FINANCING (May 13, 1991)
Gagan Gold Corp. — 600,000 shares offered @ 50 cents per share. Idaho Consolidated Metals Corp. — 750,000 units consisting of 1 sh & 1 wt offered @ 55 cents per unit. Golden Ring Resources Inc. –…
News
FUTURES PRICES (May 13, 1991)
N.Y. Commodity Exchange High Low Close Week’s Change COPPER (HG) (in US cents per lb.) May 103.70 102.70 102.90 — 3.00 Jun 102.70 102.70 102.70 — 3.00 Jul …
Equity devising new solutions to problems of mine closure
Equity Silver’s (TSE) 1992 projected mine closure has driven home the environmental cost of doing business as the long-term effects of acid rock drainage are hitting the northern British Columbia mine…
Alberta Stock Exchange Carlin in option deal
Recently entering into a joint venture agreement for the exploration and development of gold property in Oregon was Carlin Gold, which gained a penny to 35 cents on 22,000 shares for the week ended Ma…
Snip adept at juggling logistics of operating in rugged northern B.
The new Snip gold mine operated of Cominco (TSE) in the Iskut River camp of northwestern British Columbia is a case study in juggling the logistics of an isolated location. It’s a fly-in, fly-out situ…
Spot prices at a glance (May 13, 1991)
Price (US) Week’s Change Gold* $356.40 + $ 0.15 Silver* $ 4.03 + $ 0.06 Platinum* $393.50 — $ 0.75 Nickel** $ 4.01 — $ 0.09 Lead** $ 0…
U.S. REPORT Adonos options Colorado prospect
An option to earn a 50% interest in a 20-claim polymetallic property at Idaho Springs, Colo., by spending $1 million has been acquired by Adonos Resources (VSE) from Franklin Consolidated Mining (NASD…
Going underground challenges Princeton
New operating and environmental constraints were imposed on Princeton Mining (TSE) during the recent change to underground mining of the McDame asbestos deposit from its traditional open-pit operation…
PEOPLE PBX RESOURCES
Victor Bradley appointed chairman and director; Gerald Rafetdeder appointed president and director; John Rochard appointed vice-president and director; Manfred Dubsky appointed vice-president, Europea…
PEOPLE RINSEY MINES
Arthur Halleran elected director and secretary succeeding Carl Schepannek who resigned.
PEOPLE QUATTRO RESOURCES (May 13, 1991)
Gerald Appel appointed secretary succeeding Steven Rosner who resigned.
Echo Bay develops historic gold producer
Like most projects being explored or developed in the Juneau gold belt of southeast Alaska, the Kensington gold project has historical roots going back before the turn of the century. At that time pro…