NEWS ROUNDUP (November 04, 1991)
Onitap Resources (TSE) says Exploration Orex (ME) defaulted on its July 1, $25,000 instalment payment for the purchase of the Goldboro deposit in Nova Scotia and has failed to make any subsequent mont…
1991
Taysan study completed
A study by Fluor Daniel Wright Engineers has confirmed previous estimates made by Chase Resources (VSE) on the Taysan copper project in the Philippines. Chase has an option to purchase a 59.9% interes…
N.W.T. explorers await transport link
A Canadian shipping company, Canarctic, is proposing to examine the development of a marine transportation system to service resource development in the Coronation Gulf region of the Northwest Territo…
Lone Tree mine pours first gold
The first gold was poured recently at the Lone Tree mine of Santa Fe Pacific Gold, a unit of Santa Fe Pacific Corp., near Winnemucca, Nev. Output of 28,000 oz. gold is estimated for 1991 from the mine…
Guest Column (November 04, 1991)
In my early trading youth in the U.S., a company that successfully climbed the corporate ladder would follow a definitive path in the trading of its securities. When it first went public, it would be …
Alberta Stock Exchange (November 04, 1991)
Goldhunter Explorations jumped to the top of the most active list as the company announced an option on ground next to the recent base metal discovery of Fort Knox Gold Resources. Trading 615,500 shar…
Fortune’s samples give gold values
Recent work by Fortune Minerals (CDN) on its Robin claims in the Russell Lake area of the Northwest Territories has returned encouraging results. A batch of 10 grab samples taken along the southern ex…
Denison sells Sicily oil interest
Toronto-based Denison Mines (TSE) recently agreed to sell its 10% interest in the Vega oilfield offshore Sicily to an unnamed buyer who will assume $29.2 million in debt. As a result, Petromarine Ital…
Drilling continues at Trout Lake mine
Exploration drilling at the Trout Lake polymetallic mine near Flin Flon, Man., continues to confirm the presence of several individual lenses below the 560-metre level. Most of the summer work, 7,775 …
Teck options Montgay project
A letter of intent has been signed by Ressources William (ME) with Teck Exploration, a unit of Teck (TSE), which will permit Teck Exploration to earn a 51% interest in the 38-claim Montgay property ab…
Loki, Hemlo discover new gold zone at Brewery Creek
A recent exploration program has identified a new gold zone and new geochemical anomalies which partners Hemlo Gold (TSE) and Loki Gold (VSE) believe could increase the reserve potential of the Brewer…
Cigar Lake mines first ore at high-grade uranium deposit
Cigar Lake Mining says it has successfully completed the first test mining of the Cigar Lake uranium deposit in Saskatchewan. Using a remote-controlled boring machine, the company mined the orebody fr…