News In Brief Deltec Resources
Deltec Resources Ltd. (DEC:VSE) has changed its name to Pacific Titan Resource Corp. (PFR:VSE) with a consolidation of capital on a 1-new-for-2-old-share basis. The transfer agent is Pacific Corp. Tru…
News
Defer Eagle River production, feasibility study recommends
Toronto-based Central Crude (TSE) is working on an alternate mining plan for the Eagle River gold project following a recommendation from joint venture partner Hemlo Gold Mines (TSE) that production a…
FINANCING (February 25, 1991)
Pacific Century Explorations Ltd. — 800,000 units consisting of one sh & two wts offered @ 40 cents per unit. Consolidated Ramrod Gold Corporation — 1,300,000 units consisting of one sh & one wt off…
Toronto Stock Exchange Freewest hits new high as market pauses
As investors waited for an announcement on whether the Middle East war will end before the vital ground battle gets underway, share prices continued to drift higher during the week ended Feb. 19. A de…
COATS Mint moves on find
A new gold discovery has created some excitement in Benoit Twp., Que., not far from VSM’s Grevet base metal property. Quick to capitalize on the find, which returned 53.3 ft. grading 0.18 oz. gold per…
News In Brief Four Seasons
Four Seasons Resources Ltd. (FSR:VSE) has changed its name to FSR Industries Inc. with a consolidation of capital on a 1-new-for-32Dold-share basis. The transfer agent is Montreal Trust.
Editorial Political risk in North America
Regulatory requirements that are unclear, difficult to interpret and constantly changing are a form of political risk that is choking off investment in North America’s mineral resources. Political ris…
Metal Prices Spot prices at a glance
Week’s Price (US) Change Gold* $363.75 – $ 3.30 Silver* $ 3.70 – $ 0.02 Platinum* $388.00 + $ 4.75 Nickel** $ 3.98 + $ 0.01 Lead** $ 0.27 0.00 Copper $ 1.13 + $ 0.03 Zinc* $ 0.54 0.00 Courtesy of Scot…
Magnacon gold mine failure means lower Hemlo earnings
Writedowns totalling $17.4 million tarnished an otherwise sterling earnings record at Hemlo Gold Mines (TSE). The company reported net income of $23.6 million (27 cents per share) for the year ended D…
Second drill rig working Freewest’s Benoit showing
A second drill rig has been mobilized by Freewest Resources (TSE) into the company’s 100% owned Lac Pusticamica property in Benoit Twp., Que., where a significant gold discovery was made earlier this …
Bio-oxidation planned Homestake, U.S. Gold team up to develop
A new partnership between Homestake Mining (NYSE)and U.S. Gold (NASDAQ) will provide for further exploration and development of the Tonkin Springs property in the prospective Battle Mountain-Cortez go…
PEOPLE PACIFIC BASIN DEVELOPMENT
Arthur Young, Rafael Hechonova and Mohamed Yusoff appointed directors; Rick Gill appointed secretary.