Cameco stakes Alberta property
Cameco (TSE) of Saskatoon, Sask., has staked a claim to 6,000 sq. km in Alberta, the same size area as was staked by De Beers subsidiary, Monopros, in 1990. The area staked is in what is known as the …
News
LETTERS TO THE EDITOR — Central Crude seeks Moss Lake
The headline of your article “Hemlo will fund Moss Lake work” (T.N.M., Aug. 24/92) leaves the reader with the understanding that Hemlo Gold Mines will provide Central Crude with the monies needed. Thi…
Storimin acquires Manitoba land
With an improved political climate in Manitoba, mining activity in that province is beginning to return to areas that have been inactive for some time, says A.E. Storey, president of Storimin Explorat…
High Lake drilling returns 7% copper across 71 metres
Joint venture partners Aber Resources (TSE) and Kennecott Canada have pulled a 71-metre intersection grading 6.9% copper from the western extension of the AB zone on the High Lake project in the North…
Cominco advances tailings plan despite delays at lead
Uncertainty surrounding the startup date of a new lead smelter at Trail, B.C., has prompted Cominco (TSE) to advance by 18 months its planned move to a land-based system for treated tail slag from the…
Study supports plan to develop fluorite property
Based on the findings of an interim report by Kilborn Engineering, Silverspar Minerals (VSE) reports that its Silver District fluorite-silver property in La Paz Cty., Ariz., has the potential to be an…
Manor trenches Virginia property
Trenching is under way on the Virginia property near Gander, Nfld., reports owner Manor Resources (ASE). Phase one of the program will test zones A-1 and A-2. Soil and till samples collected over Zone…
METAL PRICES — FREE MARKET (August 24, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Aug. 18 Aug. 17 Aug.14 Aug. 13 Aug. 12 Copper 1322-1323 NA 1294-1296 1286-1287 1299-…
Drilling near Granada mine gives KWG good gold values
Drilling in untested territory, partners KWG Resources (ME) and SEG Exploration (ME) have intersected gold values of up to 0.61 oz. per ton on their Granada mine property near Rouyn-Noranda, Que. The …
Gold bulls like volatility despite price decline
Optimistic analysts surveyed by The Northern Miner during the last gold rally (T.N.M., July 20/92) are maintaining bullish forecasts even in the wake of a recent decline that lopped US$13 off the gold…
PRODUCER PRICES (August 24, 1992)
ALUMINUM: MW U.S. market US60-61 cents per lb. (Aug. 6, 1992). ANTIMONY: New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992). CADMIUM: …
Cons. Nevada increases output
Production from a new mine enabled Consolidated Nevada Goldfields (TSE) to turn out a total of 28,132 oz. gold during its fiscal year ended June 30, more than double the previous year’s production of …