Aur probing Charlim property
Toronto-based Aur Resources (TSE) recently commenced field work on a 63-claim base metal property in the Joutel-Poirier area about 100 miles north of Val d’Or, Que. Under an agreement with Charlim Exp…
1991
METAL PRICES (December 23, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec 17 Dec 16 Dec 13 Dec 12 Dec 11 Copper 1191-1192 1187-1188 1193-1195 1209-1211 12…
U.S. REPORT (December 23, 1991)
Homestake Mining (NYSE) and Goldstake Explorations (TSE) have suspended work on the Whitewood Creek tailings project in South Dakota until gold prices improve. The project, a 50-40-10 joint venture am…
Starmin, Adonos test oxide zone
An exploration verification program aimed in part at determining the tonnage of a near-surface copper oxide zone, the grade of acid-soluble copper and the precious metal (gold and silver) content at t…
Loss narrows for Goldfields
First-quarter losses for Consolidated Nevada Goldfields (TSE) during the three months ended Sept. 30, narrowed to US$235,000 from a loss of US$2.1 million in the same period last year. The improved re…
JKS Boyles lays off 30 at Orillia
A restructuring plan by international equipment manufacturer JKS Boyles recently resulted in the elimination of 30 jobs at the company’s Orillia, Ont., facility. The Orillia location, which has been d…
Golden Tag takes 50% interest in claims near Grevet
Subject to regulatory approval, Golden Tag Resources (VSE) has acquired a 50% interest in 41 claims in Verneuil Twp., Que., adjacent to Grevet Twp. and eight miles east of Quevillon. No serious explor…
EDITORIAL PAGE (December 23, 1991)
The Nunavut land claim agreement signed recently by the federal government and the Tungavick Federation is far from settled. It still has to be approved by a March 16 plebiscite of residents in the ar…
CSA purchase
CSA Management (TSE) of Toronto recently boosted its beneficial ownership in Goldcorp (TSE) to 14% through the open-market purchase of 9,800 A shares of the latter. Goldcorp is the controlling shareho…
PROFILE (December 23, 1991)
At a time when the market is bearish, LAC Minerals sends a signal to investors that it remains a serious player in the mining industry, looking for quality assets worldwide. It has just raised $106 mi…
Unlisted Trading (December 23, 1991)
Recently listed Newfoundland Goldbar Resources (CDN) got off to a good start with encouraging results from the Glover Island gold property in western Newfoundland. Optioning the property from ASE-list…
Oregon’s new policies threaten halt to mining activity
Several mining companies active in Oregon are reported to have abandoned plans to develop gold mines in the state because of new environmental policies that will treat all mine operations using cyanid…