News

Alexander Daniel (Danny) Hellens, a consulting mining engineer who cut his teeth in the business in Ontario’s Cobalt silver camp, died recently in Toronto. He was 81. Born in Elk Lake, Ont., in 1911, …

All was quiet on the eastern stock markets during the week ended Aug. 25 with investors taking time out to bask in the first spell of sunny, hot weather to descend on central Canada all summer. The To…

Week’s Price (US) Change Gold* $340.35 + $1.75 Silver* $ 3.65 – $0.15 Platinum* $349.50 + $1.75 Nickel** $ 3.30 + $0.04 Lead** $ 0.30 + $0.01 Copper $ 1.14 – $0.02 Zinc $ 0.63 + $0.01 Courtesy of Scot…

ALUMINUM: MW U.S. market US59.75-60.50 cents per lb. (Aug. 13, 1992). ANTIMONY: New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992). CA…

Semi-monthly reports as of August 15, showed 27,940,927 shares of 578 issues compared with 29,588,606 shares of 560 issues on July 31. Larger individual positions included: Aber Res. 108,800, up 45,40…

Golden Star Resources (TSE) insider Robert Friedland is poised to profit from a rally that has pushed the junior’s share price to a 52-week high of $4.40 recently. In two private transactions executed…

Already active on a copper project in the Yukon, Western Copper Holdings (VSE) recently optioned a California copper project with a preliminary reserve estimate of 12.5 million tons grading 0.55% copp…

After over a year-long search for a major project, Pacific Sentinel Gold (VSE) announced it plans to merge with Big Creek Resources (VSE). The companies expect to merge on a one-for-one basis subject …

An agreement recently signed between CopperQuest (CDN) and Zacherra Holdings will give CopperQuest the option to purchase three mineral leases in Kidd Twp., Ont. The leases lie just west of ground hel…

Sentencing of those held responsible for a 1990 tailings spill near Elk Lake, Ont., has been postponed until the autumn. In July, Matachewan Consolidated Mines (TSE), its president Richard McCloskey a…

Improper equipment and failure to test for poisonous gases were causes of the deaths of three prospectors in the Ontario bush this year. The circumstances of deaths are identical. On July 9, two men d…

Two recent holes drilled by Westmin Resources (TSE) returned ore-grade intersections from the Gap/Battle zone areas at the company’s Myra Falls mine property near Campbell River, B.C. Hole 15-463 retu…