Cathedral reports quarterly loss (June 10, 1991)
A loss of $33,000 was reported by Cathedral Gold (TSE) for the first three months of this year, compared with a loss of $57,000 in the 1990 first quarter. The company has a 52% interest in the Sterli…
News
Only one of latest drill holes gives Glimmer good results
Seven holes recently completed at Glimmer Resources (TSE) Beatty-Hislop gold property near Matheson, Ont., failed, with one exception, to intersect significant mineralization. Hole 54 intersected a 2…
IOCC GOLD OPTIONS (June 10, 1991)
The New York closing gold price was $362.50 per oz. Last qu for gold options traded in Montreal and Vancouver as provided at th trading each Tuesday by the Montreal Exchange. Only the eight most an…
GOLD FUNDS (June 10, 1991)
BGR Central Net Value $8.74 $5.12 Price $7.50 $4.700 Discount 14.19% 8.2% Value $52,026,371 $79,074,210…
Drift cuts 96 ft. of 0.31 oz. gold at Paymaster
Assay results from the Paymaster gold mine project near Timmins, Ont., have prompted mining executive Pat Sheridan to purchase an 18.5% stake in American Reserve Mining (ME), a partner on the project,…
Unlisted Trading Willingdon big trader
During a week of scanty news from juniors on the Dealing Network, over two million shares of Willingdon Resources changed hands, taking the stock from a low of 80 cents to a high of $2.10. The company…
OBITUARY Harvey Stevenson Southam
Harvey Stevenson Southam, senior vice-president of Southam Business Communications Inc. responsible for Canadian publishing including The Northern Miner, died suddenly May 31 in Toronto. Southam was b…
Pronto in default on Wilanour bet
According to a notice from partner TVX Gold (TSE), Pronto Explorations (TSE) is in default of joint venture payments totalling $613,942 — Pronto’s share of expenses for the Wilanour property at Red L…
Spot prices at a glance (June 10, 1991)
Price (US) Week’s Change Gold* $361.60 + $ 0.85 Silver* $ 4.17 + $ 0.03 Platinum* $378.50 — $14.15 Nickel** $ 3.70 — $ 0.04 Lead** $ 0.24 …
U.S. REPORT Cominco Resources tests imported ore
A 20,000-tonne test shipment of imported nickel ore is expected to be received this month at the Glenbrook nickel smelter in Riddle, Ore. Cominco Resources International (TSE), which owns 50% of the …
U.S. REPORT Production decision for Beartrack expected from FMC by
A production decision is expected sometime later this year for the advanced Beartrack gold project in Lemhi Cty., Idaho. FMC Gold (NYSE) has a 71% interest in the property comprised of the North and…
Lenora considers Mexico for potential exploration work
With cash in its treasury, Greater Lenora Resources (TSE) is looking for development from its Canadian property interests in Quebec, Ontario, Saskatchewan and the Yukon, and is even looking to Mexico …