PRODUCER PRICES (February 24, 1992)
ALUMINUM: MW U.S. market US57.25-58.75 cents per lb. (Feb. 13, 1992). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$2.90-3.10 per lb. (Jan. 23, 1992). CAD…
News
Crystal Peak awaits permits
Management of Polestar Exploration (VSE) is putting some of the blame for the loss of its listing on NASDAQ on continued delays in receiving operating permits for the Crystal Peak garnet quarry near H…
Drop in value of mineral output worries MAC
Concern about Canada’s 1991 mineral production results released by Energy, Mines & Resources (EMR) has been expressed by the Mining Association of Canada (MAC). Based on estimates prepared by EMR, the…
$400,000 program planned for Brewery Creek project
A $400,000 exploration program will begin shortly on the Brewery Creek property near Dawson, Yukon, a bulk-tonnage gold project owned 51% by Hemlo Gold Mines (TSE) and 49% by Loki Gold (VSE). The prog…
NEWS IN BRIEF (February 17, 1992)
M.A. Hanna Co. of Cleveland reports the closing of an agreement to sell a 20% interest in Iron Ore Co. of Canada.
McKinney option
Consolidated McKinney Resources (VSE) has concluded an option agreement with Citadel Consulting to acquire a 75% interest (subject to a 2% net smelter return) in the Storm Group claims in the Osoyoos …
GOLD FUNDS (February 17, 1992)
BGR Central Net Value $8.31 $5.22 Price $7.75 $4.650 Discount 6.75% 10.9% Value $49,490,000 $78,232,995…
Kingswood cuts 60-ft. gold zone
Further drilling at Kingswood Explorations’ (ASE) 24-claim Devon property near Matheson, Ont., has intersected a wide, gold-bearing zone called the “Thunder zone.” Hole 92-16 intersected 57.7 ft. grad…
New financing for Radisson
A recent private placement at 20 cents per share raised $170,000, Radisson Mining Resources (ME) reports. The proceeds will be used to start an exploration program on the company’s Duquesne property n…
Starmin, Adonos update Hinobaan reserve estimate
Shareholders of both Gateford Resources (ASE) and Landmark Corp. (TSE) recently approved an amalgamation of the two companies. The name of the amalgamated company will be Landmark Corp.
Tieman takes MNR assignment
The Ontario Ministry of Natural Resources (MNR) recently took on former Ontario Mining and Lands Commissioner Dennis Tieman for a special assignment. Tieman, who was appointed commissioner in 1990, wi…
Spot prices at a glance (February 17, 1992)
Week’s Price (US) Change Gold* $356.35 + $1.40 Silver* $ 4.20 + $0.03 Platinum* $367.50 + $9.25 Nickel** $ 3.51 + $0.04 Lead** $ 0.23 $0.00 Copper $ 0.99 + $0.01 Zinc $ 0.50 – $0.02 Courtesy of Scotia…