U.S. REPORT (October 21, 1991)
Despite its success with the Crown Jewel and Kettle River projects in northeastern Washington state, Crown Resources (VSE) does not appear willing to rest on its laurels. Crown is actively searching f…
News
FUTURES PRICES (October 21, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 105.95 104.80 105.60 – 2.40 Nov 105.15 104.30 105.00 – 2.00 Dec 104.50 102.80 104.10 – 1.90 SILVER (in US cen…
Granges continues drilling Unuk River
Three of five recent holes drilled by Granges (TSE) on its 50% owned Unuk River project in northwestern British Columbia failed to return any significant gold or silver values. The project, in the Esk…
Gap zone drilling returns high grades
Stepout drilling by Westmin Resources (TSE) has returned another spectacular intersection from the Gap zone on the company’s Myra Falls mine property near Campbell River, B.C. Assays are expected shor…
Unlisted Trading (October 14, 1991)
Trouble is brewing in the boardroom of Teddy Bear Valley Mines, following recent allegations by former director Paul Zyla. Zyla, who has initiated legal proceedings against the company and Chairman Ro…
Alberta Stock Exchange (October 14, 1991)
The market reacted strongly to assays released from Takla Star Resources’ AOK property in northern British Columbia, sending the stock down 35 cents to 20 cents during the week ended Oct. 8. Takla say…
Test milling planned for Tillicum
A recent agreement between Columbia Gold Mines (VSE) and the Goldstream mine joint venture will provide for test milling and concentrating of gold reserves from Columbia’s Tillicum property near Burto…
U.S. REPORT (October 14, 1991)
With the first phase of this year’s drilling now complete, partners Arizona Star (VSE) and Glamis Gold (TSE) expect to start a second-phase program shortly on the Imperial County joint venture in sout…
Galactic selling 48% stake in Ridgeway mine
In a move to clean up its balance sheet, Galactic Resources (TSE) has entered into an option agreement to sell its 48% interest in the Ridgeway open pit gold mine in South Carolina to Placer Dome (TSE…
SOQUEM signs option deals with a pair of Quebec juniors
The mining exploration arm of the Quebec government, SOQUEM, recently made a number of property deals and financings with Quebec juniors. North of Schefferville, SOQUEM may earn (subject to the necess…
Audrey raising $40 million for Mobrun
Audrey Resources (TSE) is taking steps to obtain the $40 million it needs to repay debt and finance development of the Mobrun polymetallic mine near Rouyn-Noranda, Que., over the next three years. Rec…
Eden Roc expects production from Ivory Coast before ’92
Eden Roc Minerals (ASE), the 67% owned subsidiary of Marshall Minerals (TSE), is preparing to bring its Ivory Coast, West Africa, gold project into production after securing $5.3 million in loans and …