PROFILE Peter Bojtos expands RFC’s Pend Oreille
Situated in northeastern Washington State is the Pend Oreille property, whose Yellowhead zone recently yielded encouraging results. Halfway through the current drill program, RFC Resource Finance, 44%…
News
U.S. REPORT Westchester explores Golconda
Colorado-based Westchester Mining recently negotiated a lease with option to purchase of the Golconda mine property in Baker Cty., Ore. Terms of the transaction were not released. The privately held …
TORONTO STOCK EXCHANGE INDICES (July 15, 1991)
July 09 July 08 July 05 July 04 July 03 HIGH LOW Comp”300″ 3497.39 3488.81 3482.21 3485.45 3479.07 4009.47 3009.91 Metals & Minerals 3178.44 3156.35 3160.20 3177.86 3155.08 3453.06 2502.63 Integra…
Correction (July 15, 1991)
Contrary to what was previously published (“Keeping Secrets,” T.N.M., June 10/91), Amada Mineral Corporation of Denver, Colo., is a private company.
Cross Lake
Looking for massive sulphide deposits, Cross Lake Minerals (VSE) has purchased 51 claims at Timmins, Ont., for $4,080 and 100,000 shares. The claims cover a rhyolite-basalt contact thought to be part …
Noranda seeks Heath Steele backing
The recent 10-month-long strike at the Brunswick zinc-lead mine near Bathurst, N.B., has forced Noranda (TSE) and 67% owned affiliate Brunswick Mining & Smelting (TSE) to look for help in expanding it…
Feasibility done on Sphinx project (July 15, 1991)
A feasibility study carried out on the Duvay heap leach gold project north of Amos, Que., concludes that total costs would be $10.43 per ton, Societe Miniere Sphinx (VSE) reported. Direct recovery co…
First hole pulls good values from Spectrum project
The first hole of this season’s drilling program on the Spectrum property in northwestern British Columbia returned a number of good gold intersections. Hole 91-63 intersected 176 ft. (from 100 ft. t…
GOLD FUNDS (July 15, 1991)
Gold funds as of July 09 BGR Central Net Value $9.48 $5.34 Price $8.50 $5.000 Discount 10.34% 6.4% Value $56,439,063 $84,…
Drilling below 1,000-ft. level enhances Casa Berardi East
Exploration below the 1,000-ft. level at the Casa Berardi East mine near La Sarre, Que., continues to produce encouraging results for partners TVX Gold (TSE) and Golden Knight Resources (TSE). Golden …
No acceptable bids for Lobo
No acceptable offers were received by Cominco Resources International (TSE) and its joint venture partner for the Lobo gold property in Chile. N.M. Rothschild & Sons solicited bids for the sale of th…
Crew, Moraga state reserves on Vancouver Island property
A preliminary reserve estimate was released by Crew Natural Resources (VSE) for the Red Dog copper property on northern Vancouver Island. The project is near a producing copper mine, and is being dev…