Insider Trading (February 24, 1992)
Roy Shipes, chairman of emerging U.S. copper producer Arimetco International (TSE), recently sold a big block of stock at a significant discount to the recent market price. According to the Ontario Se…
1992
NEWS IN BRIEF (February 24, 1992)
Teriton Resources Ltd. (TRN:VSE) has changed its name to Mashiach Capital Inc. (MAS:VSE) with a consolidation of capital on a 1-new-for-4-old-share basis.
Crystal Peak awaits permits
Management of Polestar Exploration (VSE) is putting some of the blame for the loss of its listing on NASDAQ on continued delays in receiving operating permits for the Crystal Peak garnet quarry near H…
Falco’s Collahuasi rivals Escondida as top copper find
Recent surface and underground exploration on Falconbridge’s Collahuasi project in northern Chile has uncovered a copper reserve that could rival Escondida, one of the largest copper deposits in the w…
LETTERS TO THE EDITOR (February 24, 1992)
Your front-page story (T.N.M., Feb. 10/92), especially the reference to the Prospectors and Developers Association of Canada (PDAC) endorsing the continued role of Shelley Martel as Ontario’s minister…
NEWS ROUNDUP (February 24, 1992)
The deepest hole yet drilled on Glencairn Explorations’ (ASE) Goodfish property near Kirkland Lake, Ont., has encountered 25 ft. of gold-bearing mineralization. The mineralized zone, which was logged …
Vancouver Stock Exchange (February 24, 1992)
Although the VSE’s composite index managed a gain of 11.25 points to finish at 665.05 for the week ended Feb. 18, the resource index remained virtually unchanged at the 523-point level. A lack of furt…
Dickenson close to decision on using bioleaching
Is Dickenson Mines (TSE) poised to become the operator of the first commercial-size bioleach operation in North America? President Robert McEwen is making no public commitment, but the company did go …
EDITORIAL PAGE (February 24, 1992)
The controversy over Ontario mines minister Shelley Martel, regardless of its final outcome, reflects how far the province’s mining industry has passed into decline. An all-party legislative committee…
Drop in value of mineral output worries MAC
Concern about Canada’s 1991 mineral production results released by Energy, Mines & Resources (EMR) has been expressed by the Mining Association of Canada (MAC). Based on estimates prepared by EMR, the…
Ondesa acquires Andaurex shares, cancels placement
Toronto junior Andaurex Resources (VSE) reports Ondesa Holding Ltd. has completed the previously announced acquisition of a 19.9% interest in Andaurex by way of a private placement. Ondesa bought the …
Montreal Exchange (February 24, 1992)
Drill results from a program at the Granada property near Rouyn-Noranda, Que., gave project partners KWG Resources and SEG Exploration a lift during the week ended Feb. 18. The exploration program is …