Varitech uncovers enriched zone
Recent drilling on the Big Onion property near Smithers, B.C., intersected a near-surface enriched copper zone, Varitech Resources (VSE) reported. The company said holes BO-91-1 to 4 of the 1991 phase…
News
Bema step closer to Refugio financing
The appointment of a lead banker and syndication manager brings Bema Gold (TSE) one step closer to arranging financing for its 50% owned Refugio gold project in Chile. Sharps Pixley, the bullion tradi…
NO HEADLINE (September 23, 1991)
QPA delegates look to future The Quebec Prospectors Association (QPA) attracted about 440 delegates to Rouyn-Noranda, Que., this year to its annual convention, theme of which was “Exploring to secure …
Uranerz, Cameco recover more diamonds at Fort
Equal partners Uranerz Exploration and Mining and Cameco (TSE) have recovered 160 diamonds from kimberlites on their Fort a la Corne prospect east of Prince Albert, Sask. Although the average weight o…
Bousquet 2 set to exceed `91 target output by 20,000 oz.
A summer visit to the Bousquet No. 2 gold-copper mine of LAC Minerals (TSE) 25 miles west of Malartic, Que., helped securities firm Midland Walwyn in deciding to issue a “buy” recommendation for the l…
Globex, Hemlo announce assays
Gold values were encountered in five holes drilled this summer at the Duquesne West property in Duparquet Twp., Que., Globex Mining Enterprises (ME) reported. The most significant intersection, the ju…
Eskay deal makes Placer builder, Corona operator
Former rivals International Corona (TSE) and Placer Dome (TSE) have reached an agreement for the joint development of the Eskay Creek gold project north of Stewart, B.C., with a view to bringing the p…
Vancouver Stock Exchange (September 23, 1991)
Gold offered little help to the market during the week ended Sept. 17. Sentiment for the yellow metal remained decidedly negative with many pundits calling for further weakness from the US$345-per-oz….
Leakage detected at Falconbridge
Falconbridge says it expects to lose about 3,500 tonnes of cathode production at its Kidd Creek copper smelter in Timmins, Ont., after a leak was detected in the converting furnace, Sept. 16. Approxim…
FUTURES PRICES (September 23, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Sep 105.30 104.25 104.40 – 2.15 Oct 103.60 102.70 102.70 – 3.05 Nov 102.65 102.00 102.00 …. SILVER (in US cents…
NEWS IN BRIEF (September 23, 1991)
Gonzales Gold Mines Ltd. (GZG:VSE) has changed its transfer agent to Pacific Corporate Trust Co.
Staking allowed in Eskay area
A “no-staking” reserve covering part of the Eskay Creek area in northwestern British Columbia was lifted by the provincial government early in September. The 19,600-hectare reserve was imposed in Apri…