U.S. REPORT Cyprus drilling Crypto
Preliminary drilling results have been released by Cyprus Minerals (NYSE) from the Crypto project near Salt Lake City, Utah. Cyprus is earning a 100% interest in the project from Noble Peak Resources …
News
Base metal, diamond plays boost Saskatchewan while gold falls
Exploration and pre-development expenditures in Saskatchewan are estimated at $45 million for 1991 compared with $57 million in 1990, and $105 million in the recent peak year of 1988. While base metal…
NEWS IN BRIEF Golden Arrow Resources Inc.
Golden Arrow Resources Inc. (GAW:VSE) and Yellow Band Resources Inc. (YBD:VSE) have amalgamated with Commonwealth Gold Corp. (CWC:VSE). Shareholders of Commonwealth common shares will be entitled to o…
Timmins prospector fighting to keep northern rail service
After years of searching through the fly-infested bushlands of northern Ontario for mineral deposits, Timmins prospector Don McKinnon is shifting his attention. McKinnon is launching an all out person…
Underground cheaper than pit at Kutcho: American reserve
A preliminary report on the Kutcho Creek copper-zinc massive sulphide property indicates the deposit could be mined using underground methods with lower capital and operating costs than an open pit op…
Major Gen. cuts high grade gold
A half-metre-long intersection cut 24 grams gold per tonne (0,7 oz. per ton) in hole McV-91-3 at the Linjog prospect on the McVean Lake claim block in the Pickle Lake area of northwestern Ontario, Maj…
NEWS IN BRIEF Goldcorp Investments (TSE), which has been buying
Minnova (TSE) boosted its interest in Laramide Resources (TSE) to 40.1% through the purchase, via a private placement, of an additional 825,238 shares. Minnova acquired the extra shares by spending mo…
The Miner marked 40th year with move to new quarters
Editor’s note: The Northern Miner recently moved from its premises in Toronto to new office space in Don Mills, Ont. The following is a speech delivered in 1955 by then President Norman C. Pearce at a…
Treminco reports loss
Financial results for Treminco Resources (TSE) for the first half of fiscal 1990 show a loss of $264,000, which is slightly less than the $265,000 loss experienced for the first six months of 1990. Th…
Prospectors play a big role in young Mining Hall of Fame
While there’s quite a difference in their ages, a strong bond has quickly developed between the veteran Prospectors and Developers Association of Canada and the much younger upstart–the Canadian Mini…
Mexico’s new rules draw flood of activity
Interest in Mexico’s mineral potential is being stimulated by recent changes to the country’s mining and tax regulations which have streamlined the process of granting mining rights and permitted 100%…
PRODUCER PRICES (March 25, 1991)
ALUMINUM: MW U.S. Market US70.5-71.5 cents per lb. (Mar. 7, 1991). ANTIMONY: New York dealer US86-88 cents per lb. (Feb. 28, 1991). BISMUTH: New York dealer US$2.80-2.90 per lb. (Jan. 31, 1991). CADMI…