Metal Prices FREE MARKET (June 24, 1991)
London Metal Exhange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 18 June 17 June 14 June 13 June 12 Copper 1359-1361 1354-1355 1341-1…
News
PEOPLE BRENNA RESOURCES
Glen Metcalf appointed director.
Minera Rayrock’s Chilean discovery
Minera Rayrock (TSE) and partner Hecla Mining (NYSE) say their equally owned Chilean subsidiary, Minera Dona Isabel, has intersected a wide zone of good grade gold mineralization on the Pullali proper…
PEOPLE EASTMIN RESOURCES
J. McDonald appointed director.
TVX seeks even split from North, South American output
Celebrating its first annual meeting, TVX Gold (TSE) reported 1990 gold production of 228,200 oz. at a cash cost of US$228 per oz. According to Martin Robinson, president and chief executive officer,…
New funding for Coleraine
Financial assistance up to a maximum of $217,665 to go toward a ferrochrome project in the Thetford Mines, Que., area has been confirmed by the Quebec government, Coleraine Mining Resources (ME) repor…
U.S. REPORT Glamis options DRX property
A recent agreement with a subsidiary of DRX Resources (NASDAQ) gives Glamis Gold Mines (TSE) an exclusive 90-day option to examine DRX’s Commonwealth gold-silver property. The property is in Cochise C…
American Bullion (June 24, 1991)
A private placement of 200,000 units at 50 cents each with United Mineral Services will net American Bullion Minerals (VSE) $100,000. United is a private firm wholly owned by Robert Dickinson. The uni…
Insider Trading Regal director on buy side
Regal Goldfields (CDN) director Robert Taylor recently increased his position in the Toronto-based diamond exploration company which has options on claims covering a kimberlite pipe northeast of Kirkl…
Ontario Hydro pays premium so Rio mine can remain open
Some of the uncertainty felt by 575 employees at Rio Algom’s (TSE) Stanleigh uranium mine at Elliot Lake, Ont., was removed recently when the company agreed to amend its long-term supply contracts wit…
LAC, Equinox pull big hole at Rosebud gold property
Drilling on the Rosebud property in Nevada by joint venture partners Equinox Resources (TSE) and LAC Minerals (TSE) has returned a 178-ft. intersection grading 0.72 oz. gold per ton. The hole was dri…
LETTERS TO THE EDITOR Diagnosis of exploration’s malaise
The level of mineral exploration in Canada has fallen dramatically during the past 18 months. The principal causes are: –The deteriorating state of the equity markets, particularly for junior resourc…