Maps planned for 8 townships
Three geological mapping projects will be conducted to identify mineral potential in an area in northwestern Ontario extending across eight townships from Kashabowie to Murillo, Ontario’s Ministry of …
1992
Toronto Stock Exchange Indices (August 17, 1992)
Aug 11 Aug 10 Aug 7 Aug 6 Aug 5 High Low Composite”300″3404.67 3408.78 3406.30 3398.65 3406.19 4009.47 3009.91 Metals&Minerals 3000.32 3009.25 3021.60 3029.48 3031.48 3453.06 2502.63 Integrated Mines3…
Victoria secures exploration funds
Subject to regulatory approval, Victoria Resource (VSE) recently negotiated a brokered private placement through Yorkton Securities. The placement includes up to two million units at 35 cents each. Th…
Tan Range plans Tanzanian work
A $450,000 private placement has been completed by Tan Range Exploration (ASE), which plans to begin exploration on several recently granted concessions in northern Tanzania. One concession covers the…
Production decision for Sleeping Giant
Sleeping Giant mine partners Cambior (TSE) and Aurizon Mines (TSE) say they will place the Quebec gold project into production during the second quarter of 1993.
O&C sells stake in Panamanian firm
Osborne & Chappel Goldfields (TSE) has reached an agreement in principle to sell its main asset, a 25% interest in Los Lilenes S.A., to Odin Mining and Investment. Odin currently owns the remaining 75…
Metall affiliate awards mine contract
The first major contract at Turkey’s largest mine development project has been awarded by Metall Mining (TSE) affiliate Cayeli Bakir Isletmeleri A.S. A consortium comprised of Lurgi Metallurgie GmbH o…
Mikwam drill results released
Drill results from Trader Resources’ (TSE) 50% owned Mikwam property in northwestern Quebec’s Casa Berardi area have not been able to match results from the first hole which included a 14.1-ft. sectio…
Cominco boosts earnings
Net earnings of $18.1 million were reported by Cominco (TSE) for its 1992 second quarter ended June 30, a substantial improvement over this year’s first-quarter loss of $4.9 million. The latest result…
Hemisphere tests lamproite pipe
Testing is under way on a 1,000-tonne bulk sample taken from the Leopold Downs lamproite pipe in western Australia by Vancouver-based Hemisphere Development (VSE). Hemisphere, which is earning a 80% i…
Western Troy commences work on bulk sample
Western Troy Capital (ASE) has started work on a program to take a 500-ton bulk sample from its gold prospect in Menary Twp. in northwestern Ontario. The company says it has recovered 24 oz. gold from…
Golden Rule buys Jolu mill for eight La Ronge deposits
In a bid to move its Saskatchewan gold deposits closer to production, Golden Rule Resources (TSE) has agreed to purchase the Jolu mine and mill assets near La Ronge, Sask., for $786,000. Owned by a 70…