IOCC GOLD OPTIONS (July 15, 1991)
The New York closing gold price was $369.40 per oz. Last quotations for gold options traded in Montreal and Vancouver as provided at the close of trading each Tuesday by the Montreal Exchange. Only th…
News
METAL PRICES FREE MARKET (July 15, 1991)
London Metal Exhange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 9 July 8 July 5 July 4 July 3 Copper 1385-1386 1392-13…
No acceptable bids for Lobo
No acceptable offers were received by Cominco Resources International (TSE) and its joint venture partner for the Lobo gold property in Chile. N.M. Rothschild & Sons solicited bids for the sale of th…
INSIDER TRADING VSM consultant sells shares
Former VSM Exploration (TSE) director Gilles Tremblay recently sold a considerable portion of his holdings in the 53.9% owned affiliate of gold miner Placer Dome (TSE). According to the Ontario Secur…
Paymaster stake off the block
More than halfway through a 10,000-ft. underground program at the Paymaster gold mine project near Timmins, Ont., Placer Dome (TSE) and American Reserve Mining (ME) continue to intersect strong widths…
Cornucopia halts merger plan, Galactic holds talks with DCC
The proposed merger of Galactic Resources (TSE) and Cornucopia Resources (TSE) into one company has been terminated. Galactic said the cancellation of the merger was “amicable” and will not affect the…
SB mine on track
The first batch of development ore from the SB gold property is being processed at Westmin Resources’ (TSE) Premier gold mill near Stewart, B.C. About 15,000 tons are expected to be processed during …
Crew, Moraga state reserves on Vancouver Island property
A preliminary reserve estimate was released by Crew Natural Resources (VSE) for the Red Dog copper property on northern Vancouver Island. The project is near a producing copper mine, and is being dev…
22 Ontario projects receive $508,000
This year 11 Ontario universities will receive a total of $508,000 in provincial grants for 22 geoscience research projects, Mines Minister Gilles Pouliot has announced. The funding, about $500,000 e…
Correction (July 15, 1991)
Contrary to what was previously published (“Keeping Secrets,” T.N.M., June 10/91), Amada Mineral Corporation of Denver, Colo., is a private company.
Cross Lake
Looking for massive sulphide deposits, Cross Lake Minerals (VSE) has purchased 51 claims at Timmins, Ont., for $4,080 and 100,000 shares. The claims cover a rhyolite-basalt contact thought to be part …
NEWS IN BRIEF Pacific proposes warrant issue
Pacific Metals (ASE) has proposed a private placement of 1.4 million special warrants at a price of $1 to replace a previously announced common share placement. Each warrant will be exchangeable into…