PROFILE (November 04, 1991)
In recent decades, the University of Toronto has produced some of Canada’s leading geophysicists, Duncan Crone among them. President of Crone Geophysics & Exploration, he is best known as a pioneer of…
1991
FINANCING (November 04, 1991)
Coral Gold Corp. — 8000,000 shs offered @ 17 cents per sh.
Southern Chile focus for Arauco
Four local mining groups have teamed up to form a new company directed exclusively at finding mineral deposits in Latin America, with Southern Chile being the primary exploration target. The venture i…
Curragh selling smelter interest (November 04, 1991)
Toronto-based Curragh Resources (TSE) is negotiating to sell its 20.8% interest in Spanish smelting company Asturiana De Zinc SA, says Chairman Clifford Frame. Under a proposed agreement, the Spanish …
Fort Knox keeps setting new highs
Further work on Fort Knox Gold Resources’ (TSE) claims in Fawcett Twp., Ont., will get under way as soon as financing is complete, says Wayne Whymark, vice-president of exploration. “I am quite confid…
Cameco files final prospectus
Saskatoon-based Cameco (TSE) has filed a final prospectus for a secondary share issue. The secondary issue includes 5.33 million common shares of Cameco held by the Saskatchewan Mining Development Cor…
OBITUARY (November 04, 1991)
Well-known prospector William Storie died suddenly on his claim at Snow Creek near Cassiar, B.C. He was 82. At 21, Storie began his career, prospecting for Crown Point Mining. He then worked as an ind…
Taysan study completed
A study by Fluor Daniel Wright Engineers has confirmed previous estimates made by Chase Resources (VSE) on the Taysan copper project in the Philippines. Chase has an option to purchase a 59.9% interes…
Fortune’s samples give gold values
Recent work by Fortune Minerals (CDN) on its Robin claims in the Russell Lake area of the Northwest Territories has returned encouraging results. A batch of 10 grab samples taken along the southern ex…
Loki, Hemlo discover new gold zone at Brewery Creek
A recent exploration program has identified a new gold zone and new geochemical anomalies which partners Hemlo Gold (TSE) and Loki Gold (VSE) believe could increase the reserve potential of the Brewer…
Mirage reaches target depth
A borehole designed to test the Wanapitei anomaly northeast of Sudbury, Ont., has reached its target depth of 1,500 metres without hitting any economic mineralization, says Paul Severin, manager of ex…
Cigar Lake mines first ore at high-grade uranium deposit
Cigar Lake Mining says it has successfully completed the first test mining of the Cigar Lake uranium deposit in Saskatchewan. Using a remote-controlled boring machine, the company mined the orebody fr…