NovaGold options Corner Bays Touquoy property
Corner Bay Minerals (TSE) has optioned its Touquoy gold property in Nova Scotia to NovaGold Resources (TSE). NovaGold will pay $5,000 cash and will have 12 months to complete a feasibility study of th…
News
Private placement to fund drilling
Junior Conquest Yellowknife Resources has completed a private placement of flow-through and common shares. Proceeds of $104,000 will finance follow-up drilling on a recently acquired, 32-claim propert…
Formosa closes Oregon mine
The Silver Butte mine, near Riddle, Ore., is being closed permanently because of environmental concerns and low copper and zinc prices. Formosa Resources (VSE) is carrying on discussions with state au…
New SAG mill for Applied Carbon
Producer Applied Carbon Technology (VSE), formerly Cal Graphite, is commissioning a semi-autogenous grinding (SAG) mill at its graphite operation in Kearney, Ont. Part of a $4-million capital improvem…
Metals sub-index continued to fall in October, bank says
In October, the metal and mineral sub-index of The Bank of Nova Scotias commodity price index dropped to the lowest level since January, 1979. A plunge in copper and lower aluminum prices swamped any …
FREE MARKET (January 03, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Dec. 28 Dec. 27 Dec. 24 Dec. 23 Dec. 22 Copper N/A N/A N/A 1773-1774 1779-1780 Lead N/A N/A N/A 464-465 474-475 Zinc N/A N/A N/A 976-977…
ODDS’N’SODS — A most dangerous assignment at the Granduc
On learning of the recent demise of William Bill Pryde, I recalled a hair-raising venture which I shared with him at the Granduc mine site in 1965. A climax avalanche swept over the Leduc Portal camp …
Gold retains its global trading popularity
Gold lost its pivotal position in the international monetary system in August, 1971, when the U.S. formally suspended the dollars convertibility into gold. But even though it has lost its significance…
Applicants sought for CEA awards
The Canadian Exporters Association (CEA) wants to honor Canadian companies contributing to international development in Africa, Asia, Latin America and the Caribbean. The 1994 Canadian Awards for Inte…
Copper concentrate market turnaround focus of study
The dramatic turnaround in the copper concentrate market is partly the result of large shipments in 1992 to the former Soviet Union and increased buying by China. So says Brook Hunt & Associates of th…
1993 A LOOK BACK — Mining pioneer dies
The Canadian mining industry lost its queen bee of prospecting with the death of Viola MacMillan. She was 90. MacMillan was president of the Prospectors and Developers Association of Canada for 21 yea…
1993 A LOOK BACK — Windy Craggy rejected
The large Windy Craggy copper project of Geddes Resources (TSE) in northwestern British Columbia may become a part of a provincial wilderness park. In June, the provincial government announced that it…