MacBride Lake returns zinc values
Drilling on the MacBride Lake property near Lynn Lake, Man., returned a number of zinc and copper intersections for Eastmin Resources (VSE) and Bellex Resources (VSE). Bellex is earning a 49% interest…
News
Curragh puts Westray coal mine up for sale
Raising money to build new mines in Canada can be a trying experience, especially in today’s tough market conditions. Lead-zinc producer Curragh Resources (TSE) recently cancelled a planned debenture …
Alberta Stock Exchange (December 09, 1991)
With three option agreements in hand, Goldhunter took off during the week ended Dec 3., gaining 20 cents to close at 46 cents. Goldhunter, which holds property on the western and northern boundaries o…
Brenna in venture with Soviet firm for gold exploration
California-based Brenna Resources (VSE) has signed a joint venture deal to conduct exploration in the Uzbekistan Republic, site of about 30% of the Soviet Union’s gold reserves. In a joint venture wit…
Deak, Kennecott drilling near Kerr
A $1-million exploration program funded by Toronto-based Deak Resources (TSE) and Kennecott Canada has commenced on claims adjoining Deak’s Kerr gold mine and mill at Virginiatown, Ont. Using the unde…
Cobalt Revisited
Cobalt, Ont., the cradle of Canada’s mining industry, has provided the backdrop for Jessica, a novel which depicts life at the turn of the century. Jessica was a nurse among the miners, bushwhackers, …
Toronto Stock Exchange (December 09, 1991)
Inco affiliate Fort Knox Gold roared to a new high of $3.05 on a volume leading 2.1 million shares during the week ended Dec. 3 before trading was halted at the request of The Toronto Stock Exchange. …
INSIDER TRADING (December 09, 1991)
TVX Gold directors Fernando Cabral Silva and Nigel Lees took the opportunity recently to reduce their holdings in the Toronto-based company. According to the Ontario Securities Commission OSC Bulletin…
Montreal Exchange (December 09, 1991)
The market portfolio and mining and minerals index moved in opposite directions, with the former gaining almost 14 points and the latter dropping by almost 14 points during the week ended Dec. 3. Dail…
GOLD FUNDS (December 09, 1991)
BGR Central Net Value $8.65 $5.08 Price $8.00 $4.550 Discount 7.49% 10.4 Value $51,484,000 $76,550,565…
Unlisted Trading (December 09, 1991)
During a quiet week on the unlisted network, White Star Copper Mines and Chance Mining and Exploration, which both hold ground in the vicinity of the Kidd Creek mine near Timmins, Ont., were among the…
FINANCING (December 09, 1991)
Lac Minerals Ltd – 11,000,000 shs offered @ $9.625 per sh.