NEWS IN BRIEF Corona options Red Cap
A preliminary exploration program is now in progress on the Red Cap polymetallic property in British Columbia’s Taku Valley, 40 miles east of Juneau, Alaska. The project will be operated by Internati…
News
METAL PRICES FUTURES PRICES (July 15, 1991)
N.Y. Commodity Exchange High Low Close Week’s Change COPPER (HG) (in US cents per lb.) Jul 101.00 100.20 100.90 – 2.30 Aug 100.90 100.60 100.80 – 2.65 Sep …
Feasibility done on Sphinx project (July 15, 1991)
A feasibility study carried out on the Duvay heap leach gold project north of Amos, Que., concludes that total costs would be $10.43 per ton, Societe Miniere Sphinx (VSE) reported. Direct recovery co…
U.S. REPORT Kennecott options Lockwood project
A unit of Kennecott recently entered into a joint venture agreement allowing it to acquire a 51% working interest in the Lockwood massive sulphide project near Everett, Wash. The project is currently …
Toronto Stock Exchange Inco, Franco-Nevada peak amid listless
The first initial public offering by a junior mining company to be cleared by The Toronto Stock Exchange so far this year was revealed to the public during the week ended July 9. Shares of Wheaton Riv…
American Reserve buys final 20% interest in Kutcho Creek
Ownership of the Kutcho Creek massive sulphide project is moving increasingly into the hands of American Reserve Mining (VSE). Situated near Dease Lake in northwestern British Columbia, Kutcho Creek i…
EDITORIAL PAGE Foreign investments have unusual risks
Within a few short years of Vasco da Gama’s discovery of a sea route to India in 1498, trade between Europe and Asia began on a new level. Silk and precious stones were in high demand, but the most lu…
Trout Lake hole gives ore grades over 106 metres
Ongoing exploration at the Trout Lake copper-zinc mine near Flin Flon, Man., continues to intersect polymetallic mineralization below the 560-metre level, the lowest level in the mine. Testing the dow…
Cross Lake adds claims NEWS IN BRIEF
Associated companies Cross Lake Minerals (VSE) and TransBorder Energy (VSE) recently added claims held north of Prince George, B.C., to additional claims held by an outside party to form a 50-50 joint…
Drilling below 1,000-ft. level enhances Casa Berardi East
Exploration below the 1,000-ft. level at the Casa Berardi East mine near La Sarre, Que., continues to produce encouraging results for partners TVX Gold (TSE) and Golden Knight Resources (TSE). Golden …
Program at Samatosum hits zone with coarse, visible gold
Drilling within the Samatosum mine area has intersected a new zone of gold mineralization. The Samatosum open pit silver-copper-zinc-lead-gold mine is near Adams Lake, B.C., and is 70% owned by Minn…
Brunswick M&S serious about plant cleanup
Brunswick Mining & Smelting (TSE) is doing its best to improve working conditions at the Belledune smelter in New Brunswick where 110 workers were found to have unacceptably high levels of metal in th…