Slate resource waits to be tapped
A geological consultant based in St. John’s, Nfld., says he has outlined a 350-million-tonne slate resource on his properties on Random Island, in the eastern part of the province. Using a conservativ…
News
Metal Prices (September 09, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Sep 3 Sep 2 Aug 30 Aug 29 Aug 28 Copper 1353-1355 1358-1359 1356-1357 1345-1347 1356…
Selbaie celebrates 10th anniversary — BP has met challenges with
It has been a decade since Les Mines Selbaie in northwestern Quebec entered production and during those 10 years, the mining operation has milled more than 14 million tonnes of copper-zinc-gold-silver…
Falconbridge Gold earnings slip
Gold output and earnings during the first half of the year slipped for Falconbridge Gold (TSE), which has unveiled a new policy of selling forward. Production during the first six months of 1991 total…
Glen Auden makes deal in Quebec
Partners Glen Auden Resources (TSE) and Cross Lake Minerals (VSE) have reached an agreement in principle concerning their land package in the Casa Berardi area of Quebec. New Legend Metals, a private …
InterStar plans to build African manganese mine
Toronto-based Starrex Mining (TSE) and Phoenix Canada Oil, through their jointly owned affiliate InterStar Mining Group (CDN), have signed a deal with the Burkina Faso government to develop the high-g…
Aurizon acquires shares of Argosy
Vancouver-based Aurizon Mines (TSE) reported purchasing 247,500 shares of junior mining company Argosy Resources (VSE) for $99,000 (40 cents per share) in a private placement. Attached to each share i…
LETTERS TO THE EDITOR (September 02, 1991)
Further to the article “Temagami claims’ status uncertain following court decision,” by Virginia Heffernan (T.N.M., Aug. 26/91), I would like to make the following points. — The Sudbury anomaly is 60…
PRODUCER PRICES (September 02, 1991)
ALUMINUM: MW U.S. market US57.50-58.25 cents per lb. (Aug. 15, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.15-3.25 per lb. (July 18, 1991). CAD…
Placer Dome options project in N.W.T. from Noble Peak
Vancouver gold miner Placer Dome (TSE) is poised to take a close look at Canada’s second largest Archean greenstone belt after optioning Noble Peak Resources’ (ASE) Southwin gold project in the Northw…
Inco to invest in African diamonds
Nickel producer Inco (TSE) will try its luck in the diamond business after signing an agreement with the government of Ghana. In a joint announcement with Lazare Kaplan International, a New York-based…
Northgate’s quarterly profit fails to offset 6-month loss
While gold production within the Northgate Exploration (TSE) group was up during the first six months of this year, the Toronto-based firm was forced to break out the red ink. Northgate reported a net…