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…
1992
NEWS ROUNDUP — Westray inquiry is sidelined
The public inquiry into the Westray coal mine disaster has been sidelined. The Nova Scotia Supreme Court recently struck down the investigation into the May explosion in which 26 miners died. The Unit…
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…
NEWS ROUNDUP — Virginia plans Sagar drilling
A drilling program is planned for early 1993 by Virginia Gold Mines (ME) for its Sagar-III property in the Labrador trough area of Quebec. Virginia, which has increased the number of claims at Sagar, …
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…
NEWS ROUNDUP — Aur drilling Joutel property
A third-phase 5,000-ft. drilling program is under way at the former producing 26-claim Joutel Copper property near Joutel, Que., Aur Resources (TSE) and Joutel Resources (TSE) report. To be tested is …
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…
Lifting Zenmac’s cease-trading order
With its corporate house now back in order, Zenmac Zinc’s (ASE) cease-trading order is expected to be lifted shortly, its recent and unusually well-attended annual meeting was told. The meeting was ch…
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…
NEWS ROUNDUP — Freewest discovers copper-bearing float
High-grade copper-bearing float has been uncovered by Freewest Resources (TSE) in the Bathurst mining camp of northern New Brunswick. The company says several sub-angular boulders of chloritic mudston…