NEWS ROUNDUP (September 02, 1991)
Junior Orofino Resources (TSE) recently purchased 886,000 shares (a 19.9% interest) in Andaurex Resources (VSE) in a private transaction. No price was disclosed; Andaurex shares were recently trading …
News
TSE Short Positions (September 02, 1991)
Semi-monthly reports as of August 15, showed 22,502,355 shares of 583 issues compared with 21,418,054 shares of 579 issues on July 31. Larger individual positions included: Amer. Barrick 247,462, down…
BOOKS IN REVIEW (September 02, 1991)
Rocks and Minerals for the Collector: Sudbury to Winnipeg, by Ann Sabina. Published by Geological Survey of Canada. 601 Booth St. Ottawa K1A 0E8. This handy guide depicts the occurrences of minerals, …
Placer Dome options project in N.W.T. from Noble Peak
Vancouver gold miner Placer Dome (TSE) is poised to take a close look at Canada’s second largest Archean greenstone belt after optioning Noble Peak Resources’ (ASE) Southwin gold project in the Northw…
NEWS IN BRIEF; FINANCING
Armenex Resources Canada Ltd – 800 units consisting of 1,750 shs and 1,250 flow through shs offered @ $600,000 per unit. Bradsue Resources Ltd – 600,000 units consisting of 1 sh and 2 wts offered @ 40…
PEOPLE (September 02, 1991)
James Watt appointed president.
Correction (September 02, 1991)
The participation of Westfield Minerals and Whim Creek Consolidated in the WX syndicate (T.N.M., Aug. 26/91) was incorrectly reported by NovaGold Resources (TSE) in a press release. NovaGold has an op…
EDITORIAL PAGE (September 02, 1991)
There are few rays of sunshine for junior gold companies these days. The precious metal has lost a great deal of its lustre over the past decade. The gold price has been on a downtrend since the Ameri…
LETTERS TO THE EDITOR (September 02, 1991)
Further to the article “Temagami claims’ status uncertain following court decision,” by Virginia Heffernan (T.N.M., Aug. 26/91), I would like to make the following points. — The Sudbury anomaly is 60…
Inco to invest in African diamonds
Nickel producer Inco (TSE) will try its luck in the diamond business after signing an agreement with the government of Ghana. In a joint announcement with Lazare Kaplan International, a New York-based…
Tantalus moving drill to test new zone at Treaty Creek
A drill rig is being moved to test the recent discovery of a new zone of base and precious mineralization on the Treaty Creek property in northwestern British Columbia. The prospecting discovery was m…
Canadians respond to Mexican investment changes
Many major Canadian mining companies have opened offices in Mexico in response to a series of changes instituted by the Mexican government to make the mining industry more attractive to both foreign a…