High copper values from Cerattepe
The 1991 drilling program by Cominco Resources International (TSE) on its 100% owned Cerattepe property in northeastern Turkey is reportedly increasing the known extent of high-grade copper mineraliza…
News
El Condor raises funds for work on Kemess development program
In order to finance what is being touted as “Canada’s largest development program,” El Condor Resources (VSE) recently completed an 800,000-unit financing for ongoing exploration of the Kemess copper-…
Shareholders approve Tenajon merger
Shareholders of Tenajon Resources (VSE) and Royal Scot Resources (VSE) recently approved a proposal to merge the two companies. The amalgamation is still subject to final regulatory and court approval…
Vera Cruz financing cancelled
Junior exploration company Vera Cruz Minerals (VSE) reported in early July that a previously announced brokered private placement with Haywood Securities had been cancelled. The placement was for 400,…
Arimathaea buys 15% stake in Australian holding company
Toronto-based Arimathaea Resources (TSE) has acquired a 14.74% stake in Mid-East Minerals Ltd. of Western Australia and can increase its interest to 19.9% if the Australian Foreign Investment Review B…
Yukon natives negotiate claims
The Council for Yukon Indians, Na-cho Ny’a’k Dun First Nation, the Yukon government and the federal Department of Indian Affairs and Northern Development recently completed negotiations on the princip…
Gold Funds (July 29, 1991)
BGR Central Net Value $9.63 $5.37 Price $8.38 $5.000 Discount 13.02% 6.9% Value $57,329,720 $84,121,500…
U.S. REPORT (July 29, 1991)
Acting upon the advice of its financial advisers, Fairbanks Gold (VSE) has entered exclusive negotiations with an unnamed major mining company for the purchase of all Fairbanks’ issued shares. Fairban…
Renabie closing looms closer
Mining operations at the Renabie gold mine near Wawa, Ont., will cease permanently as early as Aug. 4 and no later than Sept. 30, says Renabie Gold Mines, a subsidiary of International Corona (TSE). A…
IOCC Gold Options (July 29, 1991)
Options Open Series Volume Last Interest The New York closing gold price was $367.60 per oz. Last quotations for gold options traded in Montreal and Vancouver as provided at the close of trading each …
Firm nickel price cited for Timmins Nickel’s strength
Investor interest in shares of Timmins Nickel (TSE) recently drove the issue to a high for the year of $1.38 compared with its low of 42 cents. President Stephen McIntyre attributed the share activity…
Agreement signed on Andacollo
A unit of Placer Dome (TSE) recently concluded an agreement with a Chilean government mining corporation for evaluation and possible development of the Andacollo copper deposit in northern Chile. The …