Drill program on Katie claims
Preparations for a 5,000-ft. drill program are now in progress on the Katie property, a porphyry copper-gold prospect owned by Yellowjacket Resources (VSE) near Salmo, B.C. The program is being carri…
News
Wilanour seeking second opinion
Directors of Wilanour Resources (TSE) have elected to hire an independent consultant to determine whether the old Cochenour gold mine near Red Lake, Ont., should be brought back into production. Unhap…
U.S. REPORT Van Stone mine reopened Equinox Res. breathes new
The reopening of the Van Stone mine is a welcome event to local residents who depend primarily on the flagging logging industry for employment. Of the 75 employees at the mine, almost all were hired l…
U.S. REPORT Glamis purchases DRX properties
A block of 54 claims in the Randsburg district of southern California was recently purchased by Glamis Gold (TSE) from DRX Resources (NASDAQ). Glamis paid DRX US$200,000 for the claims and plans to u…
Alberta Stock Exchange Perrex plummets
Taking a big hit on the market for the week ended July 2 was Perrex Resources. Trading over four million shares, the junior gold explorer lost three quarters of its value to close at one penny. Althou…
Unlisted Trading Canmine in Mexico
Following the southerly migration of exploration dollars, Canmine Resources has agreed to acquire a 100% interest in the San Antonio silver property in the province of Chihuahua, Mexico. In exchange …
PROFILE Peter Holmes advances Chutine in Mexico
Interest in Mexico’s mineral deposits has surged recently after the country announced its decision to allow 100% foreign ownership of local companies for up to 12 years. The prospect of free trade amo…
Montreal Exchange Casa Berardi drilling (July 08, 1991)
Trading volumes struggled but the market turned positive during the holiday-shortened week ended July 2. The mining and minerals index jumped by 33.7 points and the market portfolio moved ahead by 5.8…
Cambior commits $3.6 million for work on Aurizon project
Encouraged by recent results at Aurizon Mines’ (TSE) Sleeping Giant gold property north of Amos, Que., Cambior (TSE) is committed to spending $3.6 million on underground exploration. In a bid to dete…
NEWS IN BRIEF Dynatec, Northfield unite at Cheminis
In return for an option to purchase shares of Northfield Minerals (ASE), Dynatec Mining has agreed to develop and mine above the 695-ft. level at the Cheminis site near Virginiatown, Ont. The option,…
Feasibility done on Sphinx project (July 08, 1991)
A feasibility study carried out on the Duvay heap leach gold project north of Amos, Que., concludes that total costs would be $10.43 per ton, Societe Miniere Sphinx (VSE) reported. Direct recovery co…
Nickel enters new phase in 1991
This year could mark the beginning of a new phase for nickel after the record price levels and supply shortfalls of recent years, according to Nickel 1991, a report from market analyst Roskill of Lond…