Dromedary to earn La Choya interest
An option to buy the La Choya gold project in Mexico was recently acquired by Hecla Mining (NYSE). Should Hecla decide to place the property into production, Dromedary Exploration (VSE) has the right …
1991
PRODUCER PRICES (December 09, 1991)
ALUMINUM: MW U.S. market US51.25-51.75 cents per lb. (Nov. 26, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CAD…
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Halifax-based NovaGold Resources (TSE) expects to begin a second drill program on its base metal property in the California Lake area of northeastern New Brunswick after receiving results from the fir…
MacBride Lake returns zinc values
Drilling on the MacBride Lake property near Lynn Lake, Man., returned a number of zinc and copper intersections for Eastmin Resources (VSE) and Bellex Resources (VSE). Bellex is earning a 49% interest…
Alberta Stock Exchange (December 09, 1991)
With three option agreements in hand, Goldhunter took off during the week ended Dec 3., gaining 20 cents to close at 46 cents. Goldhunter, which holds property on the western and northern boundaries o…
INSIDER TRADING (December 09, 1991)
TVX Gold directors Fernando Cabral Silva and Nigel Lees took the opportunity recently to reduce their holdings in the Toronto-based company. According to the Ontario Securities Commission OSC Bulletin…
Big Creek to acquire option in Casino Silver prospect
Archer, Cathro & Associates (ACA) recently agreed to assign Big Creek Resources (VSE) its option to earn a 50% interest in the Casino property owned by Casino Silver Mines (VSE). The property, in the …
Minnova’s future lies in Northwest Territories
Awash with cash but short of ore reserves, Toronto-based Minnova (TSE) has agreed in principle to buy Falconbridge’s interests in three Northwest Territories copper-zinc properties for US$20 million. …
Crown Jewel deposit outlined
The recent stepout drilling program on the Crown Jewel property in northeastern Washington state has essentially outlined the limits of the deposit, and a new reserve estimate is currently being calcu…
Great Western options War Eagle ground
Two properties owned by the Mexican subsidiary of War Eagle Mining (VSE) have been optioned by Great Western Gold (VSE). The ground adjoins War Eagle’s La Blanca property in Mexico. War Eagle’s share …
Courageous calls for amalgamation
Shareholders of American Chromium (ASE) and Courageous Exploration (ASE) will be asked to approve a merger at special meetings on Dec. 17. If the merger is approved, shareholders will receive one comm…
Cream Silver wins legal battle
The Supreme Court of British Columbia has ruled that Cream Silver Mines (VSE) is entitled to compensation for the loss of mineral claims “expropriated” by the provincial government in 1988. As of mid-…