VSM, Serem hit sulphide-rich shear
Partners VSM Exploration (TSE) and Serem-Quebec have intersected a mineralized shear zone over more than 70 metres in Mountain Twp., Que. The structure, which contains 1-12% pyrite, 4-12% pyrrhotite (…
News
Crude buying 75% of Magnacon mill
After months of negotiations, Central Crude (TSE) has signed a letter of intent to purchase 75% of the Magnacon mill and related infrastructure near Wawa, Ont., from debt-ridden partners Flanagan McAd…
Securities Dealers organize to improve public image
At a time when institutions and individuals aren’t lining up to buy speculative stocks, the broker dealers who sell those stocks in Ontario have set up an organization to improve their public image. T…
FUTURES PRICES (December 23, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec 98.40 97.60 98.15 + 0.80 Jan 98.10 97.35 98.00 + 1.00 Feb 97.75 97.75 98.90 + 2.00 SILVER (in US cents per oz…
Osborne receives buy-back approval
Osborne and Chapel Goldfields (TSE) has received final approval to purchase Odin Mining and Investment’s 48.6% interest in the company for US$1.65 million. Under the transaction, Osborne will retain a…
Eskay players study options in light of Placer’s decision
The share prices of all public companies involved in the Eskay Creek project weakened slightly on news that Placer Dome (TSE) had elected not to increase its interest in the project to 50% under the t…
PEOPLE (December 23, 1991)
Bevan Anderson appointed vice-president, corporate affairs; Raymond Mongeau and A. Reid appointed directors.
New lens found at Myra Falls
Although 1991 was not a particularly good year on the financial front, Westmin Resources (TSE) enjoyed an extraordinarily successful year exploring its Myra Falls mine property near Campbell River, B….
Drilling results from Courville
Extensions of zone A at the Courville gold property northeast of Val d’Or, Que., may have a lower grade than that found in the centre of the zone, Cache Explorations (ME) says. A summer drilling progr…
Teck drops Flat property
No significant gold intersections were returned from a recent drill program carried out by Teck (TSE) on the Flat property in Pershing Cty., Nev. After assays were returned from the initial 5-hole pro…
Montreal Exchange (December 23, 1991)
Strong investor interest was evident during the week ended Dec. 17, with daily trading volumes ranging between 5.3 million and 11.8 million shares. Both the market portfolio and mining and minerals in…
Richmont shares (December 23, 1991)
Golden North Resource (TSE) of Vancouver said it recently acquired 1.36 million shares (11.5% interest) of Richmont Mines (TSE). Richmont is the operator, and 50% owner along with LAC Minerals (TSE), …