OBITUARY (October 14, 1991)
Well-known mining engineer Tilmer (Tim) Waterland of Delta, B.C., died recently. He was 90. His career involved positions at a number of mines in British Columbia, including Copper Mountain, Anyox, Pr…
News
Gold Ridge funding
Funding is now available to complete the mine development and begin operations at the Wingdam placer gold project in the Cariboo mining division of British Columbia, Gold Ridge Resources (VSE) announc…
Eden Roc expects production from Ivory Coast before ’92
Eden Roc Minerals (ASE), the 67% owned subsidiary of Marshall Minerals (TSE), is preparing to bring its Ivory Coast, West Africa, gold project into production after securing $5.3 million in loans and …
Vancouver Stock Exchange (October 14, 1991)
Despite the odd pocket of excitement and an upward move in gold bullion toward the US$360 mark, the resource index continued its slide toward the 500-point level, closing the week ended Oct. 8 at 514….
U.S. REPORT (October 07, 1991)
Copper oxide specialist Arimetco International (TSE) is teaming up with Holcorp Mines (CDN) to acquire a 100% interest in 305 unpatented mining claims located beside Arimetco’s Yerrington mine in Lyon…
Funding available for uranium review
Funding will be available to help the public participate in a joint federal-provincial review of uranium mine developments in northern Saskatchewan. The governments will grant a total of $350,000 to a…
NEWS IN BRIEF (October 07, 1991)
Millrock Development Corp. (MRK.A:VSE) has changed its name to Delta Gold Mining Corporation (DTG:VSE) with a consolidation of capital on a 1-new-for-3-old share basis.
Spot prices at a glance (October 07, 1991)
Week’s Price (US) Change Gold* $354.40 + $2.00 Silver* $ 4.22 – $0.02 Platinum* $351.25 – $6.25 Nickel** $ 3.44 … Lead** $ 0.24 … Copper $ 1.06 … Zinc $ 0.45 – $0.01 Courtesy of Scotiabank. Info…
Construction set to start this spring at Stronsay project
The British Columbia government recently approved a mine development certificate for the Stronsay project, a zinc-lead deposit about 240 km northwest of Fort St. John. Formerly known as Cirque, the St…
FUTURES PRICES (October 07, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 108.20 107.00 108.00 + 1.50 Nov 106.00 105.70 106.35 + 0.95 Dec 105.10 103.90 105.00 … SILVER (in US cents …
Athabaska drills at Nicholas Lake
With financial backing from Royal Oak Mines (TSE), Vancouver-based Athabaska Gold Resources (TSE) has begun drilling at its 60% owned Nicholas Lake gold project north of Yellowknife, N.W.T. Royal Oak …
NEWS ROUNDUP (October 07, 1991)
Newmont Mining (NYSE), North America’s largest gold producer, continued to reduce its debt load recently by completing the redemption of its 7% exchangeable debentures. Due Aug. 15, 2001, the debentur…