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…
News
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…
Cradle Mountain raises $100,000
Vancouver-based Cradle Mountain Canada (ASE) has completed a private placement of 1.06 million shares at 10 cents per share. Proceeds of the transaction will be used for working capital and to pay out…
Black Swan settles dispute
A dispute between Black Swan Gold Mines (TSE) and Goldbelt Resources (TSE) over an option to acquire a 50% earn-in interest in certain mining properties in the Republic of Russia and the Republic of K…
GUEST COLUMN (January 06, 1992)
It may be tempting to view smugly the demise of communism in the USSR as inevitable, but we are faced with a more insidious battle within Canada over the property rights of individuals. We have experi…
Champion Bear raises drilling fund
Champion Bear Resources (ASE) has raised $605,000 for ongoing drilling at its One Man Lake gold-base metal prospect near Kenora, Ont. The company raised the funds by selling flow-through common shares…
Alberta Stock Exchange (January 06, 1992)
A quiet holiday week followed a difficult year for mining stocks on the exchange. None of the issues saw more than 100,000 shares change hands for the week ended Dec. 30., while most traded less than …
Vancouver Stock Exchange (January 06, 1992)
The end of 1991 capped a year dominated by “shooting stars,” issues whose share prices peaked on great expectations only to be slammed to the basement when prospects fizzled. Eurus Resource and Thios …
Sikaman gold to buy placer mine
In keeping with plans to shift its focus toward North America, Sikaman Gold Resources (TSE) is set to purchase and develop the Sol Wood placer gold mine in California as soon as financing is available…