U.S. REPORT (September 30, 1991)
New York-based metals giant Asarco (NYSE) has reached a settlement with the U.S. federal government over alleged health and safety rule violations at its East Helena smelter in Montana. Back in 1988, …
News
Vancouver Stock Exchange (September 30, 1991)
Despite a boost in the price of gold over the US$350 level again, the resource index remained flat over the week ended Sept. 24 at 533.63 while the composite index managed a 3.82-point gain to finish …
Metal Prices (September 30, 1991)
ALUMINUM: MW U.S. market US56.50-58.00 cents per lb. (Sep. 12, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.15-3.25 per lb. (Jul. 18, 1991). CAD…
Noront cuts deal with McKinnon
Toronto-based Noront Resources (VSE) has entered an agreement with prospector Don McKinnon to acquire a 60% interest in the Hurdman Twp. base metal and Clavos West gold properties in northern Ontario….
American Mining Congress supports new free-trade deal
The American Mining Congress (AMC) supports negotiation of a North American free-trade agreement involving Canada, the U.S. and Mexico but wants negotiators to “proceed carefully and with a clear sens…
Sigma contrasts
Without being old-fashioned, Placer Dome’s Sigma mine in Val d’Or, Que., retains the flavor of years gone by. Individual miners work in pairs or small groups, following veins of gold with should-hefte…
Gold Fields explores Forgold
Based on a recent option agreement, Gold Fields Canadian Mining will take over as operator of the Forgold property, 30 miles from the Eskay Creek deposit north of Stewart, B.C. Field work is now in pr…
Freewest project hangs on results of feasibility study
After months of considering various development, milling, and underground exploration options for the Holloway project 40 miles east of Matheson, Ont., Noranda (TSE), as operator, has reached the fina…
Falconbridge’s deep hole will test Sudbury’s `twin’
A 1,500-metre hole designed to test the Wanapitei anomaly northeast of Sudbury, Ont., recently got under way. As operator of the “Mirage project,” Falconbridge has collared the deep hole in Sheppard T…
Louvicourt
Partners Aur Resources and Societe Miniere Louvem expect the capital cost of developing their Louvicourt Twp. massive sulphide deposit east of Val d’Or, Que., to be well over $300 million. The two com…
Uranerz, Cameco recover more diamonds at Fort
Equal partners Uranerz Exploration and Mining and Cameco (TSE) have recovered 160 diamonds from kimberlites on their Fort a la Corne prospect east of Prince Albert, Sask. Although the average weight o…
Bousquet 2 set to exceed `91 target output by 20,000 oz.
A summer visit to the Bousquet No. 2 gold-copper mine of LAC Minerals (TSE) 25 miles west of Malartic, Que., helped securities firm Midland Walwyn in deciding to issue a “buy” recommendation for the l…