ex…
Queenston to drill Kirkland West from surface
LAC Minerals (TSE) has returned the strategic Kirkland West claims to owner Queenston Mining (TSE) after spending $2 million in a fruitless search for minable ore. But Queenston Chairman Hugh Harbinso…
NEWS IN BRIEF (January 27, 1992)
Oregon Resources Corp. (ORE:VSE) has changed its name to International Oregon Resources Corp. (IOR:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Central …