1991

COATS (over-the-counter): Windy raises funds

Bull market sentiment evident on the major exchanges failed to lift the over-the-counter market out of the doldrums in the week ended Feb. 12. Total weekly volume remained in the 5-million range as in…



Startup problems at Oracle Ridge

Problems with the installation of the ball mill are continuing to delay startup at the Oracle Ridge project near Tucson, Ariz. Oracle Ridge is a partnership between South Atlantic Ventures (VSE) with …


OSC rules out Westfield hearing

A group of Westfield Minerals (TSE) minority shareholders are examining their options now that the Ontario Securities Commission (OSC) has elected not to conduct a hearing into the 1989 sale of Westfi…


Cyprus Minerals writes down assets

Earnings of US$111 million, or US$2.38 per share, were reported by Cyprus Minerals (NYSE) on revenues of US$1.9 billion for 1990. This compares with 1989 restated earnings of US$164.9 million on reven…


Freewest gold discovery ignites a staking rush

A new gold discovery by Freewest Resources (TSE) on its 100% owned Benoit Twp. property in northern Quebec has buoyed the company’s stock and touched off a staking rush. Shares of Freewest rose to a h…


Massive sulphide target drilled on Rock & Roll

Partners Eurus Resource (VSE) and Thios Resources (VSE) have started a $1.5-million program to further evaluate polymetallic volcanogenic massive sulphide mineralization discovered on the Rock& Roll p…



Arizona produces $3-billion worth of minerals

Recently released by the Department of Mines and Mineral Resources, Directory of Active Mines in Arizona — 1991 lists 55 companies, 94 mines and 123 sand-gravel operations. Arizona, the leading nonfu…


PEOPLE YORBEAU RESOURCES

David Crevier appointed chairman; Jean Rainville appointed president succeeding Karl Glackmeyer who remains a director.


Faxed claims focaus of dispute

Two prospectors and their agent are disputing the ownership of 13 claims staked by Gold Fields Mining last October. A hearing has been launched in Thunder Bay, Ont., to investigate the validity of Gol…


EDITORIAL PAGE Push button markets

What’s with the price of gold today? The Berlin Wall tumbles, the Soviet Union tries to turn a new page, oil jumps to US$40 per barrel (for a brief period, anyway) and war breaks out in the Persian Gu…


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