OBITUARY (September 23, 1991)
Karl Springer, renowned prospector and aviator, died recently in Toronto. He was 92. As a founding member of the Prospectors and Developers Association of Canada in 1932 and later as one of the group’…
News
Westaurum to buy B.C. copper bets
Under a letter of intent with International Lornex, a private British Columbia company, Westaurum Industries (ASE) will acquire interests in several established copper deposits in northern British Col…
Aur, Louvem seek to minimize dilution building Louvicourt
Partners Aur Resources (TSE) and Societe Miniere Louvem (TSE) expect the capital cost of developing their Louvicourt Twp. massive sulphide deposit east of Val d’Or, Que., to be well over $300 million….
PROFILE (September 23, 1991)
As most miners have shelved their exploration plans during this recession, Crown Resources remains steadfast in its search for gold. Rain or shine, field geologists, who hold stock options in the comp…
Inland Gold looks for new mine
Inland Gold & Silver (NASDAQ), the Washington-based affiliate of Pegasus Gold (TSE), is on the lookout for a new mine to replace its Toiyabe heap leach gold operation near Crescent Valley, Nev. In the…
Copper price shows strength despite Gulf War, slow growth
Copper prices have shown “remarkable resilience” since the beginning of 1991, despite the Persian Gulf War and faltering global economic growth, said London-based investment firm Carr Kitcat & Aitken …
Freewest feasibility looks positive
A feasibility study recently completed on the Holloway project near Matheson, Ont., indicates that the Lightning zone gold deposit could be economically developed based on a 1,650-ton-per-day operatio…
Aur postpones Louvicourt work
Shaft sinking at the Louvicourt Twp. massive sulphide property, east of Val d’Or, Que., is being delayed until partners Aur Resources (TSE) and Societe Miniere Louvem (TSE) complete a feasibility stud…
Fairfield continues drilling on Siwash North prospect
Encouraged by recently returned high-grade gold and silver values, Fairfield Minerals (TSE) plans to continue drilling the Siwash North gold deposit on its 100% owned Elk property into October. The go…
Kingswood plans to drill deep hole
A 3,300-ft. hole designed to test the Phelps Dodge copper-zinc deposit near Matagami, Que., at depth is scheduled to begin by the end of the month, says Kingswood Explorations (ASE). Earning a 100% in…
Deak’s backers show confidence with share purchase
On paper, it sounds like a great idea. You combine the assets of three exploration companies with holdings in an established northern Ontario mining camp. You acquire an aging gold mine and 4,500 ton-…
Alberta Stock Exchange (September 23, 1991)
Trading heavily, Dunfrazier Gold Explorations picked up 10 cents to close at 65 cents during the week ended Sept. 17 as the company concluded a merger deal with Interlock Steel. Interlock, a manufactu…