Texas smelter plans are withdrawn
Plans to construct a copper smelter at Texas City, Tex., with the capacity to process 182,000 tonnes per year have been withdrawn by Mitsubishi Materials. The company announced in 1989 it would go ahe…
News
Crown slips into the red
Higher production costs at its 30% owned Kettle River project in Washington state helped push Crown Resources (TSE) into the red for the year ended Dec. 31, 1991. The company reported a loss of US$1.0…
Sutton drilling Kabanga nickel
Diamond drilling has resumed on the Kabanga nickel project owned by Sutton Resources (VSE). Located in western Tanzania, the project is estimated to contain preliminary reserves totaling 40.5 million …
Silver Glance awaits assays Drilling tests for fluorite-silver
Assay results are awaited by Silver Glance Resources (VSE) for the first 36 holes drilled on the company’s fluorite-silver property in La Paz Cty. in Arizona. Silver Glance director Peter Fox notes th…
Cathedral’s Sterling mine in Nevada pours 100,000th oz.
The Sterling mine produced its 100,000th oz. of gold in March, a day of celebration for Cathedral Gold (TSE) which owns 52% of the heap leach operation near Beatty, Nevada. The mine has been in produc…
GUEST COLUMN (April 13, 1992)
This is a fortuitous time to be marking the Geological Survey of Canada’s 150th anniversary (the official anniversary of the survey is April 14, 1992.) We are in the midst of a profound process of con…
Denison, Total join forces
In efforts to make their Saskatchewan uranium projects more cost effective, Denison Mines (TSE) and Total Compagnie Miniere of France have agreed to develop the Midwest and McClean Lake properties as …
Santa Fe gives up Marigold interest
Hoping to expand reserves at the Lone Tree gold deposit near Battle Mountain, Nev., Santa Fe Pacific Gold will acquire 12 sections of land, including the adjacent Stonehouse deposit, in exchange for i…
TORONTO STOCK EXCHANGE INDICES (April 13, 1992)
Apr 7 Apr 6 Apr 3 Apr 2 Apr 1 High Low Composite”300″3336.61 3385.95 3385.54 3395.91 3411.87 4009.47 3009.91 Metals&Minerals 2841.65 2875.32 2866.13 2862.69 2870.29 3453.06 2502.63 Integrated Mines300…
NEWS ROUNDUP (April 13, 1992)
Production at the Shebandowan nickel mine near Thunder Bay, Ont., will be suspended for a minimum of three months effective May 15, Inco (TSE) reports. The decision will affect 360 contract workers at…
United Pacific posts gain
Claiming top spot as the most active issue on Canadian exchanges for the week ended April 7 was United Pacific Gold (VSE). During this period, the Vancouver-based junior mining company posted a gain o…
More study ordered for part-time garnet mine
The British Columbia government is calling for additional study on the Crystal Peak garnet project before a permitting decision is made. Anne Edwards, energy and mines minister, and John Cashore, mini…