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 …
News
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 …
U.S. REPORT Fairbanks, Ventures Trident settle antitrust suit out
An antitrust suit filed under court seal against Fairbanks Gold (TSE) was recently settled before becoming public. The court seal gives companies five business days to resolve a dispute before it beco…
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…
Repadre revises diamond deal
A joint venture covering diamond exploration between Repadre Capital (VSE) and AMPAL in Botswana has been revised to allow Repadre to earn a 50% interest in the venture. Initially, Repadre agreed to …
LETTERS TO THE EDITOR Prescription of new remedy for industry’s
Regarding James Wade’s letter “Diagnosis of exploration’s malaise” (T.N.M., Jun. 24/91), I am prompted to add some comments, having managed the Canadian Exploration Incentive Program (CEIP) for 1989 a…
EDITORIAL PAGE Foreign investments have unusual risks
Within a few short years of Vasco da Gama’s discovery of a sea route to India in 1498, trade between Europe and Asia began on a new level. Silk and precious stones were in high demand, but the most lu…
Noble, Dejour form new junior
Noble Peak Resources (ASE) and Dejour Mines (TSE) have formed a new company to carry out exploration on their jointly held ground within the Rankin- Ennadai greenstone belt. MH Resources, which recen…
On the Level Australia’s Coronation Hill could happen here
Australia even riskier for foreign investment than Ontario? I was shocked to read recently that the government of Australia, a Commonwealth country with many parallels to ours, has ordered a halt to a…
U.S. REPORT Cathedral, Pacific Sentinel plan exploration work
An aggressive exploration program is being planned by Cathedral Gold (TSE) and Pacific Sentinel Gold (VSE) to outline and test targets on mineral properties totalling 300,000 acres near Anchorage, Ala…
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…
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…