Cusac would buy Table Mountain
After completing a due diligence review of the Table Mountain mine, Cusac Industries (TSE) plans to proceed with the purchase of the gold project near Cassiar, B.C. The project is owned by Total Energ…
News
Toronto Stock Exchange Indices; Financing
Rome Resources Ltd – 600,000 shs offered @ 37 cents per sh.
NEWS IN BRIEF (January 06, 1992)
Daer Gold Mines Ltd. (DGD:VSE) has changed its name to I.M.P.A.C.T. Minerals Inc. (IPT:VSE) with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is Pacific Corporate Tr…
Gold Funds (January 06, 1992)
BGR Central Net Value $8.16 $5.01 Price $7.75 $4.400 Discount 4.99% 12.2 Value $48,567,000 $74,026,920…
Toronto Stock Exchange (January 06, 1992)
Analysts were scratching their heads during the week ended Dec. 30 as lower interest rates pushed U.S. stocks to record levels and sparked a pre-New Year rally in Toronto. “It’s ironic that stocks in …
Edmonton’s placer miners don’t gauge success by profit
In Alberta, the 30-member Edmonton Gold Prospectors Association (EGPA) is sustaining a forgotten chapter in Canadian mining history — placer mining in a province where “minerals” means oil, and gold …
INSIDER TRADING (January 06, 1992)
A number of Sherritt Gordon (TSE) insiders including Curragh Resources (TSE) were actively buying and selling shares of the Toronto-based nickel refiner and fertilizer producer. According to the Ontar…
Thunderwood hits new Scott Lake zone
Partners Thunderwood Resources (TSE) and Greenstone Resources (TSE) have intersected a new zinc-copper-silver massive sulphide zone at their equally owned Scott Lake claims west of Chibougamau, Que. S…
EDITORIAL PAGE (January 06, 1992)
The new Russian government has decided that mining is not one of the industries it plans to privatize in 1992, according to a report from the Reuters news agency. Science Minister Boris Saltykov told …
Pioneer approves debt settlement
Shareholders of Pioneer Metals (TSE) recently approved a proposed restructuring and debt settlement agreement with Chase Manhattan Bank. Chase held Pioneer secured debt totalling about $21 million whi…
Cambior, Kimex review Porcupine
Partners Cambior (TSE) and Kimex Resources (ME) are planning a “preliminary economic evaluation” of the Porcupine gold property near Rouyn-Noranda, Que., after receiving results from four holes drille…
Unlisted Trading (January 06, 1992)
Property neighbors White Star Copper Mines and Chance Mining and Exploration emerged as the most active traders during an otherwise quiet Christmas week as Falconbridge Ltd. announced plans to explore…