Program planned near Kerr deposit
Since taking control of Kenrich Mining (VSE) and Ambergate Explorations (VSE), Ken Trociuk has spent considerable time and money ensuring the two juniors have clear and undisputed title to their geolo…
1992
Gasser looks to Taylor Twp.
Recent encouragement at the Stock Twp. gold mine near Timmins, Ont., has persuaded St Andrew Goldfields (TSE) to look at the possibility of doing more drilling on its adjacent Taylor Twp. claims. Alth…
Bema, Amax renegotiating gold loan to build Refugio
Low gold prices and investor indifference have made the past year a challenging one for Bema Gold (TSE), a Vancouver-based junior attempting to finance its Refugio gold project, a joint venture, in th…
NEWS IN BRIEF (June 29, 1992)
Musto Explorations Ltd. (MUX:VSE) has changed its name to International Musto Explorations Ltd. (IMZ:VSE) with a consolidation of capital on a 1-new-for-20-old-share basis. The transfer agent is Centr…
Billiton buys BP’s stake in Selbaie
As part of a continuing effort to concentrate on its oil and gas business, BP Canada (TSE) recently agreed to sell its 61.11% stake in Les Mines Selbaie to partner Billiton Metals Canada. Having signe…
Polaris gold zone extended
Recent drilling on the Polaris-Taku property in northwestern British Columbia has extended the strike length of the C vein about 350 ft. to the east at the 400-ft. level. Suntac Minerals (VSE) is earn…
METAL PRICES (June 29, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 23 June 22 June 19 June 18 June 17 Copper 1235-1236 1234-1235 1242-1243 1225-12…
U.S. REPORT (June 29, 1992)
Production at the Crofoot/Lewis heap leach mine in Nevada reached a new record for the month of May with 10,109 oz. gold and 58,708 oz. silver produced. Hycroft Resources (VSE), owner of the mine, rep…
MINER DETAILS (June 29, 1992)
Some people call J. Patrick Sheridan a genius. Others refer to him in more colorful terms. However you describe him, there’s no disputing he has done well for himself. The latest major deal for the “m…
PRODUCER PRICES (June 29, 1992)
ALUMINUM: MW U.S. market US60.25-60.75 cents per lb. (June 4, 1992). ANTIMONY: New York dealer US80-85 cents per lb. (May 21, 1992). BISMUTH: New York dealer US$2.40-2.65 per lb. (May 21, 1992). CADMI…
TSE SHORT POSITIONS (June 29, 1992)
Semi-monthly reports as of June 15, showed 25,063,844 shares of 606 issues compared with 25,236,666 shares of 587 issues on May 31. Larger individual positions included: Aber Res. 226,200, up 56,100; …
Sudbury Contact drilling for kimberlites on Panthco
Toronto-based Sudbury Contact Mines (CDN) is currently drilling on ground held by Panthco Resources (CDN) as part of an exploration drive to find more kimberlite pipes around Kirkland Lake, Ont. In or…