U.S. REPORT Castle Mountain near startup date
The Castle Mountain gold project is on schedule and on budget, with owner Viceroy Resources (TSE) anticipating startup as planned in January, 1992. It’s been a long haul for the Vancouver-based junior…
News
Yukon welcomes start of operations at lead-zinc mine
Mining may not be welcome in some parts of Canada these days, but this doesn’t appear to be the case in and around Watson Lake, Yukon, where partners Curragh Resources (TSE) and Hillsborough Resources…
GOLD FUNDS (July 15, 1991)
Gold funds as of July 09 BGR Central Net Value $9.48 $5.34 Price $8.50 $5.000 Discount 10.34% 6.4% Value $56,439,063 $84,…
Noranda seeks Heath Steele backing
The recent 10-month-long strike at the Brunswick zinc-lead mine near Bathurst, N.B., has forced Noranda (TSE) and 67% owned affiliate Brunswick Mining & Smelting (TSE) to look for help in expanding it…
Silver price won’t give in
The price of silver, which in early June received a boost from a bullish report by The Silver Institute of Washington, D.C., continues to trade well in New York. Spot price of the precious metal on t…
Repadre revises diamond deal
A joint venture covering diamond exploration between Repadre Capital (VSE) and AMPAL in Botswana has been revised to allow Repadre to earn a 50% interest in the venture. Initially, Repadre agreed to …
LETTERS TO THE EDITOR Prescription of new remedy for industry’s
Regarding James Wade’s letter “Diagnosis of exploration’s malaise” (T.N.M., Jun. 24/91), I am prompted to add some comments, having managed the Canadian Exploration Incentive Program (CEIP) for 1989 a…
Kalahari cuts good grades at La Currita
Drilling on the La Currita property near Chihuahua, Mexico, is returning good gold-silver intersections over wide widths. The La Currita property is leased to Kalahari Resources (VSE) which has the r…
TSE Short Positions (July 15, 1991)
Semi-monthly reports as of Jun 15, showed 24,245,977 shares of 564 issues compared with 22,603,148 shares of 583 issues on May 31. Larger individual positions included: Amer. Barrick 228,112; Aur Res….
Noble, Dejour form new junior
Noble Peak Resources (ASE) and Dejour Mines (TSE) have formed a new company to carry out exploration on their jointly held ground within the Rankin- Ennadai greenstone belt. MH Resources, which recen…
U.S. REPORT Westchester explores Golconda
Colorado-based Westchester Mining recently negotiated a lease with option to purchase of the Golconda mine property in Baker Cty., Ore. Terms of the transaction were not released. The privately held …
Montreal Exchange Lyon Lake active
Investors were in a positive mood during the week ended July 9. The general market portfolio index jumped by 23.7 points and the mining and minerals index gained almost seven points. Daily trading vol…