GOLD FUNDS (June 24, 1991)
BGR Central Net Value $8.97 $5.33 Price $7.75 $4.950 Discount 13.60% 7.1% Value $53,423,024 $83,280,285…
1991
Strike ends at Faro lead-zinc mine
The 400 union members employed by Curragh Resources’ (TSE) Faro lead-zinc mine in the Yukon have ratified an agreement to end a 10-week strike at the open pit operation. The 3-year deal includes a wa…
NEWS IN BRIEF Cominco sells smelter interest
Base metal giant Cominco (TSE) recently sold its 45% interest in Mitsubishi Cominco Smelting to Japanese firm, Mitsubishi Materials Corp. Mitsubishi Cominco was formed in 1965 with the objective of s…
Cogema options Beekeeper
A recent joint venture agreement allows Cogema Canada to earn a 50.2% interest in Eastfield Resources’ (VSE) Beekeeper property, an early stage copper-gold prospect in north-central British Columbia. …
NEWS IN BRIEF Drill turning on Isle Dieu claims
Partners Northern Abitibi Mining (ASE) and Hixon Gold Resources (VSE) have started drilling on the Isle Dieu property, about 9.3 miles from the Mattagami Lake mill in northern Quebec. The first phase …
Willingdon drilling
Drilling will resume on the Sioux Narrows property near Kenora, Ont., where Willingdon Resources (CDN) intersected a 1-ft. width grading 1.4 oz. gold per ton last year. The program is designed to con…
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…
Sutton expands Tanzanian holdings
Already the owner of a large nickel deposit in western Tanzania, Sutton Resources (VSE) recently signed an agreement with the government of Tanzania which, if completed, would give the company explora…
Eurus options Columbia’s spectrum
A recently completed agreement between Eurus Resources (VSE) and Columbia Gold Mines (VSE) will allow Eurus to earn a 50% interest in Columbia’s Spectrum/Hawk property in return for a total of $8 mill…
Toronto Stock Exchange Equinox, LAC advance on Rosebud intersection
The fact that financier Sir James Goldsmith has parked 28 million shares of Newmont Mining in a Vancouver-listed investment firm known as General Oriental Investments finally came to light during the …
PEOPLE MONTORO RESOURCES
Wei Lew appointed president and director; Robert Downes appointed director.
Program planned for Bonanza Dome
An exploration program is being planned by Freegold Recovery (VSE) for its Bonanza Dome gold project, 115 road miles northeast of Fairbanks, Alaska. The company said this year’s program will include …