Tests inconclusive at Trail smelter
Revisions to the problem-plagued QSL lead smelter at Trail, B.C., will remain on hold while test work continues aimed at resolving major process and mechanical difficulties which forced a shutdown of …
News
Financing (July 29, 1991)
Omax Resources Ltd. – 500,000 shs offered @ 50 cents per sh. Tombstone Explorations Co. Ltd. – 800,000 units consisting of 1 sh and 2 series “A” purch wts offered @ 45 cents per unit Jordex Resources …
Vendors, operators battle over NPI royalties
The confusion surrounding net profits royalties (NPIs) and their definition is resurfacing once again, this time in the form of a dispute between American Barrick Resources (TSE) and part-time prospec…
Placer Dome relocates offices for exploration
During the next 6-9 months, Placer Dome (TSE) plans to expand its international exploration presence and re-allocate resources in Canada. New exploration offices will be opened at Coral Gables outside…
Silver Butte, American Fibre get mixed results from SIB
The best hole of nine recently drilled on the SIB claims in the Eskay Creek region of northwest British Columbia returned a 9.8-ft. intersection grading 0.23 oz. gold and 54.9 oz. silver per ton from …
Bull Run extends share purchase
Colorado-based Bull Run Gold Mines (NASDAQ) says its directors have extended the share repurchase plan approved last December. Under the extended plan, Bull Run may purchase up to two million of its c…
Renabie closing looms closer
Mining operations at the Renabie gold mine near Wawa, Ont., will cease permanently as early as Aug. 4 and no later than Sept. 30, says Renabie Gold Mines, a subsidiary of International Corona (TSE). A…
Toronto Stock Exchange Indices (July 29, 1991)
July 23 July 22 July19 July 18 July 17 High Low Composite”300″ 3535.37 3545.38 3561.30 3561.19 3541.83 4009.47 3009.91 Metals & Minerals3217.36 3258.41 3276.94 3299.99 3251.53 3453.06 2502.63 Integrat…
IOCC Gold Options (July 29, 1991)
Options Open Series Volume Last Interest The New York closing gold price was $367.60 per oz. Last quotations for gold options traded in Montreal and Vancouver as provided at the close of trading each …
Alberta Stock Exchange (July 29, 1991)
Despite havoc in the retail markets, the Alberta market kept its head above water during the first half of 1991. While trading activity and dollar value decreased by 7.2% and 25.5% respectively, the n…
Billiton drilling extends zone at Blende zinc-lead property
Drilling on the Blende property in central Yukon has extended the new zone of mineralization encountered in the first hole of this season’s drilling program. The previously released discovery hole int…
Yukon natives negotiate claims
The Council for Yukon Indians, Na-cho Ny’a’k Dun First Nation, the Yukon government and the federal Department of Indian Affairs and Northern Development recently completed negotiations on the princip…