Montanore adit reaches 11,330 ft.
A 15,000 ft. adit being driven into the core of the Montanore deposit from outside of Montana’s Cabinet Mountains wilderness area has reached 11,330 ft. The project is a 45-55 joint venture between Ja…
1991
Correction (September 16, 1991)
Contrary to an earlier report (T.N.M., Sept. 9/91), the 70,000 ft. of drilling done on the Loma de Hierro nickel deposit, 50% owned by Jordex Resources (VSE), in Venezuela was performed by a ministry …
New owners for BLM Mines
The controlling shareholder of United Keno Hill Mines (TSE), BLM Mines, has acquired new owners. Romith Investments and Stephen Powell have each acquired, directly or indirectly, 50% of the issued and…
Vancouver Stock Exchange (September 16, 1991)
Market indices turned downward during the week ended Sept. 10; the resource index closed at 550.54 for a loss of 7.50 points and the composite index slipped by less than a point to close at 566.83. Ta…
Paymaster drilling sets eastern limit
Partners American Reserve Mining (ME) and Placer Dome (TSE) have defined the eastern limits of gold mineralization at the Paymaster mine project, immediately adjacent to the old Paymaster mine in Timm…
Inco shelves some Sudbury plans to cut output
Following a summer decline in nickel prices, Inco (TSE) says it will cut back on production, reducing Canadian output for the balance of 1991 by about 10 million lb. Inco, which produces its own nicke…
Noranda group buys shares in Yellowjack
Associated companies Hemlo Gold Mines (TSE) and Brenda Mines (TSE) recently agreed to buy 186,567 shares of Yellowjack Resources (VSE) in order to exercise an option to acquire a 51% interest in Yello…
FUTURES PRICES (September 16, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US per lb.) Sep 106.80 105.80 106.65 + 2.20 Oct 105.65 105.10 105.75 + 1.80 Dec 105.10 104.30 104.90 ____ SILVER (in US cents per o…
Adrian plans to drill Sky Creek
A drilling program is planned by Adrian Resources (VSE) to further test a recently discovered zone of massive sulphide mineralization on the Sky Creek property held under option from Skyline Gold (TSE…
Teck finances Western Copper
A private placement of 200,000 flow-through shares of Western Copper Holdings at a price of 75 cents per share will give Teck (TSE) a 42% interest in the junior company. Teck also has a warrant to pur…
Merger proposed between MinVen and United Coin
Denver-based MinVen Gold (TSE) is set to acquire full ownership of the Golden Reward mine in South Dakota by merging with United Coin Mines (TSE). MinVen holds 33% of the low-grade Black Hills heap le…
Alberta Stock Exchange (September 16, 1991)
Taking top spot on the most active list for the week ended Sept. 10 was Stampeder Exploration, a generally quiet trader with mineral properties near Timmins, Ont. Trading 539,500 shares, the junior al…