Falconbridge hits on Moneta ground
Drilling a 600-metre-long geophysical anomaly on Moneta Porcupine Mines’ (TSE) property in Godfrey Twp., near Timmins, Ont., Falconbridge intersected a narrow vein containing high-grade gold mineraliz…
News
FINANCING (January 13, 1992)
Bradsue Resources Ltd – 600,000 units consisting of 1 sh and 2 A wts offered @ 40 cents per unit. Canadian Comstock Exploration Ltd – 175,000 flow-through shs offered @ 45 cents per sh, also 325,000 n…
U.S. REPORT (January 13, 1992)
The final six holes of the 1991 drilling program on the Rosebud joint venture in Nevada were released by 51-49 partners LAC Minerals (TSE) and Equinox Resources (TSE). The drilling included infill and…
Gold still dominates U.S. exploration, role of juniors fades
Gold prices may not be what they were several years ago, but that isn’t stopping explorationists from concentrating their efforts on finding more of the precious metal in the western U.S. Indeed, gold…
Magnola project under review
The Magnola project in Quebec, aimed at developing a new magnesium production technology, is under review because of the excess capacity in the magnesium market and the economic environment, LavalinTe…
Curragh sells assets to handle liquidity squeeze’
After returning from a skiing vacation in Wyoming, Curragh Resources (TSE) Chairman Clifford Frame has resumed discussions aimed at easing the zinc-lead-coal producer out of its financial plight. With…
Prime, Galico active in Jamaica
A number of possible acquisitions in Jamaica are currently being reviewed by Prime Explorations, a division of Prime Equities International (VSE). The review follows a visit to Jamaica to examine prop…
Risk management
The Seventh Mineral Economics Symposium will take place Jan. 16 in Toronto’s Sheraton Centre. Topic is “Back to basics: managing the risks to reap the rewards.” The symposium is held by Toronto’s Mine…
Aurizon amends Aurex deal
Vancouver-based Aurizon Mines (TSE) recently entered into a private placement agreement to purchase 500,000 common shares of 36% owned affiliate Aurex Resources (VSE) for 35 cents a share. In addition…
Fort Knox raises additional $272,000
Most of the investors holding warrants in Fort Knox Gold Resources (TSE), including Inco (TSE), have exercised those warrants, raising $272,000 for further exploration on the Fawcett Twp. property nea…
Placer drops Jualin option
A unit of Placer Dome (TSE) recently terminated an option to earn a 50% interest in the Jualin gold property owned by International Curator Resources (VSE). The Jualin property is 40 miles north of Ju…
FMC, Atlanta hunt for ore in Idaho
Neighboring Idaho also saw some action this year, even though FMC Gold (NYSE) has yet to announce a production decision for its huge Beartrack gold deposit in Lemhi Cty. FMC owns 71% of the project, a…