Pulse drilling in South Carolina
A drilling program recently commenced on the Hinson gold project, about three miles southwest of Jefferson, S.C. Pulse Resources (VSE) can earn a 100% interest in the property by making cash payment…
1991
Inco’s Indonesian subsidiary reports lower revenue, profit
P.T. International Nickel Indonesia, the 58% owned subsidiary of Toronto-based Inco (TSE), recently reported a 48% decline in its first-quarter earnings compared with last year’s levels. P.T. Inco., w…
U.S. REPORT Roby Partnership, Santa Fe boost reserves at Marigold
Drilling continues on the Marigold property in Nevada where the owners, the Roby Partnership (70% interest) and Santa Fe Pacific Minerals (30% interest), have identified several zones. In addition to …
Princeton arranges debenture financing
A private placement of $12 million in convertible debentures was recently completed by Princeton Mining (TSE) through Deacon Barclays de Zoete Wedd. The debentures pay 10% and are convertible into com…
U.S. REPORT Amax Gold output down
A drop in production due to adverse climatic conditions at the Sleeper gold mine in Nevada resulted in lower output and earnings for Amax Gold (TSE). The Colorado company reported first quarter net e…
Thai coal mine study scheduled
A $1-million environmental assessment study is to be undertaken in Thailand by Monenco Consultants in connection with the proposed development of a surface coal mine and power plant. The project will …
Adonos placement
Adonos Resources (VSE), an affiliate of Balck Cliff Mines (TSE), reported arranging a private placement involving a minimum of 800,000 units and a maximum of one million units at $1.25 per unit.
U.S. REPORT Crown makes new gold discovery
Denver-based Crown Resources (VSE) is adding yet another new gold discovery to its already impressive exploration track record. The company recently announced a new find on its Kings Canyon project in…
METAL PRICES FREE MARKET (May 06, 1991)
London Metal Exhange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date April 30 April 29 April 26 April 25 April 24 Copper 1449-1451 1483-148…
Grange looks for partners (May 06, 1991)
A consulting firm was recently hired by Grange Gold (VSE), a junior company looking to investigate possible joint ventures or partnership arrangements for its 50% owned Lovitt Mining. Lovitt owns abou…
Hemlo reports lower earnings
While it reported a slight decrease in first-quarter profits recently, Hemlo Gold (TSE) continues to discuss the possibility of purchasing the gold assets of affiliate Noranda (TSE). If Hemlo was to …
Kingswood bullish on Mattagami bet
Kingswood Exploration (TSE) President Wayne O’Connor is encouraged by results from an 8-hole program on the company’s La Gouchetiere Twp. claims west of Matagami, Que. The Toronto-based company has b…