Test milling planned for Tillicum
A recent agreement between Columbia Gold Mines (VSE) and the Goldstream mine joint venture will provide for test milling and concentrating of gold reserves from Columbia’s Tillicum property near Burto…
News
U.S. REPORT (October 14, 1991)
With the first phase of this year’s drilling now complete, partners Arizona Star (VSE) and Glamis Gold (TSE) expect to start a second-phase program shortly on the Imperial County joint venture in sout…
Galactic selling 48% stake in Ridgeway mine
In a move to clean up its balance sheet, Galactic Resources (TSE) has entered into an option agreement to sell its 48% interest in the Ridgeway open pit gold mine in South Carolina to Placer Dome (TSE…
SOQUEM signs option deals with a pair of Quebec juniors
The mining exploration arm of the Quebec government, SOQUEM, recently made a number of property deals and financings with Quebec juniors. North of Schefferville, SOQUEM may earn (subject to the necess…
Audrey raising $40 million for Mobrun
Audrey Resources (TSE) is taking steps to obtain the $40 million it needs to repay debt and finance development of the Mobrun polymetallic mine near Rouyn-Noranda, Que., over the next three years. Rec…
Eden Roc expects production from Ivory Coast before ’92
Eden Roc Minerals (ASE), the 67% owned subsidiary of Marshall Minerals (TSE), is preparing to bring its Ivory Coast, West Africa, gold project into production after securing $5.3 million in loans and …
Breakwater’s bitter legacy still haunts Corona
A fountain of red ink is still spewing from Breakwater Resources (TSE) following an ill-fated strategic plan to have the company become an integrated zinc producer. In the 1991 first half, Breakwater …
TSE Short Positions (October 14, 1991)
Semi-monthly reports as of September 30, showed 21,525,116 shares of 590 issues compared with 22,743,881 shares of 607 issues on September 15. Larger individual positions included: Amax Gold 117,300, …
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…
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…
METAL PRICES (October 14, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct 8 Oct 7 Oct 4 Oct 3 Oct 2 Copper 1364-1366 1345-1346 1352-1353 1353-1354 1328-13…
Fate of syndicate formed in 1927 clouds Holloway ownership picture
Members of a 64-year-old syndicate are beginning to crawl out of the woodwork as the value of the Teddy Bear Valley Mines’ (CDN) 18-claim property near Matheson, Ont., becomes apparent. The Teddy Bear…