Montreal Exchange Bad news for Wrightbar
The week ended July 16 brought bad tidings for junior explorer Wrightbar Mines. Feeling the effects of a down market, St. Genevieve Resources has decided to drop its option on Wrightbar’s copper-zinc …
News
Vancouver Stock Exchange Investors await discoveries
Trading activity on the Vancouver Stock Exchange appears to be reflecting the attitude of most retail investors these days; nervous, skittish, and ready to take even marginal profits and run. Local an…
U.S. REPORT Renovation fund tops US$1 million
Contributions from American Mining Congress (AMC) member companies toward renovation of the geology, gems and minerals hall of the Smithsonian Institute’s National Museum of Natural History in Washing…
Grant helps women engineering students
A grant of $40,000 has been awarded by Energy, Mines and Resources Canada to the 1989 Canadian Engineering Memorial Foundation for scholarships for women engineering students. According to the federal…
Golden North, Thorco make deal to combine with Doelcam
Golden North Resources (TSE) and Thorco Resources (TSE) have signed a letter of intent to amalgamate with Doelcam Mining, a private Toronto company controlled by metallurgist Dennis McLeod. Should the…
NEWS IN BRIEF Minorca extends downdip at Nicobi
Minorca Resources (VSE) has picked up the downdip extension of the A zone at the Nicobi Lake copper-nickel property in northern Quebec. Drilling 82 ft. north of hole 2, Minorca intersected strong mine…
Unlisted Trading Van Ollie busy
News about Van Ollie Explorations’ plan to further explore its McMurray Twp. gold property near Wawa, Ont., has spurred active trading in recent weeks. In a low-high range of 15-23 cents, 965,450 shar…
NEWS IN BRIEF Homestake helps out subsidiary
Homestake Mining (NYSE) has contributed an additional $675,000 to its 82.8% owned subsidiary North American Metals (VSE). Homestake has also agreed to defer North American’s remaining 1991 gold delive…
Latest Paymaster results mixed
The latest underground drilling at the Paymaster gold project near Timmins, Ont., has returned mixed results for partners American Reserve Mining (ME) and Placer Dome (TSE). Hole 6035 hit a short mine…
Alberta Stock Exchange Kingswood active (July 22, 1991)
As drillers moved on to its 133-claim property in La Gauchetierre Twp., Que., during the week ended July 16, Kingswood Explorations bounced up five cents to 18 cents. Noranda, earning a 75% interest i…
Spot prices at a glance (July 22, 1991)
Week’s Price (US) Change Gold* $369.20 – $ 1.00 Silver* $ 4.40 – $ 0.08 Platinum* $380.00 – $ 2.90 Nickel** $ 3.91 – $ 0.13 Lead** $ 0.25 $ 0.00 Copper{ $ 1.00 – $ 0.01 Zinc{{ $ 0.48 $ 0.00 Courtesy o…
Akiko-Lori’s suit dismissed
In early July, the British Columbia Supreme Court dismissed a lawsuit initiated by Akiko-Lori Gold Resources (VSE) against Ecstall Mining (VSE) relating to the Forgold property in northwestern British…