Minnova options Murgor claims
Exploration is under way at Murgor Resources’ (VSE) gold property in Fancamp Twp., Que., south of Chibougamau, Que., following an agreement between Murgor and Minnova (TSE). Under the option deal, Min…
News
Contest winner visits Sudbury
Winner of an all-expense paid 3-day trip to Sudbury at the end of July, the grand prize in an Ontario Mining Week contest organized in June by the Ontario Mining Association (OMA), was Caroline Jung, …
Ontario gives grants worth $4 million for exploration
Ontario’s Ministry of Northern Development and Mines approved 420 applications representing $4 million in grants for funding this year under the Ontario Prospectors Assistance Program (OPAP), the mini…
Citadel finds new zones in Jamaica
Grab samples from an old trench on the Job’s Hill property in Jamaica have returned assays of up to 8.9% copper, 0.14% molybdenum, 0.12 oz. gold per ton and 2.2 oz. silver for Citadel Gold Mines (TSE)…
Galactic cuts first-half loss while Ridgeway output falls
The net loss for Galactic Resources (TSE) totalled US$2.15 million during the 1991 first half, compared to net income of US$6.98 million in the same period last year. The loss includes an after-tax ga…
Crown hurt by drop in Kettle River’s grade
Lower grades as well as slightly lower recoveries at the 30% owned Kettle River gold mine in northeastern Washington are reflected in this year’s first-half results for Crown Resources (VSE). Crown re…
TORONTO STOCK EXCHANGE INDICES (August 26, 1991)
Aug 20 Aug 19 Aug 16 Aug 15 Aug 14 High Low Composite “300” 2485.26 3484.61 3527.54 3534.44 3541.83 4009.47 3009.91 Metals & Minerals 3033.77 3040.22 3061.76 3091.39 3076.54 3453.06 2502.63 Integrated…
Another hit at Myra Falls
The latest assay results released by Westmin Resources (TSE) appear to show a westerly extension of the high-grade Gap zone discovered earlier this year on the Myra Falls mine property near Campbell R…
Triathlon draws 140 competitors
The eighth annual Great Porcupine Goldrush Triathlon attracted 140 competitors on 49 teams to Timmins, Ont., this summer. There were 86 entrants (30 teams) in the 55-km competitive event, and 54 entra…
GOLD FUNDS (August 26, 1991)
BGR Central Net Value $8.94 $5.01 Price $8.00 $4.700 Discount 10.51% 6.2% Value $53,249,416 $79,074,210…
FUTURES PRICES (August 26, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Aug 99.75 99.20 99.20 – 1.10 Sep 99.80 99.00 99.10 – 1.25 Oct 98.90 98.90 98.70 – 2.05 SILVER (in US cents per oz…
FINANCING (August 26, 1991)
Internova Resources Ltd. – 600,000 shs offered @ 26 cents per sh. Garde, Mining Exploration Company Inc. – 860,000 units consisting of 1 class A sh and 1 wt offered @ 45 cents per sh. Southern Alberta…