Douay partners aim to increase reserve tonnage
The latest drilling program at the Douay Twp. gold property of Inco (TSE) and Societe d’Exploration Miniere Vior (ME) in Quebec’s Casa Berardi region is targeted in part at boosting estimated reserves…
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PEOPLE INSPIRATION RESOURCES
Gerard Munera elected a director.
NEWS IN BRIEF Sherritt Gordon
Toronto-based Sherritt Gordon (TSE) recently completed a previously announced public issue of 5.2 million common shares at $7.35 per share. The company says four million shares were sold on a “bought …
GOLD FUNDS (April 15, 1991)
Gold funds as of Apr. 9 BGR Central Net Value $9.01 $5.12 Price $7.88 $4.000 Discount 12.54% 10.2% Value $53,621,151 $77,391,780…
Placer Dome upsstake in Cache
Vancouver-based Placer Dome (TSE) recently increased its stake in Cache Explorations (ME) to 20.5% from 12.5% by purchasing an additional 600,000 shares of Cache at $1 per share. Cache shares recently…
Ester Dome property holds potential for low-grade gold
Recently released assay results from last year’s drilling program on the Ester Dome property by a subsidiary of Inco indicate the potential for a large, low-grade gold deposit. American Copper & Nicke…
Toronto Stock Exchange Arimetco active as investors await economic
Concern over interest rates and first-quarter earnings combined to drive some investors out of the market during the week ended April 9. Having profited from a first-quarter rally, which they fear may…
PEOPLE TROPICANA DEVELOPMENT
R. MacNeil appointed director succeeding Timothy Delaney who resigned.
Maradona
Presently inactive Maradona Resources(CDN) plans to get out of the mining business and into residential real estate. The junior, which used to hold a gold prospect in the Batchewana River area near Sa…
Westmin plans May startup for Tenajon’s SB
Operator Westmin Resources (TSE) plans to begin mining the 35 zone on the SB property before mid-May of this year, with the first batch of ore scheduled to be milled in mid-July. The company is earnin…
Wye plans to drill Saganaga Lake
Wye Resources (CDN) plans to begin a 5-hole program on its Saganaga Lake gold property, 75 miles southwest of Thunder Bay, Ont., as soon as the snow melts. Saganaga Lake, which straddles the Ontario-M…
Curragh, union far apart, Faro workers go on strike
Curragh Resources (TSE) Chairman Clifford Frame says he feels sorry for the families of 400 striking employees at the company’s lead-zinc operation at Faro, Y.T. But given the current state of metal p…