FINANCING (January 27, 1992)
GHZ Resource Corp – 600,000 shs offered @ 20 cents per sh. Rome Resources Ltd – 600,000 shs offered @ 37 cents per sh.
News
TORONTO STOCK EXCHANGE INDICES (January 27, 1992)
Composite 300 3620.44 3655.67 3658.29 3665.96 3656.72 4009.47 3009.91 Metals & Minerals3111.62 3200.40 3235.89 3238.87 3131.15 3453.06 2502.63 Integrated Mines 3346.43 3446.52 3485.56 3492.33 3363.62 …
Western Mining in major search for ore reserves
Exploration near its producing properties has the highest priority in fiscal 1991-92 for large Australian mining company Western Mining Corporation Holdings. “Half of the exploration expenditure this …
Queenston, Royal Oak intersect new gold zone at Upper Beaver
Partners Royal Oak Mines (TSE) and Queenston Mining (TSE) have intersected a new zone 2,500 ft. north of the old workings on the Upper Beaver mine property near Kirkland Lake, Ont. Results from hole B…
Perrons put Clenor into new company
The Perron brothers from Kirkland Lake, Ont., say they plan to fund exploration of the Clenor property near Temagami, Ont., through Gwen Resources (ASE). Gwen President Alex Perron says he plans to ta…
Earth scientist William Fyfe wins Canada Gold Medal
Earth scientist William Fyfe, 64, professor of geology at the University of Western Ontario in London, recently received the Canada Gold Medal. The award is given annually by the Natural Sciences and …
Chile to dominate copper production
Chile could account for 32% of the world’s total copper production by the year 2000, according to a study by the Center for Copper Studies (CESCO) which was published here recently. CESCO predicted th…
Minnova options Stow’s LeMare
A minimum of $340,000 will be spent this year by Minnova (TSE) to explore the LeMare property on Vancouver Island, 20 miles west of the BHP-Utah Island Copper mine. The property is owned 100% by Stow …
Corona, Placer continuing talks on Eskay development
Negotiations are continuing between Placer Dome (TSE) and International Corona (TSE) relating to possible funding by Placer of a portion of costs to develop the Eskay Creek gold mine project north of …
EDITORIAL PAGE (January 27, 1992)
Ontario Hydro’s reversal on plans for nuclear power generation over the next 25 years is a shameful twisting of the provincial Crown corporation’s mandate for political purposes. The utility’s recent …
Toronto Stock Exchange (January 27, 1992)
Tri-Origin Exploration, a new junior exploration company backed by former LAC Minerals geologists Dennis Sheehan and Robert Valliant, was cleared for takeoff during the week ended Jan. 21. An initial …
Ecstall wins dispute’s appeal for claims near Eskay Creek
The Supreme Court of British Columbia has ruled in favor of Ecstall Mining (VSE) in its appeal of the Gold Commissioner’s previous decision to cancel its 20-unit Story 7 claim about one mile from the …