Adonos acquires second rutile play
A second rutile (titanium) property in northern Chile has been acquired by Adonos Resources (VSE). The company said surface investigations of the wholly owned La Rosada property indicate the potential…
News
Fort Knox keeps setting new highs
Further work on Fort Knox Gold Resources’ (TSE) claims in Fawcett Twp., Ont., will get under way as soon as financing is complete, says Wayne Whymark, vice-president of exploration. “I am quite confid…
Montreal Exchange (November 04, 1991)
Trading volumes were steady but both the market portfolio and mining and minerals index experienced 15-point losses for the week ended Oct. 29. Daily volumes ranged between four million and 8.6 millio…
TORONTO STOCK EXCHANGE INDICES (November 04, 1991)
Oct 29 Oct 28 Oct 25 Oct 24 Oct 23 High Low Composite “300” 3485.42 3455.84 3434.17 3446.94 3459.16 4009.47 3009.91 Metals & Minerals 3001.05 2967.09 2965.83 2974.53 3000.16 3453.06 2502.63 Intergrate…
Giant Pacific seeks funds for projects in Nevada and Mexico
Australian financier Chrisilios Kyriakou, who was ousted three years ago from the board of Pamour Inc., is making a comeback in the gold mining business. Kyriakou’s private firm Walhalla Mining is pla…
Cameco files final prospectus
Saskatoon-based Cameco (TSE) has filed a final prospectus for a secondary share issue. The secondary issue includes 5.33 million common shares of Cameco held by the Saskatchewan Mining Development Cor…
OBITUARY (November 04, 1991)
Well-known prospector William Storie died suddenly on his claim at Snow Creek near Cassiar, B.C. He was 82. At 21, Storie began his career, prospecting for Crown Point Mining. He then worked as an ind…
Newexco buying Petromet’s stake in Newfoundland project
Petromet Resources (TSE) has signed a letter of intent to sell a 50% interest in the Rambler base metal property at Baie Verte, Nfld., to Newfoundland Exploration (Newexco) in exchange for common shar…
NEWS ROUNDUP (November 04, 1991)
Onitap Resources (TSE) says Exploration Orex (ME) defaulted on its July 1, $25,000 instalment payment for the purchase of the Goldboro deposit in Nova Scotia and has failed to make any subsequent mont…
Taysan study completed
A study by Fluor Daniel Wright Engineers has confirmed previous estimates made by Chase Resources (VSE) on the Taysan copper project in the Philippines. Chase has an option to purchase a 59.9% interes…
N.W.T. explorers await transport link
A Canadian shipping company, Canarctic, is proposing to examine the development of a marine transportation system to service resource development in the Coronation Gulf region of the Northwest Territo…
Lone Tree mine pours first gold
The first gold was poured recently at the Lone Tree mine of Santa Fe Pacific Gold, a unit of Santa Fe Pacific Corp., near Winnemucca, Nev. Output of 28,000 oz. gold is estimated for 1991 from the mine…