Rhodes, Toltec drill low-grade bet
Recent surface work and drilling on the Gold Basin property in Arizona may be uncovering a large, low grade gold system, report partners Consolidated Rhodes Resources (VSE) and Toltec Resources (VSE)….
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OBITURARY John MacIsaac
John MacIsaac, the man known to many as Canada’s pre-eminent mining contractor, died recently at his home in Sudbury, Ont., after a lengthy battle with cancer. He was 84. The native of Butte, Mont., w…
Financing near for Castle Mt.
Financing for the construction of the Castle Mountain heap leach gold mine in San Bernardino Cty., Calif., is near at hand for Viceroy Resources (TSE). The company secured a credit facility with N.M. …
COATS (over-the-counter) OSC sheds COATS
The market is in such bad shape that it doesn’t matter who’s running it, remarked one over-the- counter broker when asked to comment on the TSE’s recent decision to take over COATS. It remains to be s…
Chilian to appeal suit ruling and continue gold exploration
After losing a court battle which has cost his company about $1.25 million, Metalore Resources (TSE) President George Chilian could be forgiven if he chose to quit the mining game. When an Ontario cou…
Revived Inlet plans drilling at Chibougamau
Drilling will get under way at the Grandroy mine project near Chibougamau, Que., this month, says property-owner Inlet Resources (VSE). Inlet will be testing the depth potential of the copper-gold dep…
TVX shareholders give nod to merger with Inco Gold
A new, large gold producer came into being recently when shareholders of Consolidated TVX Mining voted overwhelmingly in Toronto to merge their company’s operations with those of Inco Gold to create T…
Spot prices at a glance (January 14, 1991)
Week’s Price (US) Change Gold* $390.70 — $1.80 Silver* $4.09 — $0.07 Platinum* $414.25 — $2.00 Nickel** $3.95 + $0.17 Lead** $0.27 — $0.01 Copper- $1.16 — $0.03 Zinc $0.57 Courtesy of Scotiabank….
Analysts see flat year for gold, silver
It wasn’t exactly a stellar year in 1990 for the precious metals’ industry and if analysts are correct, 1991 isn’t going to be much better. At least not for gold and silver. Last year, high interest r…
Alberta Stock Exchange Golconda up 16 cents
A porphyry gold prospect in southern California has been acquired by Golconda Resources which rose 16 cents to close at 28 cents on volume of 82,000 shares. Golconda said widespread gold mineralizatio…
Sutton planning to acquire Romanex
An agreement-in-principle has been reached between Sutton Resources (VSE) and the owner of Romanex International for the acquisition of the latter company. If completed, the deal will result in Sutton…
Vancouver Stock Exchange Asiatel benefits from Link option
The Vancouver market indices remained relatively quiet during the report period ended Jan. 8, with little news to help spur activity. The composite index remained virtually unchanged at the 627-level …