Drilling continues at Battle zone
A recent hole drilled by Westmin Resources (TSE) at the east edge of the newly discovered Battle zone encountered three intersections of ore-grade material. The drilling is part of an effort to expand…
1992
Fort Knox reports anomalous values
Borehole SG-10 is in progress at the Fawcett Twp. base metal property of Fort Knox Gold Resources (TSE) in the Shining Tree area of northeastern Ontario and is targeted on a strong electromagnetic res…
NEWS IN BRIEF (February 03, 1992)
Spectrum Gold Corp. (SGI.A:ME) has changed its name to Scarlett Minerals Inc. (SMI:ME) with a consolidation of capital on a 1-new-for-2- class-A-old-share basis.
Montreal Exchange (February 03, 1992)
A successful flow-through financing worth $350,000 was reported by Ressources Robex, which has a drilling program planned for the Baie Bateman copper-gold property in the Chibougamau, Que., area. Trad…
Langmuir nickel mine shuts down
The Langmuir No. 1 nickel mine near Timmins, Ont., has been put on temporary care and maintenance as a result of poor nickel prices and continuing losses, reports owner Timmins Nickel (TSE). Langmuir …
Active exploration scene at Quebec’s Benoit Twp.
Despite a claim dispute that still hangs over the area, Benoit Twp. in northwestern Quebec is poised for a second burst of exploration activity. Under a recently signed agreement with Freewest Resourc…
New zone taking shape at LaRonde
Surface drilling along a gold zone discovered 300 ft. north of the main horizon at Agnico-Eagle Mines’ (TSE) LaRonde mine near Rouyn-Noranda, Que., (T.N.M., Nov. 25/91) is producing encouraging result…
Suntac hikes Polaris-Taku reserves
A recent independent geostatistical study boosted reserves for the Polaris-Taku deposit in northern British Columbia to 2.2 million tons grading 0.43 oz. gold per ton. Suntac Minerals (VSE) can earn a…
TORONTO STOCK EXCHANGE INDICES (February 03, 1992)
Jan 28 Jan 27 Jan 24 Jan 23 Jan 22 High Low Composite 300 3623.25 3628.50 3630.75 3624.53 3638.79 4009.47 3009.91 Metals & Minerals3140.55 3162.15 3136.31 3139.99 3161.98 3453.06 2502.63 Integrated Mi…
Renabie gold trust wraps up agreement
Final proceeds of production from the former Renabie gold mine, owned jointly by American Barrick Resources (TSE) and Corona (TSE), will be distributed to unitholders of the Renabie gold trust this mo…
Moneta stakes near Timmins
After re-evaluating a portion of a 1966 drill hole, Moneta Porcupine Mines (TSE) staked 16.8 square miles (269 units) in Loveland and MacDiarmid twps., northwest of Timmins, Ont. Recent assays from an…
MEWS IN BRIEF
Royal Crystal Resources Ltd. (RCY:VSE) has changed its name to Eracon Industries Inc. (ERN:VSE) with a consolidation of capital on a 1-new-for-4-old-share basis. The transfer agent is Pacific Corporat…