Alberta Stock Exchange (September 30, 1991)
Following its court battle with Metalore Resources over the Brookbank gold property in northwestern Ontario, Ontex Resources has announced a letter of intent covering an option deal with large gold pr…
News
New deposit at Matagami camp
Surface drilling on the western portion of the Orchan property near Matagami, Que., has discovered a deep, massive sulphide deposit with one hole intersecting 130.1 ft. grading 17.31% zinc and 2.11% c…
EDITORIAL PAGE (September 30, 1991)
American Barrick Resources Chairman Peter Munk stands to make $36.6 million when he sells two million shares he bought earlier this year through stock options granted in 1987. Munk will likely take a …
Horne Fault takes option on tailings
In return for a US$2.5-million payment, Horne Fault Mines (CDN) has been given the option to acquire a 2.2% net smelter royalty on a gold tailings recovery operation in the southwestern U.S. A metallu…
INSIDER TRADING (September 30, 1991)
Michael Pickens, the Yorkton Securities mining analyst who was instrumental in helping Wheaton River Minerals (TSE) to sell its initial public offering, recently became a shareholder of the Toronto ju…
Atlanta placement terms amended
Atlanta Gold (TSE) recently amended the terms of its private placement of stock-warrant units to Consolidated Ramrod Gold (TSE) at the request of The Toronto Stock Exchange. Subject to regulatory appr…
Deep-drilling polymetallic find Victor a major new discovery for
Crowning 16 years of exploration by Inco (TSE) in the Victor area on the eastern rim of the Sudbury, Ont., basin, three deep drill holes have returned assays that are little short of momentous. Grades…
PEOPLE (September 30, 1991)
Joseph Lechman appointed president.
GOLD FUNDS (September 30, 1991)
BGR Central Net Value $8.30 $4.94 Price $7.38 $4.400 Discount 11.11% 10.9% Value $49,398,725 $74,026,920…
New Paymaster reserve awaited
An updated reserve report is being prepared by Placer Dome (TSE) and American Reserve Mining (ME) following the completion of the current phase of deep drilling at the Paymaster gold project at Timmin…
FUTURES PRICES (September 30, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Sep 109.55 106.90 107.40 + 3.00 Oct 107.40 105.70 106.50 + 3.80 Nov 105.60 105.00 105.40 + 3.40 SILVER (in US cen…
Canmine prepares for winter drilling
Canmine Resources (CDN) says it has identified an alteration pipe at its FER copper-zinc property in northern Manitoba that is similar to the pipes found under known volcanogenic orebodies. In January…