1991

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…


Prime Equities gains Lorica position

The acquisition of 637,500 escrow shares of Lorica Resources (VSE) by Prime Equities (VSE) from former Lorica management has resulted in Prime taking over control of the company. Prime paid 5*CS each …


Colomac mine to close down

The performance of the Colomac gold mine in the Northwest Territories continues to improve as the remote open pit operation uses up remaining fuel supplies purchased by owner NorthWest Gold (TSE). Nor…


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…



SUPPLIERS’ NOTES (May 03, 1991)

The Ontario Mine Contractors Safety Association recently appointed the following to its 1991-1992 executive: (Back row, left to right) Dan Sweeney (MacIsaac Mining & Tunnelling), Ron Dion (J.S. Redpat…


A FALCO VETERAN AT THE HELM

Not long ago Frank Pickard, the new president of Falconbridge, calculated the odds were slim that he could land the presidency at the base metal mining company. The owners, Noranda Inc. and Trelleborg…



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