Fort Knox hits low-grade zone
Recently completed drilling in the Shining Tree area of northeastern Ontario has re-turned low-grade base metal values for Fort Knox Gold Resources (TSE). Testing a geophysical target on its 100% owne…
News
Vancouver Stock Exchange (October 07, 1991)
Mark Twain’s satirical observation that October is not a good month for stock markets held a grain of truth in Vancouver this week as a number of stocks took a dramatic tumble after drill results from…
KWG optioning Ghana properties
KWG Resources (ME), formerly Kewagama Gold Mines, has entered into an agreement with Canadian Overseas Development allowing KWG the option to earn an interest in two mineral properties in Ghana, West …
FUTURES PRICES (October 07, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 108.20 107.00 108.00 + 1.50 Nov 106.00 105.70 106.35 + 0.95 Dec 105.10 103.90 105.00 … SILVER (in US cents …
Gold play developing at Brookbank
Geologists working on behalf of Ontex Resources (ASE) are comparing the Brookbank gold deposit near Beardmore, Ont., to a Freewest-type deposit without the rewards of intensive exploration. Current re…
Athabaska drills at Nicholas Lake
With financial backing from Royal Oak Mines (TSE), Vancouver-based Athabaska Gold Resources (TSE) has begun drilling at its 60% owned Nicholas Lake gold project north of Yellowknife, N.W.T. Royal Oak …
Study estimates 18% return at Holloway project
A feasibility study recently completed on the Lightning gold zone near Matheson, Ont., indicates that the deposit would generate a 17.9% rate of return on a stand-alone basis. The study is based on a …
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…
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…