Phelps Dodge, Canyon report find
Partners Phelps Dodge (NYSE) and Canyon Resources (NASDAQ) recently initiated metallurgical, engineering and environmental studies to evaluate the economic potential of a significant gold discovery ma…
News
Cluff raises cash for Ghanian mine; Gold Reserve in Venezuela
Gold Reserve (NASDAQ) says it is forming a Venezuelan subsidiary, Unicorn Mining, to mine for diamonds and gold. On behalf of Unicorn, Gold Reserve has purchased a Venezuelan company with mining equip…
Home Lake allows claims to expire
Home Lake Resources (CDN) will cease exploration on its two properties in Ontario and Quebec, after recent work failed to turn up any significant mineralization. At the Powell Lake property, 130 km we…
Financing (December 30, 1991)
Canadian Comstock Exploration Ltd – 175,000 flow-through shs offered @ 45 cents, also 325,000 non-flow-through shs offered @ 45 cents per sh.
Alberta Stock Exchange (December 30, 1991)
Reports that shareholders approved an amalgamation of Bay Resources and Services with three other companies sent the stock down 3 cents to 2 cents during the week ended Dec. 23. The newly amalgamated …
NEWS ROUNDUP (December 30, 1991)
Vancouver-based Athabaska Gold Resources (TSE) has obtained financing to acquire from Chevron Minerals the 40% interest it doesn’t already own in the Nicholas Lake gold project in the Northwest Territ…
NEWS IN BRIEF (December 30, 1991)
Ticker Tape Resources Ltd. (TKT:VSE) has changed its name to International Ticker Tape Resources Ltd. (ITR:VSE) with a consolidation of capital on a 1-new-for-3.7-old-share basis. The transfer agent i…
Plaster Rock work to continue
The first phase of drilling on NovaGold Resources’ (TSE) Sewell Brook project near Plaster Rock, N.B., failed to uncover any significant mineralization, but did help to pinpoint alteration zones that …
FUTURES PRICES (December 30, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec 97.60 96.30 97.40 – 0.75 Jan 97.60 96.60 97.70 – 0.30 Feb 97.80 96.50 97.80 – 1.10 SILVER (in US cents per oz…
Encouraging values on Goldfield ground
Joint venture partners Sutton Resource (VSE) and Crown Resources (VSE) intersected a number of gold values during a recent drilling program on the Goldfield project in Nevada. The results included a 6…
Mt. Milligan decision delayed
It could be a month or more before Placer Dome (TSE) announces a decision on whether it will proceed with mine development at the Mt. Milligan gold-copper project north of Prince George, B.C. The comp…
Canadian Mining Hall of Fame inducts eight
The names of the eight individuals who will be inducted Jan. 6 into The Canadian Mining Hall of Fame were announced recently by the Hall’s board of directors. The eight inductees were chosen from a no…