Montreal Exchange (October 21, 1991)
Investors were in a buying mood during the holiday-shortened week ended Oct. 15, with both the market portfolio and mining and minerals index recording impressive gains. The former jumped by more than…
News
Morrison selling Aerodat interest
Subject to regulatory and shareholder approval, Morrison Minerals (TSE) plans to sell its shares in Aerodat Ltd., a private company in the airborne geophysical service industry, to Geonex Ltd. Morriso…
Unlisted Trading (October 21, 1991)
Despite a lacklustre market, Black Gregor Explorations’ continuing efforts to enlist major companies as joint venture partners for its properties have sustained investor interest in recent weeks. The …
Rayrock buys 20% of New Canamin
Intrigued by New Canamin Resources’ (VSE) recently acquired copper porphyry plays in central British Columbia, Rayrock Yellowknife Resources (TSE) has purchased, through a private placement, 600,000 s…
Freewest keen on Benoit claims despite dispute
Government bureaucracy and a claims dispute are holding up exploration work on what is probably the best gold discovery in Quebec in the last year, says Mackenzie Watson, president of Freewest Resourc…
Minnova drops Fireweed project
After carrying out about 9,000 ft. of drilling on the Fireweed property near Smithers, B.C., Minnova (TSE) decided to terminate its option to earn a 70% interest in the project from Mansfield Minerals…
NovaGold takes technology risk
Gerry McConnell, president of NovaGold Resources (TSE), firmly believes that the long-term survival of his company depends on a healthy degree of risk. That strategy explains NovaGold’s ambitious fora…
Similco strike over
The recent vote in favor of a new collective agreement ends a 4.5-month strike at the Similco open pit copper mine near Princeton, B.C. The mine is owned by Princeton Mining (TSE). Employees will be r…
PRODUCER PRICES (October 21, 1991)
ALUMINUM: MW U.S. market US52.60-53.50 cents per lb. (Oct. 3, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CADM…
LETTERS TO THE EDITOR (October 21, 1991)
Incorrect ownership was reported in the story “Montanore adit reaches 11,330 ft.” (T.N.M., Sept. 16/91). The Montana copper-silver project in question is owned 45% by Montana Reserves Co. and 55% by N…
Champion Bear starts drilling
Calgary-based Champion Bear Resources (ASE) has moved two drill rigs on to its Oneman Lake property, which stretches for 25 miles along the Separation greenstone belt north of Kenora, Ont. The propert…
Near Quebec City Soquem drills base metal find
Soquem, the Quebec government’s mineral exploration company, has discovered zinc-copper-silver-gold mineralization on its wholly owned Dussault property, 40 km northwest of the former Montauban mines …