Creative thinking needed, Vior president says
A photo of Albert Einstein with the expression “imagination is more important than knowledge” lies next to the desk of Claude St-Jacques, president of Quebec City-based Societe d’Exploration Miniere V…
1992
Amax Gold, Bema to combine on Refugio property in Chile
If a recently signed letter of intent to purchase Cia Minera Refugio’s 50% interest in the Refugio property is completed, Amax Gold (NYSE) and Bema Gold (TSE) will become joint venture partners in the…
Aquamin seeks sunken treasure
This summer Aquamin Resources (VSE) plans to embark on a unique quest for gold, specifically some 800 tons of concentrate grading 4 oz. gold per ton on a sunken barge lying under 300 ft. of water. The…
Inco continues its drilling of Victor
Nickel producer Inco(TSE) isn’t saying anything more than it already has about the Victor find (T.N.M., Sept. 30/91, Nov. 25/91) but diamond drilling continues on the property without cease. Two drill…
Alberta Stock Exchange (March 30, 1992)
Just about every junior with ground between Yellowknife, N.W.T., and the Lupin gold mine traded close to its yearly high during the week ended March 24 as several truckloads of bulk sample were shippe…
Copper price to hold in ’92
The price of copper is expected to hold firm, in the range of US90 cents-$1.10 per lb. in 1992, predicts the chairman of Phelps Dodge (NYSE). Douglas Yearley, speaking at an American Copper Council me…
Pure Gold optioning claims
An option to acquire 56 claims surrounding the old No. 5 and Empress mine workings at the Britiannia Mines property in British Columbia has been negotiated with the property owner, Pure Gold Resources…
Geoscience project setting up shop in Whitehorse
A geoscience project employing at least 17 people is setting up shop in Whitehorse under a 5-year Mineral Development Agreement (MDA) between the Yukon and federal governments. Acting MDA co-ordinator…
Metal Prices (March 30, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar 24 Mar 23 Mar 20 Mar 19 Mar 18 Copper 1291-1292 1287-1288 1302-1303 1301-1302 12…
Some facts on diamonds worth remembering
Investors around the globe are holding their breath in anticipation of bulk sample results from the Lac de Gras diamond play in the Northwest Territories. The sample is a follow-up to a recent discove…
NEWS IN BRIEF (March 30, 1992)
American Highland Mining Corp. (AHM:VSE) has changed its name to Cryocon Containers Inc. with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is Pacific Corporate Trust…
Vancouver Stock Exchange (March 30, 1992)
Both the composite and resource indices of the VSE gained ground during the period ended March 25. The composite index added 8.73 points to finish at 653.72, while the resource index gained just over …