Micham has new Swiss partner
As of October, 1990, International Micham Resources (VSE) has been exploring the Disentis property in Switzerland under an 80-20% joint- venture agreement with Swiss Gold Partnership. Swiss Gold was a…
News
On the Level (September 16, 1991)
It just gets sillier and sillier — and closer to home. I’m referring to costly hurdles being thrown at mining developments by aboriginal groups. I recently wrote about a situation in Australia where …
Teck finances Western Copper
A private placement of 200,000 flow-through shares of Western Copper Holdings at a price of 75 cents per share will give Teck (TSE) a 42% interest in the junior company. Teck also has a warrant to pur…
Merger proposed between MinVen and United Coin
Denver-based MinVen Gold (TSE) is set to acquire full ownership of the Golden Reward mine in South Dakota by merging with United Coin Mines (TSE). MinVen holds 33% of the low-grade Black Hills heap le…
Giant Bay active in Malaysia
Bioleaching technology specialist Giant Bay Resources (TSE) is moving to take advantage of opportunities in northeast Malaysia following the decline of the communist party there. The Vancouver-based c…
Permits approved for Adonos project
Permits needed for the re-opening of the Idaho Springs mining property in Colorado have been approved, Adonos Resources (VSE) reported. Adonos, which has a 50% interest in the project, said the proper…
Alberta Stock Exchange (September 16, 1991)
Taking top spot on the most active list for the week ended Sept. 10 was Stampeder Exploration, a generally quiet trader with mineral properties near Timmins, Ont. Trading 539,500 shares, the junior al…
Drilling starts at Prime project
Drilling commenced recently at the Eisler Lake, Sask., gold property optioned by Calgary-based partners Leeward Capital (VSE) and American Ore (ASE) from Prime Resources (VSE). Leeward says it is plan…
Vancouver Stock Exchange (September 16, 1991)
Market indices turned downward during the week ended Sept. 10; the resource index closed at 550.54 for a loss of 7.50 points and the composite index slipped by less than a point to close at 566.83. Ta…
Inco shelves some Sudbury plans to cut output
Following a summer decline in nickel prices, Inco (TSE) says it will cut back on production, reducing Canadian output for the balance of 1991 by about 10 million lb. Inco, which produces its own nicke…
Adrian plans to drill Sky Creek
A drilling program is planned by Adrian Resources (VSE) to further test a recently discovered zone of massive sulphide mineralization on the Sky Creek property held under option from Skyline Gold (TSE…
Timmins Nickel cuts loss as operating costs decline
Despite a substantial drop in the price of its main commodity, Timmins Nickel (TSE) has boosted annual operating profits by 73%. For the 12 months ended May 31, the small producer sold 2.8 million lb….