Spot prices at a glance (December 30, 1991)
Week’s Price (US) Change Gold* $359.40 + $1.90 Silver* $ 3.90 + $0.01 Platinum*$339.85 – $8.90 Nickel** $ 3.25 + $0.01 Lead** $ 0.25 + $0.01 Copper $ 0.98 $0.00 Zinc $ 0.53 + $0.01 Courtesy of Scotiab…
News
Goldbar adds to strike length at Glover Island gold prospect
The latest results from the Glover Island property in western Newfoundland indicate that the Kettle Pond South gold zone stretches for at least 300 ft. along strike. Stepout holes KPS-3 to KPS-5, desi…
PRODUCER PRICES (December 30, 1991)
ALUMINUM: MW U.S. market US50.00-50.75 cents per lb. (Dec. 12, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CAD…
St Andrew halts bond payments
Toronto-based St Andrew Goldfields (TSE) is suspending interest payments on $9.8-million worth of 5.75% Swiss convertible bonds, after reaching an agreement with bondholders recently. At a meeting in …
Phelps Dodge, Canyon report find
Partners Phelps Dodge (NYSE) and Canyon Resources (NASDAQ) recently initiated metallurgical, engineering and environmental studies to evaluate the economic potential of a significant gold discovery ma…
Cluff raises cash for Ghanian mine; Gold Reserve in Venezuela
Gold Reserve (NASDAQ) says it is forming a Venezuelan subsidiary, Unicorn Mining, to mine for diamonds and gold. On behalf of Unicorn, Gold Reserve has purchased a Venezuelan company with mining equip…
Home Lake allows claims to expire
Home Lake Resources (CDN) will cease exploration on its two properties in Ontario and Quebec, after recent work failed to turn up any significant mineralization. At the Powell Lake property, 130 km we…
Financing (December 30, 1991)
Canadian Comstock Exploration Ltd – 175,000 flow-through shs offered @ 45 cents, also 325,000 non-flow-through shs offered @ 45 cents per sh.
Alberta Stock Exchange (December 30, 1991)
Reports that shareholders approved an amalgamation of Bay Resources and Services with three other companies sent the stock down 3 cents to 2 cents during the week ended Dec. 23. The newly amalgamated …
NEWS ROUNDUP (December 30, 1991)
Vancouver-based Athabaska Gold Resources (TSE) has obtained financing to acquire from Chevron Minerals the 40% interest it doesn’t already own in the Nicholas Lake gold project in the Northwest Territ…
NEWS IN BRIEF (December 30, 1991)
Ticker Tape Resources Ltd. (TKT:VSE) has changed its name to International Ticker Tape Resources Ltd. (ITR:VSE) with a consolidation of capital on a 1-new-for-3.7-old-share basis. The transfer agent i…
Plaster Rock work to continue
The first phase of drilling on NovaGold Resources’ (TSE) Sewell Brook project near Plaster Rock, N.B., failed to uncover any significant mineralization, but did help to pinpoint alteration zones that …