U.S. REPORT (September 02, 1991)
Ongoing delineation drilling and engineering by USMX (NASDAQ) is reported to have nearly doubled minable gold reserves at the Yankee project, 65 miles northwest of Ely, Nev. With proven minable reserv…
News
Four projects account for half of Yukon exploration spending
About $14 million is being spent on mineral exploration in the Yukon this season, according to a mid-season forecast by the Yukon Chamber of Mines. “It’s another very quiet year,” said Rob McIntyre, t…
Grant money to aid research
Almost half of the $2 million in research grants awarded for 1991-92 under the Research Agreements Program of Energy, Mines and Resources Canada (EMR) is earmarked for projects related to mining and m…
Native hiring policies fall short of original goals
For some time now provincial governments and Ottawa have encouraged mining companies to adopt pro-native, pro-northern resident hiring practices. Companies, anxious to win support from local residents…
NEWS IN BRIEF (September 02, 1991)
Ojibway Resources Ltd. (OJB:ME) has changed its name to Consolidated Ojibway Resources Ltd. (COJ:ME) with a consolidation of capital on a 1-new-for-4-old share basis. The transfer agent is Central Gua…
Teddy Bear, Card Lake settle dispute
Teddy Bear Valley Mines (CDN) has reached a settlement with a former director and his company, Card Lake Resources (CDN), over five patented claims in Holloway Twp., Ont. Under the settlement, Teddy B…
Copper, gold across 2,714 ft. — Deep hole returns values for
The first hole of the 1991 drilling program on the Fish Lake deposit owned by Taseko Mines (VSE) and Cominco (TSE) intersected 2,714 ft. from 32 ft. to 2,746 ft. grading 0.37% copper and 0.022 oz. gol…
NEWS ROUNDUP (September 02, 1991)
Junior Orofino Resources (TSE) recently purchased 886,000 shares (a 19.9% interest) in Andaurex Resources (VSE) in a private transaction. No price was disclosed; Andaurex shares were recently trading …
TSE Short Positions (September 02, 1991)
Semi-monthly reports as of August 15, showed 22,502,355 shares of 583 issues compared with 21,418,054 shares of 579 issues on July 31. Larger individual positions included: Amer. Barrick 247,462, down…
BOOKS IN REVIEW (September 02, 1991)
Rocks and Minerals for the Collector: Sudbury to Winnipeg, by Ann Sabina. Published by Geological Survey of Canada. 601 Booth St. Ottawa K1A 0E8. This handy guide depicts the occurrences of minerals, …
Placer Dome options project in N.W.T. from Noble Peak
Vancouver gold miner Placer Dome (TSE) is poised to take a close look at Canada’s second largest Archean greenstone belt after optioning Noble Peak Resources’ (ASE) Southwin gold project in the Northw…
NEWS IN BRIEF; FINANCING
Armenex Resources Canada Ltd – 800 units consisting of 1,750 shs and 1,250 flow through shs offered @ $600,000 per unit. Bradsue Resources Ltd – 600,000 units consisting of 1 sh and 2 wts offered @ 40…