Royalstar to sell 2.9 million shares
Royalstar Resources (VSE) says it has reached agreement-in-principle with Credit Lyonaisse Lang of the United Kingdom whereby the latter will act as agent in the sale of 2.9 million Royalstar shares a…
News
Gold found in Southern England
Southern England, hardly a hotbed of mineral exploration, has recently stirred the interest of the British Geological Survey’s (BGS) minerals group. After students submitted gold-bearing soil samples …
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.
Gold Funds (December 30, 1991)
BGR Central Net Value $8.13 $5.00 Price $7.50 $4.500 Discount 7.74% 10.0 Value $48,403,000 $75,709,350…
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…
Encouraging values on Goldfield ground
Joint venture partners Sutton Resource (VSE) and Crown Resources (VSE) intersected a number of gold values during a recent drilling program on the Goldfield project in Nevada. The results included a 6…
Mt. Milligan decision delayed
It could be a month or more before Placer Dome (TSE) announces a decision on whether it will proceed with mine development at the Mt. Milligan gold-copper project north of Prince George, B.C. The comp…
Canadian Mining Hall of Fame inducts eight
The names of the eight individuals who will be inducted Jan. 6 into The Canadian Mining Hall of Fame were announced recently by the Hall’s board of directors. The eight inductees were chosen from a no…
TSE Short Positions (December 30, 1991)
Semi-monthly reports as of December 15, showed 21,116,306 issues compared with 20,784,137 shares of 596 issues on November 30. Larger individual positions included: Amax Gold 252,800, up 37,100; Amer….
Second man faces insider charges
The son of an employee of Cambior (TSE) has had insider charges filed against him by the Quebec Securities Commission (QSC). The charges against Donald Ouellet relate to alleged use of insider informa…
Crown Butte ups gold content at 100% owned New World
An updated preliminary reserve estimate was released by Crown Butte Resources (TSE) for its 100% owned New World gold-silver-copper project in Park Cty., Mont. The advanced project is being explored a…
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…