Gold Hawk options Ontario property
Consolidated Gold Hawk Resources (ASE) reports optioning a gold property in Rickaby Twp. in the Beardmore-Geraldton area of northwestern Ontario. Surface sampling has been encouraging; the company say…
News
Dryden completes drilling on QC property near Iskut
A recent drill program by Dryden Resource (VSE) returned encouraging results from both a gold- quartz vein system and a porphyry copper-gold system on the QC property in northern British Columbia. Dry…
Freeport seeks to extend mining contract in Indonesia
A new contract of work being negotiated with the Indonesian government would allow Freeport Indonesia, a subsidiary of Freeport-McMoRan Copper & Gold (NYSE) of Louisiana, to mine and explore a large a…
NO HEADLINE (October 14, 1991)
PRODUCER PRICES ALUMINUM: MW U.S. market US54.25-55.50 cents per lb. (Sep. 26, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep…
Drill results from SMC zone
Assay results were released by Adrian Resources (VSE) for the first four holes drilled to test the SMC zone discovery on the Sky Creek property in the Iskut River region of northwestern British Columb…
Kaiser aims to end legal issues stalling Madeleine project
Patrick Sheridan’s much publicized bid to bring the Lac des Iles palladium-platinum project into commercial production single-handedly ended recently when he resigned as president and director of Made…
Swift explores Eskay claims
Ron Netolitzky was recently named as technical adviser on Swift Minerals’ (VSE) properties in the Eskay Creek region of northwestern British Columbia. Swift can earn a 50% interest in four claim block…
Arimathaea sells Mid-East stake
Toronto-based Arimathaea Resources (TSE) recently sold its 19.9% stake in Australian company Mid-East Minerals at an average of just over A30 cent per share, resulting in a net profit of US$990,000. T…
NEWS IN BRIEF (October 14, 1991)
Tandem Resources (ME) reported increasing its interest in North American Rare Metals (ME) to 28.5% by purchasing 770,000 shares on the open market.
PROFILE (October 14, 1991)
Whenever analysts or investors talk about silver, they think of Idaho-based Hecla Mining, which is celebrating its centenary this year. The company’s pride of place, the Lucky Friday mine near Mullan,…
Pacific Sentinel private placement
A recently arranged private placement of 100,000 units at $1.60 per unit brings the cash position of Pacific Sentinel Gold (VSE) to over $3 million. The units include a share plus one share purchase w…
Toronto Stock Exchange (October 14, 1991)
As investors braced themselves for the fourth anniversary of the 1987 stock market crash and another round of quarterly earnings, share prices moved lower during the week ended Oct. 8. Predictions on …