Nova-Cogesco gets shareholder nod
Shareholders of Nova-Cogesco Resources (ME) voted at a recent meeting in Montreal in favor of the sale of their company’s 20% interest in the Silidor gold mine just outside of Rouyn-Noranda, Que. Camb…
News
Anglesey’s plans for Parys Mountain holds historical significance
If Anglesey Mining and parent company, Imperial Metals (TSE), are successful with plans to bring on stream the Parys Mountain project in North Wales, it will become the first base metal mine of its ty…
Toronto Stock Exchange Prices mixed as market counts down to
If this week’s trading activity is any indication, the markets are in for a rough ride during the rest of 1991. In the period ended Jan. 15, the composite 300 index posted five successive losing sessi…
Grasberg boasts largest global gold reserve
An American company is claiming its Grasberg open pit mine in Indonesia has the largest published gold reserves of any of the world’s single operating mines. Freeport-McMoRan Gold (NYSE) recently anno…
Regal acquires claims covering Kirkland Lake diamond prospect
Toronto-based Regal Goldfields (COATS) has picked up nine claims covering a diamond-bearing kimberlite pipe 20 km northeast of Kirkland Lake, Ont. Discovered by LAC Minerals (TSE) in 1984, the pipe yi…
COATS (over-the-counter) Trial date set
Rivals Card Lake Resources and Teddy Bear Valley Mines will meet in court on Sept. 3 to settle a property dispute over Card Lake’s 5-claim property near Matheson, Ont., says Teddy Bear. Until then, Ca…
Greenland seeks to attract exploration
Faced with the recent closure of its only remaining metal mines, and a slump in both its fishing and oil sectors, Danish government authorities are attempting to increase exploration activity in Green…
Greenstone extends gold zone on Panama property
The first two holes drilled by Greenstone Resources (TSE) on the company’s 49% owned Santa Rosa gold property in Panama have intersected encouraging results including 249 ft. grading 0.12 oz. gold per…
WGM wins contract with Zambian firm
Toronto-based consulting firm Watts, Griffis and McOuat has signed a contract with Zambia Consolidated Copper Mines to review the exploration potential in that African nation. The work is part of a pr…
PROFILE John McOuat sells Canadian know-how worldwide
From Alaska to Sri Lanka and from Greenland to Bolivia there are projects with which Toronto- based consulting firm Watts, Griffis and McOuat (WGM) is involved. Recently it signed a contract with the …
Alberta Stock Exchange Volumes lacklustre (January 21, 1991)
Volumes were lighter than usual during the week ended Jan. 15 as investors remained fearful of war in the Persian Gulf following Iraq’s failure to comply with a United Nations ultimatum calling for it…
Gwen raises stake in Holloway claims
Edmonton-based Gwen Resources (ASE) has increased its interest to 50% from 25% in a group of 101 gold claims situated in Holloway and Marriot twps., near Matheson, Ont. The remaining half interest in …