1991



Non-cash offer — Royal Oak bids for Hope Brook

The Hope Brook gold mine in Newfoundland could be re-opened next summer if Royal Oak Mines (TSE) is successful with its plans to acquire the mine and related facilities from Hope Brook Gold, a subsidi…


Battle Mountain ups reserves at Jewel

Stepout drilling over the past year on the Crown Jewel property in northeastern Washington state has boosted preliminary estimates of reserves to 8.7 million tons grading 0.19 oz. gold per ton. The ne…


MVP bondholders approve plan

Holders of MVP Capital’s (TSE) 5.75% convertible Swiss Bonds have approved all matters relating to a proposed reorganization that will enable them to exchange their bonds for cash and preferred shares…


Crown Butte ups gold content at 100% owned New World

An updated preliminary reserve estimate was released by Crown Butte Resources (TSE) for its 100% owned New World gold-silver-copper project in Park Cty., Mont. The advanced project is being explored a…


Royalstar to sell 2.9 million shares

Royalstar Resources (VSE) says it has reached agreement-in-principle with Credit Lyonaisse Lang of the United Kingdom whereby the latter will act as agent in the sale of 2.9 million Royalstar shares a…


Montreal Exchange (December 30, 1991)

The holiday season buoyed investors, who turned out in strong numbers during the period ended Dec. 23. Daily trading volumes ranged between 4.2 million and 10.9 million during the four days, driving t…


Inco takes over Fort Knox play

Big brother Inco (TSE) has taken over the supervision of exploration at Fort Knox Gold Resources’ (TSE) base metal prospect in the Shining Tree area of northeastern Ontario. The decision was announced…


More drilling for Preview Lake

Preview Lake partners Windarra Minerals (TSE) (20%), Cameco (TSE) (50%) and Uranerz Exploration and Mining (30%) have agreed to spend $2 million to look for additional reserves at the Contact Lake dep…


New lens found at Myra Falls

Although 1991 was not a particularly good year on the financial front, Westmin Resources (TSE) enjoyed an extraordinarily successful year exploring its Myra Falls mine property near Campbell River, B….


Drilling results from Courville

Extensions of zone A at the Courville gold property northeast of Val d’Or, Que., may have a lower grade than that found in the centre of the zone, Cache Explorations (ME) says. A summer drilling progr…


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