Development drilling continues
Four miles from this small town is the New World project, which hosts five separate deposits — McLaren, Como, Miller Creek, Homestake and Fisher Mountain. To date, Crown Butte Resources (TSE), which …
News
Midas rights
Midas Minerals (TSE) plans a rights offering, subject to regulatory approval, under which shareholders of record (in Ontario and Nova Scotia) on Nov. 5 will receive one right for each common share own…
Claude and Aaron in diamond search
Joint venture partners Claude Resources (TSE) and Aaron Oil (ASE) are planning a drilling program to test magnetic anomalies for diamond mineralization on property in the Fort a la Corne and Sturgeon …
Flett suggests Billiton likely to take on balance of Selbaie
Ownership of the Selbaie zinc-copper mine in northwestern Quebec may soon be in the hands of Billiton Metals Canada, hinted President Andrew Flett at a recent luncheon gathering hosted by the Toronto …
Vancouver Stock Exchange (November 04, 1991)
Gold reversed a promising uptrend during the week ended Oct. 29, dipping back below the US$360-per-oz. level to settle at US$357. Trading activity on the VSE remained relatively quiet, but both the re…
FREE MARKET (November 04, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct 29 Oct 28 Oct 25 Oct 24 Oct 23 Copper 1384-1385 1386-1387 1374-1375 1383-1385 13…
INSIDER TRADING (November 04, 1991)
Oklahoma oilman George Kaiser struck a bargain when he secured control of Toronto-based palladium-platinum explorer Madeleine Mines (TSE). According to the Ontario Securities Commission OSC Bulletin, …
Placer options USMX ground
Colorado-based USMX (NASDAQ) recently granted Placer Dome (TSE) the right to explore and to purchase two separate blocks of ground in White Pine Cty., Nev. The blocks make up a small portion of USMX’s…
Southern Chile focus for Arauco
Four local mining groups have teamed up to form a new company directed exclusively at finding mineral deposits in Latin America, with Southern Chile being the primary exploration target. The venture i…
Curragh selling smelter interest (November 04, 1991)
Toronto-based Curragh Resources (TSE) is negotiating to sell its 20.8% interest in Spanish smelting company Asturiana De Zinc SA, says Chairman Clifford Frame. Under a proposed agreement, the Spanish …
Fort Knox keeps setting new highs
Further work on Fort Knox Gold Resources’ (TSE) claims in Fawcett Twp., Ont., will get under way as soon as financing is complete, says Wayne Whymark, vice-president of exploration. “I am quite confid…
Taysan study completed
A study by Fluor Daniel Wright Engineers has confirmed previous estimates made by Chase Resources (VSE) on the Taysan copper project in the Philippines. Chase has an option to purchase a 59.9% interes…