Alberta Stock Exchange Trump gets to work
Shares of Trump Reserve Minerals traded moderately in the week ended July 9, as surface exploration got under way at the company’s Benoit gold bet in northern Quebec. The 44-claim property is close to…
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FINANCING (July 15, 1991)
Pegasus Gold Inc. – 3,000,000 com shs and 1,000,000 wts to purch com sh in units offered @ $15.50 per unit. Teck Corporation – 4,300,000 units consisting of 1 Cl B subordinate voting sh and 1/2 wt o…
$1-million drilling program under way at Polaris-Taku
Drilling is now under way at the Polaris-Taku gold property, about 65 miles south of Atlin, B.C. Suntac Minerals (VSE) is earning a 60% interest in the property from Rembrandt Gold Mines (ASE). To d…
TORONTO STOCK EXCHANGE INDICES (July 15, 1991)
July 09 July 08 July 05 July 04 July 03 HIGH LOW Comp”300″ 3497.39 3488.81 3482.21 3485.45 3479.07 4009.47 3009.91 Metals & Minerals 3178.44 3156.35 3160.20 3177.86 3155.08 3453.06 2502.63 Integra…
LAC, Bond deal only needs minority shareholders’ OK
LAC Minerals’ (TSE) new sweeter offer for the remaining shares of 64.7% owned Bond International Gold (TSE) it doesn’t already own was recently approved by directors of both companies. Under the offer…
PRODUCER PRICES (July 15, 1991)
ALUMINUM: MW U.S. Market US60-61 cents per lb. (Jul. 2, 1991). ANTIMONY: New York dealer US84-85 cents per lb. (Mar. 14, 1991). BISMUTH: New York dealer US$3.05-3.15 per lb. (Jun. 27, 1991). CADMIUM…
Spot prices at a glance (July 15, 1991)
Price (US) Week’s Change Gold* $370.20 + $ 2.45 Silver* $ 4.48 + $ 0.05 Platinum* $382.90 + $ 2.65 Nickel** $ 4.04 + $ 0.03 Lead** $ 0.25 $ 0.00 …
More good results from Westmin’s Myra Falls drilling
Ongoing drilling by Westmin Resources (TSE) returned more good assay results from the company’s Myra Falls mine property near Campbell River, B.C. Westmin is exploring a previously untested area near …
NEWS IN BRIEF Corona options Red Cap
A preliminary exploration program is now in progress on the Red Cap polymetallic property in British Columbia’s Taku Valley, 40 miles east of Juneau, Alaska. The project will be operated by Internati…
METAL PRICES FUTURES PRICES (July 15, 1991)
N.Y. Commodity Exchange High Low Close Week’s Change COPPER (HG) (in US cents per lb.) Jul 101.00 100.20 100.90 – 2.30 Aug 100.90 100.60 100.80 – 2.65 Sep …
Feasibility done on Sphinx project (July 15, 1991)
A feasibility study carried out on the Duvay heap leach gold project north of Amos, Que., concludes that total costs would be $10.43 per ton, Societe Miniere Sphinx (VSE) reported. Direct recovery co…
U.S. REPORT Kennecott options Lockwood project
A unit of Kennecott recently entered into a joint venture agreement allowing it to acquire a 51% working interest in the Lockwood massive sulphide project near Everett, Wash. The project is currently …