Guest Column (October 07, 1991)
The visit earlier this year by University of Toronto professor Tony Naldrett and myself to the Noril’sk mining camp in Siberia was arranged by the Soviet Academy of Sciences and hosted by the Noril’sk…
News
PEOPLE (October 07, 1991)
Sadia Cohen appointed president.
Ocean drilling provides look at mineral deposit as it forms
A senior public outfit recently intersected 94 metres of massive sulphides grading an average 6% zinc and 1.5% copper. Other intercepts were just as thick and just as rich. Ordinarily that would be ma…
Toronto Stock Exchange (October 07, 1991)
Sparked by a lack of industrial demand and new automotive technology, the steady decline in the price of platinum finally caught up with Pat Sheridan during the week ended Oct. 1. Strapped for cash an…
NEWS ROUNDUP (October 07, 1991)
Newmont Mining (NYSE), North America’s largest gold producer, continued to reduce its debt load recently by completing the redemption of its 7% exchangeable debentures. Due Aug. 15, 2001, the debentur…
Spring, Cove get mixed results
Rumors of a 90-ft. intersection grading over one ounce gold per ton were laid to rest when Granges (TSE) and two junior partners announced the latest results from drilling on the Unuk River property i…
Professor needs funds for review
Consolidated Professor Mines (TSE) says it will need additional funding to pay for future costs associated with an environmental review of its Duport gold project at Shoal Lake west of Kenora, Ont. Pr…
Alberta Stock Exchange (October 07, 1991)
Toronto-based Noble Peak Resources topped the most active list for the week ended Oct. 2 with a single block trade. The block, which represents the last of the company’s flow-through shares, was bough…
Sikaman proposes debt restructuring (October 07, 1991)
Sikaman Gold Resources (TSE) will seek approval from debenture holders at a meeting Nov. 15 to decrease the conversion price of its $6.1-million convertible debenture to 50 cents per share from $3.50 …
Cal Graphite units
Cal Graphite (VSE) plans to sell, subject to regulatory approval, a private placement of up to 330,000 units, each unit priced at $4 and consisting of one share and one warrant to purchase one-quarter…
Princeton seeks funds to pay McDame development costs
A prolonged strike at the Similco copper mine in southern British Columbia as well as continuing operating problems at the Cassiar underground asbestos mine in northern B.C. have forced Princeton Mini…
LETTERS TO THE EDITOR (October 07, 1991)
Gold has, over the centuries, been regarded as a protection in case of public and personal troubles. All governments keep a supply in their treasuries. Individuals were hiding some wherever they consi…