NEWS ROUNDUP (December 09, 1991)
New Legends Metals is commencing exploration on a 295-claim property near Casa Berardi, Que., held by Cross Lake Minerals (VSE) and Glen Auden Resources (TSE). New Legends plans to trace the full exte…
Articles by Northern Miner Staff
NovaGold buying Pine Cove option
Halifax company NovaGold Resources (TSE) has agreed to acquire International Corona’s (TSE) right to earn a 70% stake in the 2,850-hectare Pine Cove gold property in Newfoundland. Since signing an opt…
Westmin reports quarterly loss
A $10.7-million loss was reported by Westmin Resources (TSE) for its 1991 third quarter ended Sept. 30, a sizable increase over the $3.2-million loss reported for the comparable period a year earlier….
MacMillan Gallery to open on GSC’s 150th anniversary
The Pinch mineral collection will settle into its permanent home here in the Viola MacMillan Gallery at the Canadian Museum of Nature in March. The opening will be the culmination of eight years’ effo…
Vancouver Stock Exchange (December 09, 1991)
Both the resource and composite indices finished the week ended Dec. 3 higher. The resource index added more than eight points to close at 516.99, while the composite index finished at 566.35 for a ga…
TORONTO STACK EXCHANGE INDICES
Dec 3 Dec 2 Nov 29 Nov 28 Nov 27 High Low Composite “300” 3453.41 3456.38 3448.51 3436.92 3440.12 4009.47 3009.91 Metals & Minerals 2834.08 2851.27 2846.05 2854.58 2850.03 3453.06 2502.63 Intergrated …
Metall, MIM complete deal
Toronto-based Metall Mining (TSE) has completed the purchase from MIM Holdings of 301,400 A shares and about 3.4 million B (subordinate voting) shares of Teck (TSE), pursuant to a September agreement….
Tyranex hits new zone at Tyranite
Tyranex Gold (CDN) has discovered a second, parallel zone on the northern extension of the former producing Tyranite gold mine in Knight and Tyrell twps., about 12 miles northwest of Gowganda, Ont. Re…
Imperial puts Mount Polley up for auction
Another copper-gold deposit has been put on the block in British Columbia. Imperial Metals (TSE) recently announced it is considering outright vending of 100% of the Mount Polley project northeast of …
Diamond fever hits Yellowknife
Diamond fever has hit the residents of Yellowknife, N.W.T., since Dia Met Minerals (VSE) announced results from its Point Lake kimberlite prospect, 300 km north of the capital city (T.N.M., Nov. 11/91…
TVX to sell High River stake
TVX Gold (TSE) has agreed to sell its 34.1% stake in High River Gold Mines (TSE) to Restech Canada holdings, a subsidiary of Australia’s Restech International. After the share transaction, the Restech…
Toronto Stock Exchange (December 09, 1991)
Inco affiliate Fort Knox Gold roared to a new high of $3.05 on a volume leading 2.1 million shares during the week ended Dec. 3 before trading was halted at the request of The Toronto Stock Exchange. …