Perrons put Clenor into new company
The Perron brothers from Kirkland Lake, Ont., say they plan to fund exploration of the Clenor property near Temagami, Ont., through Gwen Resources (ASE). Gwen President Alex Perron says he plans to ta…
1992
Earth scientist William Fyfe wins Canada Gold Medal
Earth scientist William Fyfe, 64, professor of geology at the University of Western Ontario in London, recently received the Canada Gold Medal. The award is given annually by the Natural Sciences and …
Chile to dominate copper production
Chile could account for 32% of the world’s total copper production by the year 2000, according to a study by the Center for Copper Studies (CESCO) which was published here recently. CESCO predicted th…
EDITORIAL PAGE (January 27, 1992)
Ontario Hydro’s reversal on plans for nuclear power generation over the next 25 years is a shameful twisting of the provincial Crown corporation’s mandate for political purposes. The utility’s recent …
Newmont getting the bugs out of bioleaching
North America’s biggest gold producer, Newmont Gold (NYSE), is planning to introduce bioleaching technology at its Carlin, Nev., operations by 1994, says Chairman and Chief Executive Officer Gordon Pa…
U.S.REPORT (January 27, 1992)
With the acquisition of the Longshot Ridge deposit near Hawthorne, Nev., now complete, Kookaburra Gold (VSE) plans to concentrate on its development. Kookaburra purchased the property from Princeton M…
500 jobs being cut — Fighting to save Trail smelter
Management of Cominco (TSE) released details of a restructuring plan aimed at ensuring the continued operation of its zinc-lead smelting and refining complex at Trail, B.C., which lost over $100 milli…
Dickenson reschedules gold loan
Toronto-based Dickenson Mines (TSE) says the lender of its 61,200 oz. gold loan has agreed to reschedule the loan repayment to six equal semi-annual instalments beginning Jan. 15, 1993. Dickenson says…
U.S. REPORT (January 27, 1992)
Assay results were released by Ican Minerals (TSE) from recent reverse circulation drilling on the Racey “porphyry” gold deposit 40 miles south of Baker, Ore. The company owns 100% of the property sin…
Alberta Stock Exchange Monk gains 12 cents
After almost doubling in price since the week before Christmas, Monk Gold & Resources moved up another 12 cents during the week ended Jan. 21 to close at a 52-week high of 57 cents. The company has ex…
Queenston to drill Kirkland West from surface
LAC Minerals (TSE) has returned the strategic Kirkland West claims to owner Queenston Mining (TSE) after spending $2 million in a fruitless search for minable ore. But Queenston Chairman Hugh Harbinso…
NEWS IN BRIEF (January 27, 1992)
Oregon Resources Corp. (ORE:VSE) has changed its name to International Oregon Resources Corp. (IOR:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Central …