Drilling continues on SIB claims
More assay results were released by equal partners Silver Butte Resources (VSE) and American Fibre (VSE) from ongoing drilling on the SIB claims in the Eskay Creek region north of Stewart, B.C. The cl…
News
People (August 05, 1991)
Terry Stanhope appointed director.
Toronto Stock Exchange (August 05, 1991)
Speculation that Placer Dome will soon be in a position to begin drilling on 39 claims returned to Metalore Resources after its court battle with Ontex Resources sent Metalore roaring to $13.75 from $…
Producer prices (August 05, 1991)
ALUMINUM: MW U.S. Market US59.50-61 cents per lb. (Jul. 11, 1991). ANTIMONY: New York dealer US84-85 cents per lb. (Mar. 14, 1991). BISMUTH: New York dealer US$3.05-3.15 per lb. (Jun. 27, 1991). CADMI…
Vancouver Stock Exchange (August 05, 1991)
The VSE managed to reverse its prolonged downward trend during the period ended July 30. The composite index added 6.36 points to finish at 562.32, and the resource index followed suit with a 5-point …
Platinova, Pegasus in property deal
An agreement has been entered into by Platinova Resources (TSE) with Pegasus Gold (TSE) concerning the former’s Skaergaard gold-palladium project in east Greenland. Pegasus will carry out a conceptual…
Renabie first to test Ontario’s new closure rules
Ontario’s first postwar gold mine, the Renabie mine about 200 km west of Timmins, Ont., is about to register another milestone — the first mine closed under the province’s new rules of the revised pr…
PROFILE (August 05, 1991)
Situated in northern Quebec, the Joutel copper deposit is believed to be similar in origin to the famous Louvicourt orebody. Recently Louvicourt’s part-owner Aur Resources signed an agreement with Jou…
Falconbridge offers early retirement
Nickel producer Falconbridge has instituted an early retirement program which will likely result in a staff reduction of 200-300 by the beginning of next year. In Sudbury, where Falconbridge will be a…
Homestake looks at Hughes Lang bet
Hughes Lang (VSE) has signed a letter of intent which clears the way for Homestake Canada to option the Pickle Pat property near Pickle Lake, Ont. By spending $800,000 and making cash payments totalli…
Financing (August 05, 1991)
Fairfield Minerals Ltd – 500,000 units consisting of 1 sh and 1 wt offered @ $1.16 per unit. North Slope Minerals Inc. – 1,200,000 shs offered @ 25 per sh. Avril Explorations Inc. – 500,000 shs offere…
South Atlantic arranges funding
A recently arranged private placement of 538,462 shares at the price of 65 cents per share will net South Atlantic Ventures (VSE) about $336,000 after commissions. The placement was purchased by Westm…