Glimmer, Hemlo pick up contact
With the latest phase of drilling on its property near Matheson, Ont., complete, Glimmer Resources (VSE) says mineralization has been extended 100 metres along strike. Hole 91-60, which picked up the …
News
Crown Butte’s New World hottest play in Montana
One of the more active projects this year is Crown Butte Resources’ (TSE) New World gold-silver-copper property in an old mining camp near Cooke City, Mont. The company took on the project in 1987, wi…
Focus on Washington’s Republic gold camp
Exploration activity in Washington was largely focused on the Republic gold camp, a region best known for Hecla Mining’s (NYSE) high-grade (0.9 oz. head grade) gold mine. Hecla is still exploring near…
Electromagnetic techniques help probe at depth
Until recently, a systematic minerals exploration program would include surface mapping and soil sampling, provided the overburden was responsive in the latter case and if there was sufficient rock ex…
Debt settlements profit Pioneer
A gain from the recent settlement of secured and unsecured debt pushed Pioneer Metals (TSE) into the black for the nine months ended Sept. 30. Net earnings for the period were $12.4 million compared t…
Toronto Stock Exchange Indices; Financing
Rome Resources Ltd – 600,000 shs offered @ 37 cents per sh.
Gold Funds (January 06, 1992)
BGR Central Net Value $8.16 $5.01 Price $7.75 $4.400 Discount 4.99% 12.2 Value $48,567,000 $74,026,920…
Reynolds opens mine in Guyana
Reynolds International, a unit of Reynolds Metals (NYSE), and the government of Guyana recently celebrated the startup of their joint enterprise, Aroaima Bauxite. Aroaima hosts more than 25 million to…
Battle zone gives second success at Westmin’s Myra
Ongoing drilling by Westmin Resources (TSE) is returning more encouraging results from the Gap-Battle zone area of the Myra Falls mine property near Campbell River, B.C. Westmin produces copper and zi…
Metal prices boost commodity index
Stronger zinc, gold and copper prices more than offset weaker nickel, lead and aluminum prices in November, helping the commodity price index of Scotiabank edge up for the second straight month. Howev…
There’s only one way for metal prices to go — up
As predicted by John McOuat, president of Watts, Griffis and McOuat, and other mining executives, 1991 was a dismal year for exploration in Canada. While junior miners had problems raising risk capita…
Stepout hole hits new zone, boosts Fort Knox potential
A new zone intersected at Fort Knox Gold Resources’ (TSE) base metal prospect in Fawcett Twp., near Shining Tree, Ont., has enhanced the property’s potential to host significant volcanogenic massive s…