Alberta Stock Exchange (August 26, 1991)
North American Gold was the top trader on the Alberta Stock Exchange for the week ended Aug. 20 with 286,300 shares changing hands. It closed down 38 cents at $3.75, representing more than $1 million …
News
Montreal Exchange (August 26, 1991)
Political troubles in the Soviet Union didn’t sit too well with investors around the world, whose immediate reaction was to get out of the market. In Montreal, the pattern was no different. Both the m…
Newhawk pursues theory of bulk tonnage at Sulphurets
Project operator Newhawk Gold Mines (TSE) released assays for the first three holes drilled on two of five bulk-tonnage copper-gold targets being tested on its 60% owned Sulphurets property north of S…
Echo Bay boosts quarterly earnings
A 5% decline in production costs boosted Echo Bay Mines’ (TSE) second-quarter earnings to US$4.7 million (five cents per share) from US$800,000 (one cent per share) in 1990. The company lowered its av…
Canchrome boosts project tonnage
A new reserve figure has been calculated by Canchrome Mines (ME) for its Reed-Belanger chromite property 10 km south of Thetford Mines, Que. The new figure, 5.5 million tonnes grading 6.63% Cr2O3, is …
Tanqueray strikes deal with Westmin
Under a new agreement with Westmin Resources (TSE), Tanqueray Resources (ASE) has the option to earn a 100% interest in the Little Stull Lake gold project in northeastern Manitoba. Currently, the Calg…
Tenajon acquires Bend gold vein
A 10-hole drill program was recently completed on the Bend vein, a gold exploration target near Stewart, B.C. The vein is located within claims owned by the Summit joint venture held equally by Tenajo…
Prototype trial of mini-drill proves successful at Sigma
The Centre de Recherche Industrielle du Quebec, in co-operation with Atlas Copco, has developed a mini-drill that is innovative in several respects. Designed to meet the requirements of Sigma mine of …
Suntac drilling ups reserves
Drilling results from a further four holes at the Polaris-Taku property in northern British Columbia indicate C-vein reserves will likely be increased. Suntac Minerals (VSE) is earning a 60% interest …
Gold shrugs off Moscow crisis, brief rally stalls
Stock markets reacted negatively and the price of gold was in convulsions following the latest political turmoil in the Soviet Union which saw the reform-minded president, Mikhail Gorbachev, removed f…
Private placement by Cal Graphite
A $3-million private placement involving 750,000 units (shares and warrants) at $4 per unit has been announced by Cal Graphite (VSE). Each unit will consist of one common share and a warrant to purcha…
New Mexican option for Chutine
As part of its strategy to tie up additional ground along the Sonora porphyry copper belt, Chutine Resources (VSE) has agreed to option a 400-hectare property near Moctezuma, Mexico. Under the agreeme…