Commodity index rises slightly (May 13, 1991)
Metals and minerals prices levelled off after dropping for months and the all-commodity price index of Scotiabank rose slightly in March after five straight monthly drops. Both the metals and minerals…
News
Deak expands production plans at Magusi based on new copper zone
Encouraged by recent results at the Magusi zinc-copper property, Deak Resources (TSE) is examining the possibility of incorporating deep copper mining into its current production plan for the site. Th…
Cheni’s isolation, severe winters make transportation a major cost
At Cheni Gold Mines’ (TSE) Lawyers mine in northern British Columbia, transporting crew and goods on to and from the site can translate into hefty dollar costs. Company president Paul Savoy said worki…
IOCC GOLD OPTIONS (May 13, 1991)
Options Open Series Volume Last Interest Aug 370 C 2 7.00 3 May 390 P 10 6.30 140 …
PROFILE Robert Stairs showcases New Brunswick’s deposits
Throughout Canada, few mineral deposits were successfully developed in the past two years. New Brunswick’s Bathurst camp, however, boasts two profitable new mines. Since they started or resumed operat…
Westmin Myra Falls drilling hits massive sulphides
Recent drilling by Westmin Resources (TSE) at its Myra Falls operation near Campbell River, B.C., returned a massive sulphide intersection in a gap area between the Ridge and H-W zones. The Myra Falls…
GOLD FUNDS (May 13, 1991)
Gold funds as of May 7 BGR Central Net Value $8.67 $4.99 Price $7.50 $4.550 Discount 13.49% 8.8% Value $51,622,490 $76,55…
Unlisted Trading Willingdon drilling
News that Willingdon Resources will resume drilling at its Sioux Narrows property near Kenora, Ont., generated a flurry of trading activity. More than 1.2 million shares changed hands for the week end…
NEWS IN BRIEF Brican Resources
Brican Resources Ltd. (BRI:VSE) has changed its name to International Brican Resources Ltd. (IBR:VSE) with a consolidation of capital of one new share for three old shares. The transfer agent is Montr…
Minorca cuts wide sulphide at Nicobi
Val d’Or, Que.-based Minorca Resources (VSE) has intersected a wide sulphide zone on its Nicobi Lake base metal property in Le Tac Twp., Que. Although assays are pending, the company says the zone, me…
Quebec extends tax incentives for exploration
The Quebec government has decided to extend, for another two years, special flow-through-share tax incentives related to exploration work incurred by mining companies in the province. Finance Minister…
U.S. REPORT Related juniors report exploration results
Two associated juniors, U.S. Precious Metals (NASDAQ) and Centurion Gold (NASDAQ), reported encouraging exploration results from their respective gold projects in Nevada and California. The companies…