Latest Paymaster results mixed
The latest underground drilling at the Paymaster gold project near Timmins, Ont., has returned mixed results for partners American Reserve Mining (ME) and Placer Dome (TSE). Hole 6035 hit a short mine…
News
Alberta Stock Exchange Kingswood active (July 22, 1991)
As drillers moved on to its 133-claim property in La Gauchetierre Twp., Que., during the week ended July 16, Kingswood Explorations bounced up five cents to 18 cents. Noranda, earning a 75% interest i…
Spot prices at a glance (July 22, 1991)
Week’s Price (US) Change Gold* $369.20 – $ 1.00 Silver* $ 4.40 – $ 0.08 Platinum* $380.00 – $ 2.90 Nickel** $ 3.91 – $ 0.13 Lead** $ 0.25 $ 0.00 Copper{ $ 1.00 – $ 0.01 Zinc{{ $ 0.48 $ 0.00 Courtesy o…
Akiko-Lori’s suit dismissed
In early July, the British Columbia Supreme Court dismissed a lawsuit initiated by Akiko-Lori Gold Resources (VSE) against Ecstall Mining (VSE) relating to the Forgold property in northwestern British…
LETTERS TO THE EDITOR Ontario’s gold camps revisited
I am working on a book titled Gold in Ontario and would like to call on your readers for their help. The book will cover the historical growth of all of the gold camps in the province from Hastings Ct…
U.S. REPORT Castle Mountain near startup date
The Castle Mountain gold project is on schedule and on budget, with owner Viceroy Resources (TSE) anticipating startup as planned in January, 1992. It’s been a long haul for the Vancouver-based junior…
Yukon welcomes start of operations at lead-zinc mine
Mining may not be welcome in some parts of Canada these days, but this doesn’t appear to be the case in and around Watson Lake, Yukon, where partners Curragh Resources (TSE) and Hillsborough Resources…
GOLD FUNDS (July 15, 1991)
Gold funds as of July 09 BGR Central Net Value $9.48 $5.34 Price $8.50 $5.000 Discount 10.34% 6.4% Value $56,439,063 $84,…
Noranda seeks Heath Steele backing
The recent 10-month-long strike at the Brunswick zinc-lead mine near Bathurst, N.B., has forced Noranda (TSE) and 67% owned affiliate Brunswick Mining & Smelting (TSE) to look for help in expanding it…
Silver price won’t give in
The price of silver, which in early June received a boost from a bullish report by The Silver Institute of Washington, D.C., continues to trade well in New York. Spot price of the precious metal on t…
Repadre revises diamond deal
A joint venture covering diamond exploration between Repadre Capital (VSE) and AMPAL in Botswana has been revised to allow Repadre to earn a 50% interest in the venture. Initially, Repadre agreed to …
LETTERS TO THE EDITOR Prescription of new remedy for industry’s
Regarding James Wade’s letter “Diagnosis of exploration’s malaise” (T.N.M., Jun. 24/91), I am prompted to add some comments, having managed the Canadian Exploration Incentive Program (CEIP) for 1989 a…