NEWS IN BRIEF Drilling starts at Deak’s Magusi
An 18-hole drill program is under way at Deak Resources’ (TSE) Magusi base metal property, 25 miles northwest of Rouyn-Noranda, Que. The drilling will provide metallurgical samples and further delinea…
News
Westmin gets more good news from Myra Falls
More spectacular assay results were released by Westmin Resources (TSE) from ongoing drilling to further test a recently discovered zone on its Myra Falls mine property near Campbell River, B.C. The l…
METAL PRICES FUTURES PRICES (July 22, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jul 98.95 98.50 98.65 – 2.25 Sep 98.90 98.25 98.65 – 2.15 Dec 97.90 97.25 97.75 SILVER (in US cents per oz.) Jul …
Court battle looms over strategic Ellison claims
Discussions aimed at settling a legal dispute over three strategically situated gold claims located between LAC Minerals’ (TSE) Bousquet No. 1 and Doyon gold mines in northwestern Quebec got under way…
Vancouver Stock Exchange Investors await discoveries
Trading activity on the Vancouver Stock Exchange appears to be reflecting the attitude of most retail investors these days; nervous, skittish, and ready to take even marginal profits and run. Local an…
Montreal Exchange Bad news for Wrightbar
The week ended July 16 brought bad tidings for junior explorer Wrightbar Mines. Feeling the effects of a down market, St. Genevieve Resources has decided to drop its option on Wrightbar’s copper-zinc …
INSIDER TRADING Carnell profits from Ontex shares
Johan Carnell, secretary-treasurer at Ontex Resources (ASE), profited recently after exercising options on shares of the Toronto-based exploration company. According to the Ontario Securities Commissi…
U.S. REPORT Renovation fund tops US$1 million
Contributions from American Mining Congress (AMC) member companies toward renovation of the geology, gems and minerals hall of the Smithsonian Institute’s National Museum of Natural History in Washing…
OBITUARY Walter Waterston
A news man who devoted his entire life to that profession, including a 10-year stint with The Northern Miner, Walter (Walt) Waterston died recently at his home in Unionville, Ont., where he had lived …
Trump on site at Benoit gold bet
Surface exploration has commenced on a gold property in Benoit Twp., Que., reports Trump Reserve Minerals (ASE). The 44-claim property lies along strike of the Benoit discovery, where Freewest Resourc…
Chamber of mines manager happy with land claim result
The Northwest Territories’ first land claim settlement will have little impact on mining and exploration activities says Tom Hoefer, general manager of the N.W.T. Chamber of Mines. Under the recent ag…
U.S. REPORT Doe Run spending US$38 million to build new lead
A recycling facility that will recover lead from used automobile and industrial batteries, as well as other lead-bearing scrap material, is being built by The Doe Run Company in Missouri. The US$38-mi…