News

Toronto Stock Exchange Indices (December 30, 1991)

Dec 23 Dec 20 Dec 19 Dec 18 High Low Composite “300” 3378.15 3340.85 3326.09 3332.62 4009.47 3009.91 Metals & Minerals 2771.19 2750.30 2715.90 2720.06 3453.06 2502.63 Intergrated Mines 2968.03 2942.45…


Ariel mines gold vein in Costa Rica

Without attracting much attention in North America, Vancouver junior Ariel Resources (VSE) has successfully operated Costa Rica’s only “substantial” gold producer for the past four years. Situated on …


Recapturing the `lost art’ of narrow vein mining

Narrow vein mining. Something our fathers knew a great deal about but very nearly a lost art today. To help remedy the deficiency, the Quebec Mining Association (QMA) recently sponsored a “narrow vein…


Morrison deal

Morrison Minerals (TSE) reports the completion of the sale of its shares in Aerodat Ltd. to Geonex Ltd. for cash, dividends and shares in Geonex. (Aggregate value of the deal is about $3.75 million.) …


U.S. REPORT (December 23, 1991)

Homestake Mining (NYSE) and Goldstake Explorations (TSE) have suspended work on the Whitewood Creek tailings project in South Dakota until gold prices improve. The project, a 50-40-10 joint venture am…


CSA purchase

CSA Management (TSE) of Toronto recently boosted its beneficial ownership in Goldcorp (TSE) to 14% through the open-market purchase of 9,800 A shares of the latter. Goldcorp is the controlling shareho…


NEWS IN BRIEF (December 23, 1991)

Pan Oceanic Ventures Inc. (PSV:VSE) has changed its name to Falcon Ventures International Corp. (FNV:VSE) with a consolidation of capital on a 1-new-for-8-old-share basis. The transfer agent is Pacifi…



Noranda chopping exploration funds

The mineral exploration arm of Noranda (TSE), Noranda Exploration, plans to reduce its exploration personnel and reduce spending by about one-quarter in 1992. The total exploration budget of Noranda E…


Cambior, Aurizon test zone 20

Most of the current exploration work at the Sleeping Giant mine project north of Amos, Que., is being carried out on zone 20, project partners Aurizon Mines (TSE) and Cambior (TSE), the operator, repo…




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