Lenora to test Mexican property
An option to earn a 51% interest in the optioned interest of Vanderbilt Gold Corp. in the La Dura gold property in the Mulatos mining district of Sonora, Me., has been acquired by Greater Lenora Resou…
1991
INSIDER TRADING (October 14, 1991)
The rising price of Redstone Resources (TSE) shares recently gave President David Harquail, the chance to liquidate a portion of his holdings in the Toronto-based royalty company. According to Ontario…
Vancouver Stock Exchange (October 14, 1991)
Despite the odd pocket of excitement and an upward move in gold bullion toward the US$360 mark, the resource index continued its slide toward the 500-point level, closing the week ended Oct. 8 at 514….
Montreal Exchange (October 14, 1991)
Volumes were steady but trading turned downward during the week ended Oct. 8, with the market portfolio off by more than 25 points and the mining and minerals index down by 26.7 points. Daily volumes …
Feasibility positive for Minera’s Ivan
Results of a feasibility study on the Ivan copper project in northern Chile justify a positive production decision, says owner Minera Rayrock (TSE). If the initial cash cost is US$20 million and opera…
Drifting ongoing at Sleeping Giant
Drifting which began in July continues on the 770-, 970- and 1,360-ft. levels at the Sleeping Giant gold project north of Amos, Que., to test the continuity of mineralized areas 1,000 ft. north of the…
Freeport seeks to extend mining contract in Indonesia
A new contract of work being negotiated with the Indonesian government would allow Freeport Indonesia, a subsidiary of Freeport-McMoRan Copper & Gold (NYSE) of Louisiana, to mine and explore a large a…
Drill results from SMC zone
Assay results were released by Adrian Resources (VSE) for the first four holes drilled to test the SMC zone discovery on the Sky Creek property in the Iskut River region of northwestern British Columb…
PROFILE (October 14, 1991)
Whenever analysts or investors talk about silver, they think of Idaho-based Hecla Mining, which is celebrating its centenary this year. The company’s pride of place, the Lucky Friday mine near Mullan,…
Gold price forces Bell Creek closure
Citing weak gold prices, Canamax Resources (TSE) says it will close its only operating gold mine. The Bell Creek mine and mill near Timmins, Ont., will be the third Canamax gold operation to close wit…
Gold Ridge funding
Funding is now available to complete the mine development and begin operations at the Wingdam placer gold project in the Cariboo mining division of British Columbia, Gold Ridge Resources (VSE) announc…
OBITUARY (October 14, 1991)
Well-known mining engineer Tilmer (Tim) Waterland of Delta, B.C., died recently. He was 90. His career involved positions at a number of mines in British Columbia, including Copper Mountain, Anyox, Pr…