Kennecott plans Bingham expansion
A US$227-million expansion is planned at the Bingham Canyon copper mine in Utah operated by Kennecott Corp., a wholly owned subsidiary of RTZ of London. The expansion will boost production by 35,000 t…
News
Equinox reports Rosebud drilling
Recent drilling on the Rosebud property, north of Lovelock, Nev., has returned some interesting results for owner Equinox Resources (TSE). All eight drill holes of the most recent program intersected …
Shasta mining in the Toodogone area
Mining began late last year at a rate of 1,000 tons per day at the Shasta gold-silver property, owned by International Shasta Resources (VSE), in British Columbia’s Toodogone area. A reserve of 115,00…
Skyrocket seeks injunction through Securities Commission
Skyrocket indicates that it will seek a hearing by the British Columbia Securities Commission in an effort to get an injunction on the trading halt of the company. On Jan. 8, the application for monet…
Toronto Stock Exchange LAC leads the way in renewed gold rally
A surge in gold bullion prices combined with another wave of buying in the shares of LAC Minerals — everyone’s favorite takeover target — catapulted the gold and silver index by more than 263.99 poi…
Minefinders completes private placement deal
Two private placement financings for a total of $400,000 have been completed recently by Minefinders (VSE) to fund its share of exploration expenses on three properties in northwestern Quebec. The fun…
Mining Hall of Fame welcomes 8 new members
Eight new persons were recently inducted into the Canadian Mining Hall of Fame at the organization’s second annual dinner. Lionel Kilburn was the master of ceremonies. Almost 500 guests attended the T…
Metal Prices PRODUCER PRICES (January 15, 1990)
ALUMINUM: MW U.S. Market US74.00 cents – 75.00 cents per lb. (Jan 4, 1990). ANTIMONY: New York dealer US81 cents -84 cents per lb. (Nov 30, 1989). BISMUTH: New York dealer $4.40-$4.50(US) per lb. (De…
Spot prices at a glance (January 15, 1990)
Week’s Price (US) Change Gold*$405.85+$ 9.55 Silver*$ 5.27+$ 0.11 Platinum*$493.75+$17.50 Nickel**$ 3.49–$ 0.05 Lead**$ 0.34+$ 0.01 Copper$ 1.14+$ 0.04 Zinc$ 0.61–$ 0.01 Courtesy of Scotiaban…
Mexican Hat high grade
Several high-grading intersections have been drilled by Placer Dome (TSE) on the Mexican Hat gold property held under option from Oneida Resources (VSE). Placer’s drilling in hole 54 cut a 40-ft. sect…
Mine reclamation
L.R. Hossner’s Reclamation of Surface-Mined Lands, a 2-volume set, provides information on restoring surface-mined lands to a productive and aesthetically acceptable form. It addresses the primary pro…
B.C. prospecting course offered
Cowichan Lake, Vancouver Island, will once again be the scenic setting for the advanced prospecting course offered by the British Columbia Ministry of Energy, Mines and Petroleum Resources. The 14th a…