Audrey’s plan for 1100 lens worth $7.3 million
The board of directors of Audrey Resources (TSE) has approved a $7.3-million underground exploration and development program for the 1100 lens at the Mobrun property near Rouyn-Noranda, Que. The progr…
1992
Holloway shaft at 45 metres
Shaft-sinking at the Holloway gold project near Matheson, Ont., has reached a depth of about 45 metres, according to a progress report by operator Hemlo Gold Mines (TSE). Advancing at a rate of a few …
NEWS ROUNDUP — Central Crude drills Moss Lake
Drilling by Central Crude (TSE) continues at the Moss Lake gold prospect in northwestern Ontario, Tandem Resources (ME) and Storimin Exploration (ASE) report. Four holes have been completed, with good…
Program to teach market investors
The Canadian Shareholders Association, a non-profit organization based in Windsor, Ont., has launched a new, 5-year program designed to teach Canadians the principles and methods for successfully inve…
MINER BRIEFS — Minproc, Hugo
Minproc Engineers of the U.S. and Australia and Hugo Petersen of Germany have agreed to combine their expertise and resources. Minproc will design and construct sulphuric acid plants and related turn-…
MINER BRIEFS — Stratmin mica
Stratmin (ME) reports that a university in Belgium has extracted and concentrated a mixture of muscovite-phlogopite mica from a sample taken from tailings at Stramin’s Lac-des-Iles graphite property n…
Green light for El Condor financing
A previously announced $7.2-million financing by El Condor Resources (VSE) recently received regulatory approval, qualifying the distribution of 1.8 million units. The company arranged the placement e…
U.S. dollar pushes gold down
Gold’s recent dip to a 6-year low of US$330 per oz. was largely a function of a strengthening of the U.S. dollar relative to other currencies, some analysts say. “In U.S. dollar terms it got pushed to…
STOCK MARKETS — Diamond stocks hit new highs amid broad
While most issues on The Toronto Stock Exchange continued to slump during the week ended Nov. 17, shares of many of the diamond explorers headed to new highs on heavy trading. Although the search for …
EDITORIAL PAGE — Good uranium sense
There is something wonderful about individuals taking advantage of their God-given talents and strengths and using them for their own and mankind’s benefit. The same might be said about Canadian provi…
GOLD FUNDS (November 23, 1992)
Gold Funds as of Nov. 17 BGR Central Net Value $7.85 $5.06 Price $6.63 $4.80 Discount 15.61% 5.1% Value $45,419,000 $85,147,784…
More high-grade copper intersected at Cerattepe
Recent drilling by Cominco Resources International (TSE) intersected exceptional thicknesses of high-grade copper mineralization within the previously defined limits of the Cerattepe copper deposit in…