New Paymaster reserve awaited
An updated reserve report is being prepared by Placer Dome (TSE) and American Reserve Mining (ME) following the completion of the current phase of deep drilling at the Paymaster gold project at Timmin…
News
Copper futures at 5-month high
The expectation in London that economic and political problems in South Africa will soon affect copper supplies recently drove futures prices to a 5-month high of US$1.10 per lb. But Richardson Greens…
Atlanta placement terms amended
Atlanta Gold (TSE) recently amended the terms of its private placement of stock-warrant units to Consolidated Ramrod Gold (TSE) at the request of The Toronto Stock Exchange. Subject to regulatory appr…
Unlisted Trading (September 30, 1991)
The possibility that Black Gregor Explorations may succeed in enlisting major companies as joint venture partners for its two gold properties has excited investors. In a low-high range of 10-28 cents,…
Spot prices at a glance (September 30, 1991)
Week’s Price (US) Change Gold* $352.40 + $4.40 Silver* $ 4.24 + $0.15 Platinum* $357.50 + $2.75 Nickel** $ 3.44 – $0.02 Lead** $ 0.24 …. Copper $ 1.06 + $0.03 Zinc $ 0.46 – $0.01 Courtesy of Scotiab…
Canmine prepares for winter drilling
Canmine Resources (CDN) says it has identified an alteration pipe at its FER copper-zinc property in northern Manitoba that is similar to the pipes found under known volcanogenic orebodies. In January…
GOLD FUNDS (September 30, 1991)
BGR Central Net Value $8.30 $4.94 Price $7.38 $4.400 Discount 11.11% 10.9% Value $49,398,725 $74,026,920…
PEOPLE (September 30, 1991)
Joseph Lechman appointed president.
FUTURES PRICES (September 30, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Sep 109.55 106.90 107.40 + 3.00 Oct 107.40 105.70 106.50 + 3.80 Nov 105.60 105.00 105.40 + 3.40 SILVER (in US cen…
Redfern confirming Tulsequah model
A 6-hole infill drilling program at the Tulsequah Chief property in northwestern British Columbia is confirming projections made by a new geological model recently compiled by Cambria Data Services. R…
FINANCING (September 30, 1991)
Toscana Resources LtdCastlewood Metals and Explorations Ltd – 850,000 units consisting of 1 sh and 1 wt offered @ 50 cents per unit. Dasserat Developments Corp – 600,000 shs offered @ 50 cents per sh.
Canamin to drill Poplar property
A drilling program is expected to begin shortly on the Poplar property which was recently acquired by New Canamin Resources (VSE). The company can acquire a 100% interest in the property, about 45 mil…