NEWS IN BRIEF (July 29, 1991)
Massif Minerals Corp. (MSF:VSE) has changed its name to World Wide Oil & Gas Inc. The new company has no further interest in mineral mining.
News
EDITORIAL PAGE (July 29, 1991)
In Watson Lake, Yukon, mining is not the dirty word it seems to be in some of the more isolated ivory towers of this country. The community of 1,800 is happy to be the base for a new lead-zinc mine ex…
Financing (July 29, 1991)
Omax Resources Ltd. – 500,000 shs offered @ 50 cents per sh. Tombstone Explorations Co. Ltd. – 800,000 units consisting of 1 sh and 2 series “A” purch wts offered @ 45 cents per unit Jordex Resources …
Vendors, operators battle over NPI royalties
The confusion surrounding net profits royalties (NPIs) and their definition is resurfacing once again, this time in the form of a dispute between American Barrick Resources (TSE) and part-time prospec…
Dynatec, Redpath pioneer latest shaft-sinking innovations
If there was a market for used mine shafts, Canada would surely be one of the world’s principal suppliers. About 95% of the shafts would be rectangular with most of the remainder square. The term “squ…
Spot prices at a glance (July 29, 1991)
Week’s Price (US) Change Gold* $367.00 -$ 2.20 Silver* $4.23 -$ 0.17 Platinum* $374.25 -$ 5.75 Nickel** $3.75 -$ 0.16 Lead** $0.25 $ 0.00 Copper $1.00 $ 0.00 Zinc $0.48 $ 0.00 Courtesy of Scotiabank. …
Redfern placement with Comstate
Vancouver-based Redfern Resources (TSE) has agreed, subject to regulatory approval, to issue 26,316 shares at $3.80 each to Calgary exploration company Comstate Resources (TSE). Redfern said it expect…
Spectrum stepout cuts 30-ft. zone with coarse gold
Assay results are expected shortly from a recent hole drilled on the Spectrum property which returned a 15-ft. interval containing coarse-grained visible gold. The current work program is being funded…
Falco Gold closes asset purchase
In exchange for a debt-equity package worth about $11 million, Falconbridge Gold (TSE) has acquired its parent’s African gold assets and has an option to purchase all of Falconbridge’s gold properties…
Drilling starts at Copper Canyon
Before starting follow-up drilling on the Copper Canyon project in northwestern British Columbia, Consolidated Rhodes Resources (VSE) will conduct a $100,000 program of trenching, mapping and addition…
Silver Butte, American Fibre get mixed results from SIB
The best hole of nine recently drilled on the SIB claims in the Eskay Creek region of northwest British Columbia returned a 9.8-ft. intersection grading 0.23 oz. gold and 54.9 oz. silver per ton from …
Toronto Stock Exchange Indices (July 29, 1991)
July 23 July 22 July19 July 18 July 17 High Low Composite”300″ 3535.37 3545.38 3561.30 3561.19 3541.83 4009.47 3009.91 Metals & Minerals3217.36 3258.41 3276.94 3299.99 3251.53 3453.06 2502.63 Integrat…