News


NEWS IN BRIEF Inspiration accepts Minorco offer

Inspiration Resources (TSE) has accepted Minorco’s recent $100-million offer to purchase from Inspiration all of the shares of Hudson Bay Mining & Smelting (TSE). If the deal goes through, it will ena…


Mining begins at Mystic

Profits of US$6 million are expected to be realized by Fischer-Watt Gold (NASDAQ) and a joint venture partner from their recently opened Mystic gold mine north of Phoenix, Ariz. During the next nine …


Drill results from Myra Falls

Ongoing drilling by Westmin Resources (TSE) at its Myra Falls mine property returned two relatively narrow intersections of massive sulphide mineralization. The company is testing a new high-grade ma…


Study suggests overhauling Yukon mining law

Federal Northern Affairs Minister Tom Siddon has accepted a broadly based committee’s suggestions for overhauling legislation governing the Yukon mining industry. But Siddon has given the Yukon Minin…


U.S. REPORT Pegasus to drill Washington bet

Precious metal producer Pegasus Gold (TSE) will complete several thousand feet of drilling on Eagle Lake Explorations’ (ASE) Kelly Hill gold skarn property in Washington, following a joint venture agr…


Name change for La Sarre

Shareholders of Societe d’Exploration Miniere La Sarre (ME) recently voted in favor of a share consolidation and a name change. The company said its shares will be consolidated on the basis of one new…


METAL PRICES PRODUCER PRICES (June 24, 1991)

ALUMINUM: MW U.S. Market US57.50-58.50 cents per lb. (May 30, 1991). ANTIMONY: New York dealer US84-85 cents per lb. (Mar. 14, 1991). BISMUTH: New York dealer US$2.90-3.05 per lb. (May 23, 1991). CAD…


FINANCING (June 24, 1991)

Barkhor Resources Inc. – 1,000,000 units consisting of 1 sh and 2 wts offered @ 47 cents per unit.


U.S. REPORT Rochester drops South Mercur

In late May, Rochester Minerals (VSE) announced it had relinquished all interest in the South Mercur gold project in Utah. The company said attempts to renegotiate the terms of the agreement with the …


American Bullion (June 24, 1991)

A private placement of 200,000 units at 50 cents each with United Mineral Services will net American Bullion Minerals (VSE) $100,000. United is a private firm wholly owned by Robert Dickinson. The uni…


Pezim group dominant in northwestern B.C. activity

The onset of summer means the start of exploration programs in northwestern British Columbia, and once again Murray Pezim’s stable of juniors appear to be the dominant group active in the region. A dr…


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