Longold acquires Benoit properties
Vancouver-based Longold Resources (VSE) has acquired two properties in Benoit Twp., Que. where several juniors have recently become active following a recent gold discovery by TSE-listed Freewest Reso…
1991
Rio Algom targeting base metals in new ore search
Toronto-based Rio Algom (TSE) is spending about $20 million this year as part of an aggressive exploration effort to locate new base metal and gold deposits in Canada, says Exploration Vice-President …
Aur plans 2 shafts at Louvicourt, surface drilling continues
Out of the news lately but still busy, the partnership of Aur Resources (TSE) and Societe Miniere Louvem (TSE) is moving fast toward the critical development stage at its Louvicourt Twp. base metal jo…
Toronto Stock Exchange Freewest up as market considers economic
With little else to focus on apart from weak gold prices and a flurry of mixed economic signals, confused investors elected to stay out of the market during the week ended March 19. Although Finance M…
Metall raises $65m from public offering
Metall Mining (TSE) has raised $65 million from a public offering to reduce bank debt and provide funds for other corporate purposes, including the financing of projects in North America, Europe and t…
IOCC GOLD OPTIONS (March 18, 1991)
Options Open Series Volume Last Interest Aug. 380 C 2 10.50 78 Aug. 400 C 40 6.00 93 Aug. 440 C 25 1.60 70 The New York closing gold price was $364.50 per oz. Last quotations for gold options traded i…
`Digger’ Gorman concludes series with talk on prospecting
Well-known and respected geologist Dr. D.H. “Digger” Gorman will give the concluding paper in a series of five talks on prospecting and mining organized by the Prospectors and Developers Association o…
Assays awaited on Orex’s Goldboro
A 4-hole test drilling program has been completed by Minnova (TSE) on Exploration Orex’s (ME) Goldboro property in Guysborough Cty., N.S. The program was designed to confirm results from four earlier …
380 attend underground operators conference
Mine operators from across Canada turned out here in record numbers during the festive winter carnival season, Feb. 24-27, to take in the unique French Canadian hospitality and to exchange mine operat…
U.S.REPORT Durvada farms out Nevada properties
Calgary-based Durvada Resources (ASE) has farmed out two of its gold properties in the Sandy Valley area of southwestern Nevada to Dundee Resources (VSE) and Reymont Gold Mines (ASE). In the first dea…
Noranda drops Merry Widow
After carrying out a limited exploration program, aunit of Noranda (TSE) has decided not to continue its option onthe Merry Widow property owned by Taywin Resources (VSE) on Vancouver Island in southw…
Montreal Exchange Claim dispute brewing
A claim-staking dispute is brewing over property in Benoit Twp. in northwestern Quebec near where a gold showing by Freewest Resources recently caused a staking rush. The Freewest discovery instantly …