LETTER TO THE EDITOR — Fenton Formula revived
The article “Timely proposal: a new gold standard” (T.N.M., March 7/94) is of interest to me. My article “The Fenton formula,” published in 1984, is much better than “Timely proposal” and is practical…
News
U.S. Antimony producing again
Having avoided bankruptcy, United States Antimony is again producing gold on a small scale. More than 250 oz. per month is being produced from its Yellowjacket property in central Idaho. (The mill is …
TSE Short Positions (April 04, 1994)
Semi-monthly reports as of Feb 28, 1994 showed 66,356,166 shares of 807 issues compared with 68,492,494 shares of 808 issues on Feb 15, 1994. Larger individual positions included: Aber 192,700; Adrian…
COMMENTARY — A near-hopeless zinc situation
Despite the many closures that have already occurred, zinc fundamentals continue to be characterized by gross oversupply. We are concerned that producers are still deciding to increase output and redu…
STOCK MARKETS — Resource issues keep pace in western
Considering the turmoil experienced by major markets in Toronto and New York, western markets fared relatively well during the report period ended March 29. Although the Vancouver Stock Exchange compo…
NEWS ROUNDUP — Nora exploring Ghana concession
Partners Nora Exploration (ME) and Consolidated Manus Industries (VSE) have begun field work on their Kade diamond and gold concession in Ghana, West Africa. The property comprises 41.55 sq. km in the…
Loki ups tonnage at Brewery Creek
As part of an ongoing feasibility study of its Brewery Creek property, Loki Gold (VSE) has released a new estimate of the Yukon project’s geological resource. Based on a cutoff grade of 0.3 grams gold…
Producer Prices (April 04, 1994)
ALUMINUM: MW U.S. market US61.25-62.75 cents per lb. (Mar. 17, 1994). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 19…
Hemlo’s Holloway project gets go-ahead
Ontario’s newest producing gold mine could be the Holloway project, 60 km east of Matheson. A feasibility study by Hemlo Gold Mines (TSE), Freewest (TSE) and Teddy Bear Valley Mines (CDN) indicates th…
Treminco extends N.W.T. program
Follow-up drilling is planned for the Greenstone Belt project north of Yellowknife, N.W.T. Having completed a 12-hole, 6,271-ft. reconnaissance drilling program, Treminco Resources (TSE) has identifie…
LETTERS TO THE EDITOR — McLellan is no stranger to mining
For many years I have been a subscriber and contributor to The Northern Miner. Your recent editorial “Qualifications please” (T.N.M., March 14/94) left me in shock and dismay. It is a direct attack on…
OBITUARIES — McClelland helped Placer grow
The last of Placer Development’s early builders, Thomas McClelland, died recently here at his home. He was 84. McClelland earned a mining engineering degree at Berkeley, Calif., and learned the practi…