Cheni cuts reserves at Lawyers
Limited continuity in the Cliff Creek zone at the Lawyers mine in north-central British Columbia has forced owner Cheni Gold Mines (TSE) to lower its ore reserves once again. Paul Savoy, president of …
News
METAL PRICES (September 23, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Sep 17 Sep 16 Sep 13 Sep 12 Sep 11 Copper 1309-1310 1320-1321 1339-1340 1338-1340 13…
Saskatchewan offers Cameco shares
Nearly two months after the initial public offering of Cameco (TSE) shares, the Saskatchewan government has announced plans to sell shares of the uranium producer. Saskatchewan has made arrangements w…
Guest Column (September 23, 1991)
As we wait for improved stock market conditions in the mineral resource sector in Vancouver, there is much speculation as to why the current market remains depressed. Speculation in the junior mineral…
Spot prices at a glance (September 23, 1991)
Price (US) Week’s Change Gold* $348.00 + $0.50 Silver* $ 4.09 + $0.12 Platinum* $354.75 + $8.25 Nickel** $ 3.46 – $0.18 Lead** $ 0.24 – $0.01 Copper $ 1.03 – $0.03 Zinc $ 0.47 $0.00 Courtesy of Scotia…
Choice orebody split between two premier gold producers
It’s a mere printed line on a claims map and no more than a surveyed picket line in the bush, yet it represents the division between the Bousquet No. 2 mine of LAC Minerals (TSE) and the LaRonde mine …
Teryl agreement is re-negotiated
An agreement with the Fort Knox Venture has been re-negotiated with respect to the Nerco claims in Alaska, Teryl Resources (VSE) said. Under the agreement, which will now bring additional payments to …
Mines ministers to meet in Halifax
Mines and energy ministers from across Canada will meet in Halifax, Sept. 22-27, for the 48th annual Mines Ministers’ Conference. “We’re expecting about 200 delegates, including the ministers themselv…
Staking allowed in Eskay area
A “no-staking” reserve covering part of the Eskay Creek area in northwestern British Columbia was lifted by the provincial government early in September. The 19,600-hectare reserve was imposed in Apri…
Success at Grevet
The initial drilling success at the Grevet zinc project in northwestern Quebec has given rise to a feeling that the area has great potential. As a result, the two partners on the project, VSM Explorat…
LME established as primary price quote for sales of lead
The London Metal Exchange (LME) is a commodities market in London, England, that acts as a worldwide trading centre for metals. Producers and consumers use its daily official prices for lead, copper, …
Drilling boosts potential of Williams Creek copper project
Initial results from drilling on the Williams Creek property, 28 miles by road northwest of Carmacks, Yukon, indicate previous estimates of reserve tonnage and grade will be increased. Prior to beginn…