Minnova’s future lies in Northwest Territories
Awash with cash but short of ore reserves, Toronto-based Minnova (TSE) has agreed in principle to buy Falconbridge’s interests in three Northwest Territories copper-zinc properties for US$20 million. …
News
Great Western options War Eagle ground
Two properties owned by the Mexican subsidiary of War Eagle Mining (VSE) have been optioned by Great Western Gold (VSE). The ground adjoins War Eagle’s La Blanca property in Mexico. War Eagle’s share …
Cream Silver wins legal battle
The Supreme Court of British Columbia has ruled that Cream Silver Mines (VSE) is entitled to compensation for the loss of mineral claims “expropriated” by the provincial government in 1988. As of mid-…
Newfoundland Goldbar cuts gold values at Glover Island
Newfoundland Goldbar Resources, a Newfoundland-based exploration company, has intersected encouraging gold mineralization at Varna Gold’s (ASE) Glover Island property in Western Newfoundland. The main…
Stanley to speak at CIM luncheon
The president of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), William Stanley, will be the guest speaker Dec. 9 at the monthly luncheon of the Toronto branch of the CIM. Stanley, …
Products in demand
No matter what the subject, you can always get a second opinion — if not a third and fourth. Take the question of the Canadian dollar. Few in the mining industry would argue against the need to keep …
International Musto eyes copper-gold deposit in Argentina
The share price of International Musto Explorations (VSE) was given a boost by speculation the company may acquire a bulk-tonnage copper-gold deposit in Argentina. The company recently announced it wa…
Inco options Queen Charlotte properties
A recent option agreement with Doromin Resources (VSE) gives Inco (TSE) the right to explore a number of polymetallic properties held by Doromin on the Queen Charlotte Islands of western British Colum…
Gold price volatility fades as industry matures, says study
The global gold market is “a solid, vital industry” which has reached a mature state, says Metal Market Consultants of Lakewood, Colo., in Gold Situation 1991. The consulting company, in its fifth ann…
Dromedary to earn La Choya interest
An option to buy the La Choya gold project in Mexico was recently acquired by Hecla Mining (NYSE). Should Hecla decide to place the property into production, Dromedary Exploration (VSE) has the right …
PRODUCER PRICES (December 09, 1991)
ALUMINUM: MW U.S. market US51.25-51.75 cents per lb. (Nov. 26, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CAD…
Alberta Stock Exchange (December 09, 1991)
With three option agreements in hand, Goldhunter took off during the week ended Dec 3., gaining 20 cents to close at 46 cents. Goldhunter, which holds property on the western and northern boundaries o…