Equity markets had a rocky ride during the week ended Jan. 22 as gold and oil prices gyrated in response to the troubling events unfolding in the Persian Gulf war. During the war’s first week, investo…
Toronto-based Tintana Mines (TSE) has signed an agreement with the G.S.W. Bruce grubstake to acquire a 100% interest in 77 gold claims owned by the latter in English and Zavitz twps., near Timmins, On…
Juniors Flanagan McAdam Resources (TSE) and Muscocho Explorations (TSE) may yet be saved from the jaws of bankruptcy by the Magnacon and Magino gold projects. Belmoral Mines (TSE), making progress on …
The Vancouver Stock Exchange’s Composite Index dipped below the 500 level over the period ended Jan. 22, 1991, touching down at 499.2 for yet another record low. The Resources Index followed suit, plu…
After outlining a reserve of about 300,000 tons grading 0.21 oz. gold per ton and defining a number of other exploration targets, X-Cal Resources (TSE) optioned its Snowbird property near Fort St. Jam…
As promised, Trimin Resources (TSE) announced a formal offer to buy up to 2.2 million of its common shares at a price of $2 per share. The buyback had been stalled by two securities commissions pendin…
Gold failed to regain its shine as war in the Persian Gulf entered its second week. Shaken by a US$19.50 overnight drop in the gold price as United Nations forces took their first run at Iraq, investo…
Scominex, a Nova Scotian joint venture made up of Inco (TSE), government-owned Nova Scotia Resources and Husky Oil, is seeking a buyer for its gold property in the central Cape Breton Highlands, N.S. …
In a move to buy time from creditors, Bunker Hill Mining (TSE) has filed for protection under Chapter 11 of the U.S. Bankruptcy Code. Alan Richardson, president, said the company made the move as a re…
New Venture Equities and Corona Minerals, both units of Corona (TSE), say they have sold 1.32 million shares in Wharf Resources (TSE). In a filing with the U.S. Securities and Exchange Commission, the…
Edwin Warren, president of Assayers (Ont.) Ltd., died recently in Toronto. He was 73. Warren graduated from the University of Toronto in 1944 in chemistry and mineralogy. He worked for Alcan, both in …
Thunderwood Resources (TSE) director William Vaughan recently sold a considerable portion of his interest in the Toronto-based gold and base metal explorer. According to the Ontario Securities Commiss…
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