Suntac drilling ups reserves
Drilling results from a further four holes at the Polaris-Taku property in northern British Columbia indicate C-vein reserves will likely be increased. Suntac Minerals (VSE) is earning a 60% interest …
News
Gold shrugs off Moscow crisis, brief rally stalls
Stock markets reacted negatively and the price of gold was in convulsions following the latest political turmoil in the Soviet Union which saw the reform-minded president, Mikhail Gorbachev, removed f…
Private placement by Cal Graphite
A $3-million private placement involving 750,000 units (shares and warrants) at $4 per unit has been announced by Cal Graphite (VSE). Each unit will consist of one common share and a warrant to purcha…
New Mexican option for Chutine
As part of its strategy to tie up additional ground along the Sonora porphyry copper belt, Chutine Resources (VSE) has agreed to option a 400-hectare property near Moctezuma, Mexico. Under the agreeme…
Alberta Stock Exchange (August 19, 1991)
Active in the Kirkland Lake, Ont., and Matagami, Que., areas, Kingswood Explorations traded a hefty 814,400 shares for the week ended Aug. 13, slipping a penny to 20 cents. The company’s gold property…
Plane crash claims Hanson, Larche injured
Prospector John Larche is recovering in an Alberta hospital from severe injuries he sustained in an Aug. 7 plane crash that killed his passenger and fellow prospector Harris Hanson. Larche and his clo…
Falconbridge Gold pursues Canamax assets
Falconbridge Gold (TSE) has signed a letter of intent to purchase the 25,000 oz.-per-year Bell Creek gold mine and mill near Timmins, Ont., from Canamax Resources (TSE), for $5 million. Toronto-based …
Mineta, Auden amend deal
Under an amended agreement between Glen Auden Resources (TSE) and Mineta Resources (VSE), Mineta can purchase, at any time, a 2% net smelter royalty on the partners’ 25-claim property in Casa Berardi …
Sindor shelves Lisbon Valley
Denver-based Sindor Resources (TSE) has suspended development of the Lisbon Valley copper project in Utah after receiving the results of recent technical and financing studies. The company will also c…
PEOPLE (August 19, 1991)
Richard Brissenden appointed chief executive officer and director.
PROFILE (August 19, 1991)
The crew at Crown Butte Resources’ New World project in Montana is not taking a break this summer. Five diamond drills and two reverse circulation drills are working on two of the property’s deposits:…
Loan extension for Galactic, Cornucopia
The lender to the Ivanhoe joint venture has agreed to extend a term loan to joint venture partners Galactic Resources (TSE) and Cornucopia Resources (TSE). The companies owed US$6.86 million at the en…