NEWS ROUNDUP (September 09, 1991)
Craibbe-Fletcher Gold Mines (CDN) says it has almost completed rehabilitation work at the 2,000-ft. level of the company’s property, and should be drilling there by the end of September. The undergrou…
News
NEWS IN BRIEF (September 09, 1991)
Dasher Resources Ltd. (DSR:VSE) has changed its name to Consolidated Dasher Resources Inc. (CDH:VSE) with a consolidation of capital on a 1-new-for-4-old-share basis. The transfer agent is National Tr…
PROFILE (September 09, 1991)
By and large 1991 has been a dismal year for the mining industry. Metal prices are low while risk capital is rare. Agnico-Eagle Mines, however, reported a net profit of $846,000 for the second quarter…
Alberta tribe settles land claim
An Indian tribe in Alberta was recently compensated by the federal government in a claim over loss of mineral rights. The Stoney tribe, who lives about 50 km west of Calgary, signed a settlement provi…
Near reserve threshold Brewery Creek work continues
Partners Hemlo Gold Mines (TSE) and Loki Gold (VSE) plan to spend a further $1.2 million this year to better determine the reserve potential of the Brewery Creek gold project, some 35 miles from this …
LAC swallows rest of Bond Gold
Bond International Gold became a wholly owned subsidiary of LAC Minerals (TSE) on the last day of August, after a scheme of arrangement for the takeover was sanctioned by the Grand Court of the Cayman…
LAC finds 850 missing shareholders
After a summer of sleuthing on behalf of LAC Minerals (TSE), Ewan Mason and Vangie Mamoukarys are satisfied they have done everything possible to find the company’s “missing shareholders.” O.Tut of a …
Features of Selbaie’s operation appeal to many specialists
Recently Quebec-based Les Mines Selbaie, 61.1% owned by BP Canada (TSE), celebrated its 10th anniversary of production. For the specialist, there are numerous interesting and unusual features of Selba…
Gold Funds (September 09, 1991)
BGR Central Net Value $8.46 $4.83 Price $7.38 $4.450 Discount 12.85% 7.9% Value $50,383,921 $74,868,135…
South Africa, Soviet Union dominate gold, platinum markets
South Africa and the USSR play a vital role in the world gold and platinum industries: in 1989 their combined output accounted for 45% of world gold production and 91% of total platinum group metal (p…
Vancouver Stock Exchange (September 09, 1991)
Vancouver’s summer is already the wettest on record, but the rain clouds can’t be blamed for dampening trading activity on the VSE. Market interest has remained at a low ebb for much of this year, wit…
Aurora yields new zone for Denison, S.A. Goldfields
A new gold zone and the possible extension of a zone at the Aurora joint venture property in Guyana, South America, have been reported by South American Goldfields (TSE) and Denison Mines (TSE). The l…