Robex, Bateman in option deal
An option to earn a 25% interest in property in Roy and Mckenzie twps. in the Chibougamau area of Quebec has been acquired by Ressources Robex (ME) from Bateman Bay Mining (ME). To earn its interest, …
1991
Salmo venture land package grows
Proceeds from a recent private placement agreement will be used by the Salmo joint venture to further explore the Katie copper-gold property and newly acquired claim blocks surrounding the Katie prope…
Kingswood to buy out private firm
Kingswood Explorations (ASE) has offered to purchase all of the issued and outstanding shares of Fort Rupert Resources (a private company). Under the offer, which is subject to regulatory approval, ea…
Jonpol obtains Garrison funding
Toronto-based junior Jonpol Explorations (TSE) recently raised $150,000 for exploration on its Garrison Twp. joint venture with T&H Resources (TSE) by way of a private placement of 375,000 treasury sh…
Rights offering for Great Lakes
In order to raise money for its copper project in Michigan, Great Lakes Minerals (TSE) is offering shareholders one right for every share held as of Nov. 19. With five rights and 50 cents, shareholder…
Royal Oak stakes at Shining Tree
Royal Oak Mines (TSE) has staked 123 claims in the Shining Tree area of northeastern Ontario following Fort Knox Gold Resources’ (TSE) discovery of ore-grade nickel and copper mineralization on its pr…
Coins reducing silver stockpile
The silver stockpile of the U.S. defence department has been reduced by 41% through U.S. Mint coinage programs since the Mint began drawing from the stockpile in 1986, The Silver Institute of Washingt…
Stratmin plant at full throttle
Full production at the St-Aime-du-Lac-des-Iles graphite concentrator north of Montreal will resume Nov. 25 after having been operated on a part-time basis since April, Stratmin Graphite, a 75% owned s…
Pre-concentration method could reduce Sikaman costs
A 3-year extension was recently given to Sikaman Gold (TSE) on its option to bring the Snow Lake tailings project into production after tests showed that an alternative pre-concentration method could …
Kowalski launches Founder Resources
Former Metalore Resources (TSE) geologist Barbara Kowalski has successfully launched a new junior exploration company with a mandate to develop three claim groups near Beardmore in northern Ontario. S…
Unlisted Trading (November 18, 1991)
The results of a bulk-sampling program on Swansea Gold Mines placer property near Wisdom, Mont., indicate that the gold-bearing material has an average recovery of 0.055 oz. gold per cu. yd. The resul…
Cambior reports higher gold output
Higher output was reported by Cambior (TSE) for the third quarter of 1991 but net earnings decreased. The gold producer attributed the earnings dip to a large drop in the net selling price for gold du…