1991

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…


St Andrew halts bond payments

Toronto-based St Andrew Goldfields (TSE) is suspending interest payments on $9.8-million worth of 5.75% Swiss convertible bonds, after reaching an agreement with bondholders recently. At a meeting in …


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…


Vancouver Stock Exchange (December 30, 1991)

Despite a generally “grinchy” outlook as the year draws to a close, both the resource and composite indices managed to post small rebounds during our report period ended Dec. 23. The resource index ad…


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…


Westar takes coal price cut

The contract price for metallurgical coal exports to Japan from the two mining operations owned by Westar Mining (TSE) in southeastern British Columbia has been cut by US50 cents per tonne. The price …


Recapturing the `lost art’ of narrow vein mining

Narrow vein mining. Something our fathers knew a great deal about but very nearly a lost art today. To help remedy the deficiency, the Quebec Mining Association (QMA) recently sponsored a “narrow vein…


Home Lake allows claims to expire

Home Lake Resources (CDN) will cease exploration on its two properties in Ontario and Quebec, after recent work failed to turn up any significant mineralization. At the Powell Lake property, 130 km we…


FREE MARKET (December 30, 1991)

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec 24 Dec 23 Dec 20 Dec 19 Dec 18 Copper NA 1149-1151 1168-1169 1185-1186 1183-1184…


Ten new copper smelters planned

Plans for at least 10 new copper smelters worldwide are under consideration, reports the U.S. Bureau of Mines. But although big copper producers like Chile are expected to proceed with construction, C…


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…



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