NEWS IN BRIEF Riviera Explorations Ltd.
Riviera Explorations Ltd. (RE:VSE) has changed its transfer agent to Pacific Corporate Trust Co.
News
GOLD FUNDS (March 18, 1991)
BGR Central Net Value $ 9.20 $ 5.15 Price $ 8.00 $ 4.650 Discount 13.04% 9.7% Value $54,763,943 $78,232,995…
FINANCING (March 18, 1991)
Blue Sun Resources Corporation — 1,000,000 units consisting of 1 sh & 2 wts offered @ 40 cents per unit. Crisan Resources Ltd. — 1,400,000 shs offered @ 55 cents per sh. Pulse Resources Ltd. — 1,25…
Corrections (March 18, 1991)
Estimations of probable and possible reserves at the Moss Lake property, west of Thunder Bay, Ont., stand at 82.2 million tons grading 0.031 oz. per ton. A previous story (T.N.M., Mar. 11/91) containe…
U.S.REPORT Bitech plans heap leach production
Toronto-based Bitech (ASE) has signed a letter of intent to purchase a 50% interest in Red Rock Mining, a private American company, for $800,000. Red Rock owns or has interests in 11,016 acres of heap…
Highwood acquires property interest
Toronto-based Highwood Resources (TSE) is acquiring from Nanisivik Mines the right to earn a 25% interest in a copper exploration project in the High Arctic. The project is on Victoria Island and is b…
Windy finds new zone at MacLeod
Recent drilling has intersected a new low-grade copper zone, the South zone, on the MacLeod Lake property north of Chibougamau, Que. Extending over a strike length of 500 metres, the South zone dips s…
Equinox’s Van Stone resumes production
Eleven months after completing the purchase of the Van Stone zinc-lead mine in northeastern Washington State, Equinox Resources (TSE) has brought the former producer back into production. Van Stone wa…
U.S.REPORT Production boost helps Hycroft .dVANCOUVER
Results for the year ended Dec. 31 for Hycroft Resources & Development (VSE) improved over the previous year as a result of higher sales and lower writedowns. The company reported a loss of $141,000 f…
Toronto Stock Exchange Metal stocks advance as Hemlo mulls Noranda
Resource giant Noranda was conspicuous during the week ended March 12 as it moved to pare down a potentially crippling $3.9-billion debt load. Confirming speculation that emerged on Toronto’s Bay Stre…
Spot prices at a glance (March 18, 1991)
Week’s Price (US) Change Gold* $365.20 +$ 1.70 Silver* $ 4.06 +$ 0.23 Platinum* $406.50 +$ 8.00 Nickel** 3.90 +$ 0.09 Lead** $ 0.27 Copper*DA $ 1.10 Zinc*DD $ 0.54 -$ 0.01 Courtesy of Scotiabank. Info…
METAL PRICES FREE MARKET (March 18, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date March 12 March 11 March 8 March 7 March 6 Copper 1298-1299 1292-1293 1300-1302 1287-…