Metall’s quarterly report mixed
There was good news and bad news during the third quarter for Metall Mining (TSE). On the plus side, production of copper cathode from its 87.3%-interest in the Copper Range mine in Michigan increased…
News
Canyon drilling returns gold at Mtn. View
Drilling on the Mountain View property in northern Nevada has returned gold-mineralized intersections. Canyon Resources (NASDAQ) is earning a 60% interest from Independence Mining and expects to compl…
Tri Origin sets out exploration plans
Exploration programs for properties held by Tri Origin Exploration (TSE) were announced to shareholders and analysts at the annual meeting in Toronto. President Robert Valliant outlined a strategy of …
NovaGold samples high-grade zone
NovaGold Resources (TSE) is completing sampling, geophysics and geochemistry on its 70%-owned Pine Cove property, near Baie Verte, Nfld. Samples from the Romeo-Juliet structure have assayed as high 35…
Jordex rearranges private placement
A portion of Jordex Resources’ (VSE) previously announced private placement will not proceed. Instead, an aggregate of 500,000 common shares will be issued at 50 cents per share. The $250,000 raised w…
Negotiations at Giant begin again
The Canada Labour Relations Board has found that both Royal Oak Mines (TSE) and Local 4 of the Canadian Association of Smelter and Allied Workers (CASAW) bargained in bad faith during labor negotiatio…
Compromise may be coming over U.S. mining royalty plan
Reform of mining legislation in the U.S. reached a new stage recently when the House of Representatives voted in favor of imposing an 8% net smelter return (NSR) royalty on hardrock mining companies o…
LETTTERS TO THE EDITOR — U.S. mining law reform needs
In a recent article in Time magazine on mine reform legislation in the U.S., the industry south of the border (along with the Canadian contingent of companies) was portrayed in a negative light. The r…
Toronto Stock Exchange Incices
— Week — Nov 23 Nov 22 Nov 19 Nov 18 Nov 17 High Low Composite”300″ 4215.26 4200.17 4238.17 4234.74 4236.50 4248.41 4188.82 Metals&Minerals 3288.64 3277.35 3281.65 3241.32 3197.15 3304.12 3189.06 In…
EXPLORATION ’93 — Several influences reshaping international
Uranium and its uses have been controversial since the metal was first put to military use in the 1940s. Commercial use followed in the 1950s. Like gold, a lot of uranium has been mined over the years…
EXPLORATION ’93 — Red Lake prospector loves mining life
Charlie Peterson will soon celebrate his 80th birthday. And while the years may have slowed him down somewhat, nothing has impeded his determination to find another mine in the heart of Ontario’s Red …
EXPLORATION ’93 — Helicopter handles heavy loads
A Boeing 234 Chinook helicopter was used in September and early October to help mobilize heavy mining equipment and supplies to two sites in the Lac de Gras area of the Northwest Territories. The Chin…