Royal Oak eyes potential in Athabaska
Armed with funds from a recently announced private placement, Athabaska Gold Resources (TSE) is gearing up to resume exploration of its 60% owned Nicholas Lake gold project, 60 miles north of Yellowkn…
News
EDITORIAL PAGE (August 19, 1991)
Canadians are being taxed into an economic grave. Perhaps it’s time to be taking a hard look at the likes of Algoma Steel. We certainly don’t envy the task of Earl Joudrie, its new chairman trying to …
Arimetco Int’l. completes debenture private placement
U.S. copper miner Arimetco International (TSE) has completed a private placement of US$8.75 million worth of convertible notes to finance development of its Van Dyke porphyry copper project in Arizona…
Private concern buys Varna stake
Newfoundland Goldbar Resources, a private company, has purchased shares of Varna Gold (ASE), previously held by former president Gordon Barron. Barron, who was slapped with a 7-year trading ban at the…
Vancouver Stock Exchange (August 19, 1991)
Market activity shifted from bad to worse during the week ended Aug. 13 with trading volumes lagging at about 11 million shares per day during what should be one of the most active times of the year. …
Spectrum hole cuts high-grade values
As predicted, hole 76 drilled at the Spectrum property in northwestern British Columbia returned some of the highest-grade values seen to date on the property. This year’s program is operated by Colum…
Cominco Res. reports turnaround
Improved financial and operating results were reported by Cominco Resources International (TSE) for its 1991 second quarter ended June 30. During the period the company tallied a modest loss of $269,0…
Wheaton to bid for Omni Res.
Having recently purchased Mount Skukum mill southwest of Whitehorse, Yukon, Toronto-based Wheaton River Minerals (TSE) says it intends to make a takeover bid for all the outstanding shares of Omni Res…
Arimathaea boss exercises options
Graham Ferguson Lacey, the new chairman of Toronto-based Arimathaea Resources (TSE) recently exercised his rights under a management stock option plan to acquire 85,000 of the company’s common shares….
New SOQUEM president named
The mineral exploration arm of the Quebec government, Societe quebecoise d’exploration miniere (SOQUEM), has a new chief. Yves Harvey, 41, was recently nominated by the Quebec cabinet as president and…
Spot prices at a glance (August 19, 1991)
Week’ Price (US) Change Gold* $356.50 + $ 0.65 Silver* $ 3.95 — $ 0.02 Platinum* $348.25 — $ 6.25 Nickel** $ 3.72 + $ 0.01 Lead** $ 0.25 $ 0.00 Copper{ $ 1.01 + $ 0.01 Zinc{{ $ 0.48 $ 0.00 Courtesy …
Beauchamps, Skeena active at Sustut project in B.C.
A $120,000 field program is under way on the Sustut copper-gold project about 200 km north of Smithers, B.C., Beauchamps Exploration (VSE) reported. Sustut is a 50-50 joint venture between Beauchamps …