New lens found at Myra Falls
Although 1991 was not a particularly good year on the financial front, Westmin Resources (TSE) enjoyed an extraordinarily successful year exploring its Myra Falls mine property near Campbell River, B….
1991
Drilling results from Courville
Extensions of zone A at the Courville gold property northeast of Val d’Or, Que., may have a lower grade than that found in the centre of the zone, Cache Explorations (ME) says. A summer drilling progr…
Vancouver Stock Exchange (December 23, 1991)
The outlook for resource issues on the VSE shifted from bad to worse during the week ended Dec. 17, with the resource index dropping by more than 40 points to 444.4. The composite index fared better, …
Timmins, Habsburg test mills for taking Dome Mountain ore
The Dome Mountain gold mine near Smithers, B.C., recently completed deliveries of 5,600 tons of ore. Timmins Nickel (TSE) is earning a 60% interest in the mine from Habsburg Resources (VSE) by bringin…
Freewest, Canaco plan suit over claims near Benoit find
Two juniors, Freewest Resources (TSE) and Ressources Minieres Canaco (ME), are planning lawsuits seeking a total of $5.9 million in damages against Forbex Mining Resources (ME) over disputed claims cl…
Geoscientists view the world’s deepest drill hole
Geoscientists from around the globe caught a once-in-a-lifetime glimpse of the world’s deepest diamond drill hole when they visited the Kola project in the Soviet Union recently. The drill site, 40 km…
Land claim deal sets stage for new Canadian territory
The creation of a new territory in Canada’s north is a step closer to reality. The federal government in Ottawa and the Tungavik Federation of Nunavut in the Northwest Territories recently reached agr…
Dessir faces uphill battle at Gibbs project in California
The land package controlled by A.T.& E. Enterprises measures over 10,000 acres, or roughly five square miles of heavily forested mountain ridges and valleys near this small town located about 100 road…
Montreal Exchange (December 23, 1991)
Strong investor interest was evident during the week ended Dec. 17, with daily trading volumes ranging between 5.3 million and 11.8 million shares. Both the market portfolio and mining and minerals in…
Alberta Stock Exchange (December 23, 1991)
It has been a busy month for Kingswood Explorations (ASE), which optioned one of its properties, tendered most of the shares of a private exploration concern and is planning a drill program near Mathe…
Golden Tag takes 50% interest in claims near Grevet
Subject to regulatory approval, Golden Tag Resources (VSE) has acquired a 50% interest in 41 claims in Verneuil Twp., Que., adjacent to Grevet Twp. and eight miles east of Quevillon. No serious explor…
PROFILE (December 23, 1991)
At a time when the market is bearish, LAC Minerals sends a signal to investors that it remains a serious player in the mining industry, looking for quality assets worldwide. It has just raised $106 mi…