Thai coal mine study scheduled
A $1-million environmental assessment study is to be undertaken in Thailand by Monenco Consultants in connection with the proposed development of a surface coal mine and power plant. The project will …
1991
Unlisted Trading Strike remains active
News of plans for a third drill program at the Robertson Twp. copper-zinc prospect near Matachewan, Ont., kept Strike Minerals active. Trading on a volume of 23,500 shares, the company closed at 35 ce…
GOLD FUNDS (May 06, 1991)
Gold funds as of Apr. 30 BGR Central Net Value $8.67 $4.98 Price $7.38 $4.700 Discount 14.88% 5.6% Value $51,639,780 $79,074,210…
Adonos placement
Adonos Resources (VSE), an affiliate of Balck Cliff Mines (TSE), reported arranging a private placement involving a minimum of 800,000 units and a maximum of one million units at $1.25 per unit.
U.S. REPORT Crown makes new gold discovery
Denver-based Crown Resources (VSE) is adding yet another new gold discovery to its already impressive exploration track record. The company recently announced a new find on its Kings Canyon project in…
METAL PRICES FREE MARKET (May 06, 1991)
London Metal Exhange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date April 30 April 29 April 26 April 25 April 24 Copper 1449-1451 1483-148…
Mining escapes NDP budget, but interest rate fears grow
The mining sector escaped relatively unscathed recently from an Ontario New Democratic Party budget that will drive the provincial deficit up to $9.7 billion in fiscal 1991-92. In a bid to bolster rev…
Grange looks for partners (May 06, 1991)
A consulting firm was recently hired by Grange Gold (VSE), a junior company looking to investigate possible joint ventures or partnership arrangements for its 50% owned Lovitt Mining. Lovitt owns abou…
Prime Equities gains Lorica position
The acquisition of 637,500 escrow shares of Lorica Resources (VSE) by Prime Equities (VSE) from former Lorica management has resulted in Prime taking over control of the company. Prime paid 5*CS each …
Colomac mine to close down
The performance of the Colomac gold mine in the Northwest Territories continues to improve as the remote open pit operation uses up remaining fuel supplies purchased by owner NorthWest Gold (TSE). Nor…
Hemlo reports lower earnings
While it reported a slight decrease in first-quarter profits recently, Hemlo Gold (TSE) continues to discuss the possibility of purchasing the gold assets of affiliate Noranda (TSE). If Hemlo was to …
Kingswood bullish on Mattagami bet
Kingswood Exploration (TSE) President Wayne O’Connor is encouraged by results from an 8-hole program on the company’s La Gouchetiere Twp. claims west of Matagami, Que. The Toronto-based company has b…