Wildcat hole under way at Cobalt
A wildcat hole designed to test for deep-seated base metal deposits is under way at Agnico-Eagle Mines’ (TSE) property in Coleman Twp., near Cobalt, Ont. Legacy Explorations (CDN), which is earning a…
News
U.S. REPORT Kennecott options Lockwood project
A unit of Kennecott recently entered into a joint venture agreement allowing it to acquire a 51% working interest in the Lockwood massive sulphide project near Everett, Wash. The project is currently …
Toronto Stock Exchange Inco, Franco-Nevada peak amid listless
The first initial public offering by a junior mining company to be cleared by The Toronto Stock Exchange so far this year was revealed to the public during the week ended July 9. Shares of Wheaton Riv…
American Reserve buys final 20% interest in Kutcho Creek
Ownership of the Kutcho Creek massive sulphide project is moving increasingly into the hands of American Reserve Mining (VSE). Situated near Dease Lake in northwestern British Columbia, Kutcho Creek i…
Prime moves to acquire Goldnev
Already the owner of 36.7% of the outstanding shares of Goldnev Resources (VSE), Prime Equities (VSE) plans to acquire the balance under a recently announced takeover offer. Prime is offering Goldnev …
22 Ontario projects receive $508,000
This year 11 Ontario universities will receive a total of $508,000 in provincial grants for 22 geoscience research projects, Mines Minister Gilles Pouliot has announced. The funding, about $500,000 e…
Wheaton shares get TSE clearance
Shares of Wheaton River Minerals, the first junior mining company to be cleared for listing on The Toronto Stock Exchange this year, were expected to be up and trading July 16. Formed to acquire the f…
IOCC GOLD OPTIONS (July 15, 1991)
The New York closing gold price was $369.40 per oz. Last quotations for gold options traded in Montreal and Vancouver as provided at the close of trading each Tuesday by the Montreal Exchange. Only th…
Spot prices at a glance (July 15, 1991)
Price (US) Week’s Change Gold* $370.20 + $ 2.45 Silver* $ 4.48 + $ 0.05 Platinum* $382.90 + $ 2.65 Nickel** $ 4.04 + $ 0.03 Lead** $ 0.25 $ 0.00 …
More good results from Westmin’s Myra Falls drilling
Ongoing drilling by Westmin Resources (TSE) returned more good assay results from the company’s Myra Falls mine property near Campbell River, B.C. Westmin is exploring a previously untested area near …
U.S. REPORT Fairbanks, Ventures Trident settle antitrust suit out
An antitrust suit filed under court seal against Fairbanks Gold (TSE) was recently settled before becoming public. The court seal gives companies five business days to resolve a dispute before it beco…
Alberta Stock Exchange Trump gets to work
Shares of Trump Reserve Minerals traded moderately in the week ended July 9, as surface exploration got under way at the company’s Benoit gold bet in northern Quebec. The 44-claim property is close to…