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…
News
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…
NEWS IN BRIEF Southlands Mining Corp.
Southlands Mining Corp. (SSM:VSE) has changed its name to Euro-Pacific Resource Group Inc. (ERO:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Montreal Tr…
FUTURES PRICES (June 24, 1991)
N.Y. Commodity Exchange High Low Close Week’s Change COPPER(HG) (in US cents per lb.) Jun 99.40 98.60 98.60 -1.80 Jul 99.80 98.20 99.05 -1.65 Aug…
Sutton expands Tanzanian holdings
Already the owner of a large nickel deposit in western Tanzania, Sutton Resources (VSE) recently signed an agreement with the government of Tanzania which, if completed, would give the company explora…
Eurus options Columbia’s spectrum
A recently completed agreement between Eurus Resources (VSE) and Columbia Gold Mines (VSE) will allow Eurus to earn a 50% interest in Columbia’s Spectrum/Hawk property in return for a total of $8 mill…
TORONTO STOCK EXCHANGE INDICES (June 24, 1991)
June 18 June 17 June 14 June 13 June 12 HIGH LOW Comp “300” 3549.87 3547.21 3559.76 3552.64 3558.12 4009.47 3009.91 Metals & Minerals 3235.87 3227.54 3212.18 3168.05 3180.46 3453.06 2502.63 Integra…