Merger proposed between MinVen and United Coin
Denver-based MinVen Gold (TSE) is set to acquire full ownership of the Golden Reward mine in South Dakota by merging with United Coin Mines (TSE). MinVen holds 33% of the low-grade Black Hills heap le…
1991
Taywin acquiring Mexican property
In concert with numerous other juniors looking further afield for promising mineral properties, Taywin Resources (VSE) recently announced it is participating in a Mexican exploration program involving…
Curragh uses new coal mine as security for $55 million
The Westray coal mine in New Glasgow, N.S., was officially opened recently by Clifford Frame, chairman of affiliated Curragh Resources (TSE), the lead-zinc producer which also announced a debenture of…
FINANCING (September 16, 1991)
Wiscan Resources Inc – 2,500,000 units consisting of 1 sh and 1 Series C wt offered @ 30 cents per unit.
Canarc in control of Polaris-Taku
The purchase of a controlling interest in Rembrandt Gold Mines (ASE), along with a fully diluted 43.6% controlling interest in Suntac Minerals (VSE), has given Canarc Resources (VSE) and its principal…
Spot prices at a glance (September 16, 1991)
Week’s Price (US) Change Gold* $347.50 – $ 1.10 Silver* $ 3.97 + $ 0.04 Platinum*$346.50 + $ 2.50 Nickel**$ 3.64 + $ 0.12 Lead** $ 0.25 + $ 0.01 Copper $ 1.06 + $ 0.03 Zinc $ 0.47 + $ 0.01 Courtesy of…
Giant Bay active in Malaysia
Bioleaching technology specialist Giant Bay Resources (TSE) is moving to take advantage of opportunities in northeast Malaysia following the decline of the communist party there. The Vancouver-based c…
Infill drilling at Tulsequah confirms continuity of grade
Initial results from infill drilling at the Tulsequah Chief property in northwestern British Columbia are confirming the deposit’s continuity at grades similar to those released in reserve estimates. …
TORONTO STOCK EXCHANGE INDICES (September 16, 1991)
Sept 10 Sept 9 Sept 6 Sept 5 Sept 4 High Low Composite “300”3448.15 3478.96 3488.29 3485.49 3486.84 4009.47 3009.91 Metals & Minerals2976.40 3008.09 3026.10 3034.07 3022.42 3453.06 2502.63 Integrated …
Cathedral in the red
Higher production costs at the Sterling gold mine in Nevada pushed Cathedral Gold (TSE) into the red with a loss of $51,000 on revenue of $726,000 for the second quarter ended June 30. The results com…
Permits approved for Adonos project
Permits needed for the re-opening of the Idaho Springs mining property in Colorado have been approved, Adonos Resources (VSE) reported. Adonos, which has a 50% interest in the project, said the proper…
Alberta Stock Exchange (September 16, 1991)
Taking top spot on the most active list for the week ended Sept. 10 was Stampeder Exploration, a generally quiet trader with mineral properties near Timmins, Ont. Trading 539,500 shares, the junior al…