U.S. REPORT Westchester explores Golconda
Colorado-based Westchester Mining recently negotiated a lease with option to purchase of the Golconda mine property in Baker Cty., Ore. Terms of the transaction were not released. The privately held …
1991
TORONTO STOCK EXCHANGE INDICES (July 15, 1991)
July 09 July 08 July 05 July 04 July 03 HIGH LOW Comp”300″ 3497.39 3488.81 3482.21 3485.45 3479.07 4009.47 3009.91 Metals & Minerals 3178.44 3156.35 3160.20 3177.86 3155.08 3453.06 2502.63 Integra…
Correction (July 15, 1991)
Contrary to what was previously published (“Keeping Secrets,” T.N.M., June 10/91), Amada Mineral Corporation of Denver, Colo., is a private company.
Cross Lake
Looking for massive sulphide deposits, Cross Lake Minerals (VSE) has purchased 51 claims at Timmins, Ont., for $4,080 and 100,000 shares. The claims cover a rhyolite-basalt contact thought to be part …
Noranda seeks Heath Steele backing
The recent 10-month-long strike at the Brunswick zinc-lead mine near Bathurst, N.B., has forced Noranda (TSE) and 67% owned affiliate Brunswick Mining & Smelting (TSE) to look for help in expanding it…
First hole pulls good values from Spectrum project
The first hole of this season’s drilling program on the Spectrum property in northwestern British Columbia returned a number of good gold intersections. Hole 91-63 intersected 176 ft. (from 100 ft. t…
No acceptable bids for Lobo
No acceptable offers were received by Cominco Resources International (TSE) and its joint venture partner for the Lobo gold property in Chile. N.M. Rothschild & Sons solicited bids for the sale of th…
Crew, Moraga state reserves on Vancouver Island property
A preliminary reserve estimate was released by Crew Natural Resources (VSE) for the Red Dog copper property on northern Vancouver Island. The project is near a producing copper mine, and is being dev…
O&C sells assets, buys back shares
Planning to diversify its activities in North America, Osborne & Chappel Goldfields (TSE) has agreed to sell half of its 50% interest in the Los Lilenes SA group of Panama to its major shareholder, Od…
Montreal Exchange Lyon Lake active
Investors were in a positive mood during the week ended July 9. The general market portfolio index jumped by 23.7 points and the mining and minerals index gained almost seven points. Daily trading vol…
EDITORIAL PAGE Building on resources
Those who would have us abandon our resource-based economy would do well to study the most recent figures on the contribution resources make. Minerals, energy and forestry combined account for more t…
Unlisted Trading Horne moves on slag
Horne had been negotiating with a U.S. partner for a 50% interest in the project for which leaching, the company said, may be the preferred method for metal extraction. That partner, Horne said, has a…