1992

Drilling is under way on Flag Resources’ (ASE) 24,000-acre claim block covering the Wanapitei anomaly near Sudbury, Ont. The 5,000-ft. hole is designed to penetrate basement rocks underlying the Huron…

Shareholders of Audrey Resources (TSE) approved recently the sale of 20 million common shares to Cambior (TSE) at 65 cents per share (T.N.M., Aug. 31/92), giving the latter control of Audrey. Audrey’s…

More than 200 geologists from all over the world gathered in Sudbury, Ont., Oct. 3-5, to compare the world’s two largest nickel mining districts. The Noril’sk region in northern Siberia, Russia, rival…

An exploration foray into Jamaica was not as productive as expected for Golden Ring Resources (VSE), which recently decided to terminate its option to acquire an interest in the Bellas Gate copper-gol…

In response to floundering nickel markets worldwide, Inco (TSE) is slashing production, curtailing capital expenditures and introducing other cost-cutting measures. Shortly after denying rumors of cut…

Week’s Price (US) Change Gold* $349.50 + $0.50 Silver* $ 3.75 – $0.02 Platinum* $359.00 – $8.50 Nickel** $ 3.01 – $0.02 Lead** $ 0.25 – $0.02 Copper $ 1.03 – $0.03 Zinc $ 0.54 – $0.04 Courtesy of Scot…

Gold and diamond stocks managed to hold their own amid the volatility that gripped North American financial markets during the week ended Oct. 6. Spurred on by major buyers looking for a safe investme…

Incentive term loans from two Ontario government agencies totalling $1 million have been made available to Jarvis Resources (VSE) to establish a marble cutting and polishing facility near Sudbury, Ont…

The currency troubles being experienced by numerous countries, particularly in Europe, have some persons calling for a return to a gold standard. One observer who thinks a rigid gold standard is a rem…

A proposed merger has been announced by Quebec Sturgeon River Mines (TSE), The Coniagas Mines (TSE), Garrison Creek Consolidated Mines (CDN) and Anglo Dominion Gold Exploration (TSE). Share exchange r…

A court date to hear charges against mining promoter Patrick Sheridan has been postponed until Jan. 5, 1993, says the Ontario Securities Commission (OSC). Originally scheduled for Aug. 25, the OSC hea…

Getting in and out of the mining business is becoming much more costly, thanks to securities demanded for abandonment, a Vancouver lawyer said at a recent environmental law conference here. Lynne Hues…