1992

Shareholders of Asamera Minerals (TSE) recently voted in favor of a proposal to privatize the company effective Aug. 1. Minority shareholders will receive $1.40 per common share under the terms of the…

Drilling is expected to commence on the Woolgar copper property in the Northwest Territories in early August, reports Rhonda Mining (ASE). Noranda (TSE), as owner and operator of the 37,375-acre prope…

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Aug. 4 Aug. 3 July 31 July 30 July 29 Copper 1298-1299 1293-1294 1340-1341 1308-1309…

Recently cut loose by its parent, RTZ (NYSE) of London, Toronto-based Rio Algom (TSE) realized earnings of $8.2 million in the second quarter compared with $6.4 million for the same period of 1991. Ri…

Aug 4 Aug 3 July 31 July 30 July 29 High Low Composite”300″3426.04 N/A 3443.42 3425.63 3424.62 4009.47 3009.91 Metals&Minerals 3050.08 N/A 3076.69 3069.92 3081.65 3453.06 2502.63 Integrated Mines3211….

An exploration program is under way at the More Creek property owned by joint venture partners Adrian Resources (VSE) and Hemlo Gold Mines (TSE). The polymetallic mineralization on the More Creek prop…

A planned reverse takeover of West Pride Industries (VSE) will result in a change in the company’s principal business. West Pride reached an agreement in principle to purchase all the outstanding shar…

Increased earnings and lower output of potash was reported by Potash Corp. of Saskatchewan (TSE) during the second quarter and first half of 1992. The Saskatoon-based company produced 900,412 tonnes d…

Generally disappointing assay results were received from the drilling of five separate target areas on the gold project of Monte Carlo Gold Mines (ASE) and Auromar Development (VSE) on the Caribbean i…

TVX Gold (TSE) and Golden Knight Resources (TSE) have discovered two gold zones about 100 metres northeast of their jointly owned Casa Berardi Est mine in northwestern Quebec. The companies say a bore…

A study of a proposed garnet quarrying and processing operation near the Apex recreation area 32 km west of Penticton, B.C., was recently completed, although no decision was made on the project’s futu…

Although it was staked 65 years ago, the Lightning gold zone in northeastern Ontario was only discovered in 1984. Now, after a protracted session of haggling over ownership interests, the property’s s…