If this week’s trading activity is any indication, the markets are in for a rough ride during the rest of 1991. In the period ended Jan. 15, the composite 300 index posted five successive losing sessi…
An American company is claiming its Grasberg open pit mine in Indonesia has the largest published gold reserves of any of the world’s single operating mines. Freeport-McMoRan Gold (NYSE) recently anno…
Toronto-based Regal Goldfields (COATS) has picked up nine claims covering a diamond-bearing kimberlite pipe 20 km northeast of Kirkland Lake, Ont. Discovered by LAC Minerals (TSE) in 1984, the pipe yi…
Rivals Card Lake Resources and Teddy Bear Valley Mines will meet in court on Sept. 3 to settle a property dispute over Card Lake’s 5-claim property near Matheson, Ont., says Teddy Bear. Until then, Ca…
Faced with the recent closure of its only remaining metal mines, and a slump in both its fishing and oil sectors, Danish government authorities are attempting to increase exploration activity in Green…
The first two holes drilled by Greenstone Resources (TSE) on the company’s 49% owned Santa Rosa gold property in Panama have intersected encouraging results including 249 ft. grading 0.12 oz. gold per…
Toronto-based consulting firm Watts, Griffis and McOuat has signed a contract with Zambia Consolidated Copper Mines to review the exploration potential in that African nation. The work is part of a pr…
From Alaska to Sri Lanka and from Greenland to Bolivia there are projects with which Toronto- based consulting firm Watts, Griffis and McOuat (WGM) is involved. Recently it signed a contract with the …
Volumes were lighter than usual during the week ended Jan. 15 as investors remained fearful of war in the Persian Gulf following Iraq’s failure to comply with a United Nations ultimatum calling for it…
Effective Jan 1., unless mining claim documents are accompanied by filing fees, the U.S. Bureau of Land Management (BLM) will refuse to file the documents. The rejected documents will no longer be dat…
Edmonton-based Gwen Resources (ASE) has increased its interest to 50% from 25% in a group of 101 gold claims situated in Holloway and Marriot twps., near Matheson, Ont. The remaining half interest in …
Week’s Price (US) Change Gold* $403.70 + $13.00 Silver* $4.22 + $0.13 Platinum*$424.00 + $9.75 Nickel** $3.78 — $0.17 Lead** $0.27 Copper- $1.06 — $0.10 Zinc $0.52 — $0.05 Courtesy of Scotiabank. I…
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