Some points to ponder
I think that overall the Russian gold industry is in serious trouble. It’s obvious the bulk of Russian gold through 1930-1960 came from the placer gold fields of the Soviet Far East and that the sourc…
1991
Durga writes off exploration costs
Durga Resources (ASE) has written off $1.9 million in deferred exploration expenditures for the fiscal year ended March 31. More than half of the writeoff expense is attributed to Durga’s gold prospec…
Belmoral gets $2 m refundable credit
Toronto-based Belmoral Mines (TSE) recently received an assessment notice from the Quebec Ministry of Natural Resources relating to provincial mining duties. Belmoral is scheduled to receive a $2.2-mi…
Eastmaque closing tailings project
Eastmaque Gold (TSE) has elected to close its Kirkland Lake, Ont., gold tailings reclamation and recovery project after extracting about 12,500 oz. this year. While the 19,865 oz. recovered from the p…
Morrison selling Aerodat interest
Subject to regulatory and shareholder approval, Morrison Minerals (TSE) plans to sell its shares in Aerodat Ltd., a private company in the airborne geophysical service industry, to Geonex Ltd. Morriso…
Rayrock buys 20% of New Canamin
Intrigued by New Canamin Resources’ (VSE) recently acquired copper porphyry plays in central British Columbia, Rayrock Yellowknife Resources (TSE) has purchased, through a private placement, 600,000 s…
Near Quebec City Soquem drills base metal find
Soquem, the Quebec government’s mineral exploration company, has discovered zinc-copper-silver-gold mineralization on its wholly owned Dussault property, 40 km northwest of the former Montauban mines …
NEWS IN BRIEF (October 21, 1991)
Glenvet Resources Ltd. (GVT:VSE) has changed its name to Fort Point Resources Ltd. (FTP:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.
Merge of Rio not on Uranium agenda
The proposed merger of Rio Algom (TSE) and in situ leaching specialist Uranium Resources (TSE) will not be discussed at Uranium’s Nov. 7 annual meeting in Dallas. The Texas company has twice postponed…
Spot prices at a glance (October 21, 1991)
Week’s Price (US) Change Gold* $356.40 – $1.20 Silver* $ 4.05 – $0.03 Platinum* $365.75 + $9.00 Nickel** $ 3.35 – $0.07 Lead** $ 0.23 – 0.01 Copper $ 1.07 – 0.01 Zinc $ 0.44 – 0.01 Courtesy of Scotiab…
Companies face criminal charges
Criminal charges have been laid against Royal Oak Mines (TSE) (and its predecessor, Pamour Inc.) by the Ontario Ministry of the Environment in connection with the Oct. 17, 1990, tailings spill at the …
FUTURES PRICES (October 21, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 105.95 104.80 105.60 – 2.40 Nov 105.15 104.30 105.00 – 2.00 Dec 104.50 102.80 104.10 – 1.90 SILVER (in US cen…