1991

Gulf puts Asamera back on the auction block

Even though the company was formally taken off the auction block in May of last year, Asamera Minerals (TSE) is once again being offered for sale by a unit of its parent company, Gulf Canada Resources…


Copper price forecasting difficult

The cash price of cash copper on the London Metal Exchange (LME) went from US$1.34 on Sept. 3, 1990, to US$1.53 Sept. 17, to US$1.26 on Oct. 1, and finally to US$1.07 on Jan. 30, 1991. Furthermore, LM…


Inco debentures

A US$150-million issue of Inco’s (TSE) 25-year debentures, which are being sold in the U.S., will carry an interest coupon of 7.75% per year. The debentures are convertible into common shares of Inco …


Yukon’s oldest prospector keeps active

Prospector Gordon Dickson, 78, pulls a slightly yellowed document from a folder. The date at the top reads 1946. It’s one of Dickson’s first agreements to sell mineral claims at Mount Nansen; the reci…


Busby steps down from juniors

Donald Busby, a well-known promoter and financier, has resigned as a director of International Mahogany (TSE) and Kap Resources (VSE). International Mahogany holds a 70% interest in the Jolu gold mine…


FINANCING (March 25, 1991)

Moraga Resources Ltd. — 1,000,000 units consisting of 1 sh and 1 wt offered @ 74 cents per unit. Golden Eagle Resources Ltd. — 1,500,000 shs offered @ 10 cents per unit.


U.S. REPORT Parklane active in Republic camp

A total of 5,200 acres was recently optioned or staked by Consolidated Parklane Resources (VSE) during its recent land acquisition program in the Republic district of northeastern Washington. The comp…


EDITORIAL B.C. might be ready for a smelter now

There will be big things happening in British Columbia’s mining industry for the rest of this century, big enough to warrant raising the old question of whether the West Coast needs a copper smelter. …


Longold acquires Benoit properties

Vancouver-based Longold Resources (VSE) has acquired two properties in Benoit Twp., Que. where several juniors have recently become active following a recent gold discovery by TSE-listed Freewest Reso…


Rio Algom targeting base metals in new ore search

Toronto-based Rio Algom (TSE) is spending about $20 million this year as part of an aggressive exploration effort to locate new base metal and gold deposits in Canada, says Exploration Vice-President …




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