Ariel mines gold vein in Costa Rica
Without attracting much attention in North America, Vancouver junior Ariel Resources (VSE) has successfully operated Costa Rica’s only “substantial” gold producer for the past four years. Situated on …
News
Recapturing the `lost art’ of narrow vein mining
Narrow vein mining. Something our fathers knew a great deal about but very nearly a lost art today. To help remedy the deficiency, the Quebec Mining Association (QMA) recently sponsored a “narrow vein…
Morrison deal
Morrison Minerals (TSE) reports the completion of the sale of its shares in Aerodat Ltd. to Geonex Ltd. for cash, dividends and shares in Geonex. (Aggregate value of the deal is about $3.75 million.) …
U.S. REPORT (December 23, 1991)
Homestake Mining (NYSE) and Goldstake Explorations (TSE) have suspended work on the Whitewood Creek tailings project in South Dakota until gold prices improve. The project, a 50-40-10 joint venture am…
CSA purchase
CSA Management (TSE) of Toronto recently boosted its beneficial ownership in Goldcorp (TSE) to 14% through the open-market purchase of 9,800 A shares of the latter. Goldcorp is the controlling shareho…
NEWS IN BRIEF (December 23, 1991)
Pan Oceanic Ventures Inc. (PSV:VSE) has changed its name to Falcon Ventures International Corp. (FNV:VSE) with a consolidation of capital on a 1-new-for-8-old-share basis. The transfer agent is Pacifi…
GOLD FUNDS (December 23, 1991)
BGR Central Net Value $8.38 $4.98 Price $7.13 $4.450 Discount 14.94% 10.6 Value $49,872,000 $74,868,135…
Noranda chopping exploration funds
The mineral exploration arm of Noranda (TSE), Noranda Exploration, plans to reduce its exploration personnel and reduce spending by about one-quarter in 1992. The total exploration budget of Noranda E…
Cambior, Aurizon test zone 20
Most of the current exploration work at the Sleeping Giant mine project north of Amos, Que., is being carried out on zone 20, project partners Aurizon Mines (TSE) and Cambior (TSE), the operator, repo…
Timmins, Habsburg test mills for taking Dome Mountain ore
The Dome Mountain gold mine near Smithers, B.C., recently completed deliveries of 5,600 tons of ore. Timmins Nickel (TSE) is earning a 60% interest in the mine from Habsburg Resources (VSE) by bringin…
Freewest, Canaco plan suit over claims near Benoit find
Two juniors, Freewest Resources (TSE) and Ressources Minieres Canaco (ME), are planning lawsuits seeking a total of $5.9 million in damages against Forbex Mining Resources (ME) over disputed claims cl…
TORONTO STOCK EXCHANGE INDICES (December 23, 1991)
Dec 17 Dec 16 Dec 13 Dec 12 Dec 11 High Low Composite 300 3325.08 3346.05 3359.47 3348.42 3351.92 4009.47 3009.91 Metals & Minerals 2689.56 2724.79 2768.41 2760.23 2752.01 3453.06 2502.63 Integrated M…