Geology makes Red Lake high-potential area
Red Lake is still one of the high potential mining camps of Ontario, according to regional geologist Brian Atkinson. The primary reason is clearly the geology despite the widespread covering of overbu…
News
Judge queries Pezim case ruling
A judge with the British Columbia Supreme Court disagrees with part of a ruling of the B.C. Securities Commission concerning a case against promoter Murray Pezim and two associates over insider-tradin…
Pilot plant next step for Peat
If Peat Resources (CDN) is successful in securing private sector financing, the company will construct a $4.5-million pilot plant to produce tonnage-scale quantities of peat fuel. Peat President Leon …
Potash Corp. profit up
The first-quarter profit of Potash Corp. of Saskatchewan is expected to be in the range of $11-13 million, up from $3.6 million in the year-earlier period, said Chairman Charles Childers. Childers rec…
FUTURES PRICES (April 22, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in UScl per lb.) Apr 108.35 108.10 108.15 +1.45 May 108.80 108.10 108.55 +1.40 Jun 108.05 107.95 108.05 +1.65 SILVER (in UScl per oz.)…
Lodestar acquires porphyry prospect
A diamond drilling program has been proposed to test Lodestar Explorations’ (VSE) recently acquired Taurus copper-molybdenum-gold property, 46 miles northeast of Tetlin Junction on the Alaska Highway….
IOCC GOLD OPTIONS (April 22, 1991)
Options Open Series Volume Last Interest May 360 C 20 10.50 55 Aug.380 C 10 8.60 96 May 360 P 30 4.50 150 The New York closing gold price was $361.40 per oz. Last quotations for gold options traded in…
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…
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…