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…
News
Bell Creek mill to be reopened
Having completed the purchase of the Bell Creek mine and mill at Timmins, Ont., from Canamax Resources (TSE), Falconbridge Gold (TSE) says it intends to reopen the mill early in 1992 to process ore fr…
Mountain Beaver active at Figuery
A second phase of drilling is scheduled to begin shortly on the Figuery project near Amos, Que. Mountain Beaver Resources (CDN) has an option to earn a 50% interest in the prospect by spending $4 mill…
Spot prices at a glance (December 23, 1991)
Week’s Price (US) Change Gold* $357.50 – $10.20 Silver* $ 3.89 – $0.12 Platinum* $348.75 – $19.35 Nickel** $ 3.24 + $0.01 Lead** $ 0.24 $0.00 Copper $ 0.98 – $0.02 Zinc $ 0.52 – $0.02 Courtesy of Scot…
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…
Tag offering
An offering memorandum has been filed with the Quebec Securities Commission for distribution within the province of a maximum of 325 units worth $1,000 each, Golden Tag Resources (VSE) says. Each unit…
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…