NEWS IN BRIEF Quartz Mountain Gold
Shareholders of Quartz Mountain Gold (TSE) will vote Jan. 30 on a proposed 1-for-5-share consolidation. Should the consolidation be given the green light, regulatory approval will be required.
News
Nova-Cogesco gets shareholder nod
Shareholders of Nova-Cogesco Resources (ME) voted at a recent meeting in Montreal in favor of the sale of their company’s 20% interest in the Silidor gold mine just outside of Rouyn-Noranda, Que. Camb…
Bakertalc, International Larder agree to amalgamate
Two companies active in the industrial minerals field, International Larder Minerals (TSE) and Bakertalc (TSE), have agreed to amalgamate. For Bakertalc, a talc producer, the amalgamation will provide…
Demand seen slipping for base metals
After slumping by 21% in real terms in 1990, base metal prices are set to slip further in 1991 as demand continues to decline, writes Metals & Minerals Research Services of Great Britain in a recent M…
Exploration resumes at Thunderwood’s Scott Lake property
Exploration has resumed on the Scott Lake polymetallic property held by equal partners Thunderwood Resources (TSE) and Greenstone Resources (TSE). Situated 12 miles west of Chibougamau, Que., the prop…
GOLD FUNDS (January 21, 1991)
BGR Central Net value $9.66 $5.44 Price $8.38 $4.950 Discount 13.25% 9.0% Value $57,543,958 $83,280,285…
James named director of troubled Campeau
Within weeks of his appointment as president and chief executive officer at Denison Mines (TSE), Bill James has been named a director of Campeau Corp., a beleaguered real estate development company. J…
Eastmaque sets production record
A new quarterly production record was announced by Eastmaque Gold Mines (TSE) from its operations at Kirkland Lake, Ont., and from its 50% interest in the American Girl mining joint venture in Califor…
U.S. REPORT New filing rules
Effective Jan 1., unless mining claim documents are accompanied by filing fees, the U.S. Bureau of Land Management (BLM) will refuse to file the documents. The rejected documents will no longer be dat…
Anglesey’s plans for Parys Mountain holds historical significance
If Anglesey Mining and parent company, Imperial Metals (TSE), are successful with plans to bring on stream the Parys Mountain project in North Wales, it will become the first base metal mine of its ty…
Gwen raises stake in Holloway claims
Edmonton-based Gwen Resources (ASE) has increased its interest to 50% from 25% in a group of 101 gold claims situated in Holloway and Marriot twps., near Matheson, Ont. The remaining half interest in …
Toronto Stock Exchange Prices mixed as market counts down to
If this week’s trading activity is any indication, the markets are in for a rough ride during the rest of 1991. In the period ended Jan. 15, the composite 300 index posted five successive losing sessi…