Valdez reports loss for 1991
A net loss of $6.5 million was reported for 1991 by Valdez Gold (ASE), which has a 25% interest in the Valdez Creek gold placer mining project in Alaska. For the first quarter of 1992, the company rec…
News
Blending of reserves boosts value of McCreedy East mine
Canadian ore reserves quoted by Inco (TSE) for the year ending 1991 are 401 million short tons grading 1.44% nickel and 0.85% copper. Not high grade by any measure. Technical and organizational improv…
Minera’s leach tests at Ivan aimed at cathode production
Sulphide samples from bacterially assisted leaching at the Ivan copper project in Chile are being sent to a laboratory for testing, Minera Rayrock (TSE) reports. The company says acceptable recoveries…
Adonos and Starmin plan to drill copper-gold project in
A drill program is planned by Adonos Resources (VSE) and Starmin Mining (TSE) for their copper-gold project in the Philippines to test, in part, the deposit’s strike extension. As well, the program wi…
Stock Markets (June 08, 1992)
Both the Vancouver Stock Exchange resource and composite indices continued to gain ground during the week ended June 2 with diamond exploration remaining the “special of the week”. The composite index…
Initial Lansdowne results encouraging
First drilling results of a $3-million exploration program undertaken this spring on the polymetallic Lansdowne property in northwestern Ontario indicate promising copper values over significant width…
METAL PRICES (June 08, 1992)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne)…
Thayer Lindsley entering production
Subject to environmental permitting, the Thayer Lindsley (TL) project in the Sudbury, Ont., area is expected to be a producer in the near future. Though long known to Falconbridge, it wasn’t until rec…
Save Our North goes national
Save Our North, the grassroots organization that has been spreading like wildfire across northern Ontario, recently launched a national campaign that will solicit support from resource-based communiti…
El Condor expands proposed financing
After consultations with its underwriters, El Condor Resources (VSE) recently increased the size of its proposed financing to $7.2 million from the previously planned $6 million. As a result, the comp…
Elliot Lake miners undergo retraining
Mine closings are always difficult situations for communities dependent on such operations for their economic well-being. Workers and their families in the uranium-mining community of Elliot Lake, Ont…
Galleon, BMR plan drilling
A US$200,000 drilling program is planned for the Madison gold-copper property about 25 miles southeast of Butte, Mont., by owners Galleon Mining (VSE) and BMR Gold (VSE). The companies can earn a 100%…