NovaGold takes technology risk
Gerry McConnell, president of NovaGold Resources (TSE), firmly believes that the long-term survival of his company depends on a healthy degree of risk. That strategy explains NovaGold’s ambitious fora…
News
Similco strike over
The recent vote in favor of a new collective agreement ends a 4.5-month strike at the Similco open pit copper mine near Princeton, B.C. The mine is owned by Princeton Mining (TSE). Employees will be r…
PRODUCER PRICES (October 21, 1991)
ALUMINUM: MW U.S. market US52.60-53.50 cents per lb. (Oct. 3, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CADM…
Kennecott extends zone on Lockwood property
Situated near Everett, Wash., the Lockwood property is owned 65% by Island-Arc Resources (VSE) and 35% by Formosa Resources (VSE). The two juniors financed early work on the property which led to Isla…
Arimetco gets copper values above Ann Mason deposit
Copper oxide specialist Arimetco International (TSE) recently obtained some encouraging results from drilling at a huge copper deposit located three miles from its Yerington mine in Nevada. The revers…
New treatment for complex ores gets field test in New Brunswick
The treatment of refractory gold ores has spurted ahead in the last 10 years with plants now operating in Nevada, California and Utah. Canada has not been left out of the picture — the first autoclav…
Western Copper plans work on Williams Creek feasibility
Because of favorable results from this year’s drilling program, partners Western Copper Holdings (VSE) and Thermal Exploration (ASE) plan to proceed with an independent reserve calculation and pit des…
El Condor expects to double reserves at Kemess project
With this year’s first-phase drilling program on the South Kemess property complete, 60% owner and operator El Condor Resources (VSE) is predicting a doubling of reserves. St. Philips Resources (VSE) …
Record monthly production at Placer’s Campbell mine
After 42 years of production, the Campbell mine in northwestern Ontario’s Red Lake gold camp is pouring record amounts of gold, and capital investments are expected to boost throughput in 1992 and 199…
Freewest keen on Benoit claims despite dispute
Government bureaucracy and a claims dispute are holding up exploration work on what is probably the best gold discovery in Quebec in the last year, says Mackenzie Watson, president of Freewest Resourc…
Champion Bear starts drilling
Calgary-based Champion Bear Resources (ASE) has moved two drill rigs on to its Oneman Lake property, which stretches for 25 miles along the Separation greenstone belt north of Kenora, Ont. The propert…
Financing progress for Parys
Raising money for new mine projects is no easy task for junior companies these days, which explains the slow but steady progress being made by Imperial Metals (TSE) to arrange financing for the Parys …