Rio taking control of South Kemess project
An agreement has been reached between St. Philips Resources (VSE) and Rio Algom (TSE). It gives Rio the option to purchase up to 3.8 million treasury shares of St. Philips plus 1.2 million shares (exi…
1991
Galico options Cominco claims
A program of diamond drilling and geophysical surveying is being planned by Galico Resources (VSE) for the Metla property 15 miles northwest of the Golden Bear gold mine in northwestern British Columb…
Toronto Stock Exchange Inco reaches high as investors bet on
The upward trend in share prices continued during the week ended April 2 as interest rates dropped to 10.75% and investors placed their bets on an early end to the economic recession. While Januarys 1…
Vancouver Stock Exchange Thios, Eurus intersect new zone
The week ended April 2 proved relatively quiet with the VSE composite index adding about 10 points to finish at the 580 level. The resource index slipped 3.4 points to close at 574.24. Gold remained l…
Placer explores Skyline’s porphyry
Decades before Skyline Gold (TSE) starting mining gold at Johnny Mountain, the Iskut River region of northwestern British Columbia was intermittently examined by various mining companies interested in…
NEWS IN BRIEF Interantional Azora Minerals Inc.
International Azora Minerals Inc. (IAZ:VSE) has changed its name to Power Battery Holdingss Corp. with no consolidation of capital. The new company will have no further interest in mining.
NEWS IN BRIEF Consolidated Parklane Resources Inc.
Consolidated Parklane Resources Inc. (PK:VSE) has changed its transfer agent to Pacific Corporate Trust Co.
METAL PRICES FREE MARKET (April 08, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date April 2 April 1 March 29 March 28 March 27 Copper 1394-1295 N/A N/A 1405-1406 1390-1…
In New Brunswick Sewell Brook area booms
At least 1,500 claims have been staked in the Sewell Brook area of north-central New Brunswick since the discovery of a massive sulphide lens there last fall. As drilling on NovaGold Resources’ (TSE) …
NEWS IN BRIEF Kelso Resources Ltd.
Kelso Resources Ltd. (KLS:VSE) has changed transfer agents to Pacific Corporate trust Co.
Louvem reserves up Aur meeting told
Infill drilling at the Louvicourt Twp. massive sulphide project of Aur Resources (TSE) and Societe Miniere Louvem has resulted in a slight increase in undiluted preliminary reserves. But otherwise the…
Alberta Stock Exchange Golconda up 26 cents
The week ended April 2 saw the price of gold bullion remain sluggish at US$359 per oz. as the yellow metal continued to suffer from a lack of speculative demand. Despite the lacklustre gold price, Gol…