PRODUCER PRICES (October 21, 1991)
ALUMINUM: MW U.S. market US52.60-53.50 cents per lb. (Oct. 3, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CADM…
News
LETTERS TO THE EDITOR (October 21, 1991)
Incorrect ownership was reported in the story “Montanore adit reaches 11,330 ft.” (T.N.M., Sept. 16/91). The Montana copper-silver project in question is owned 45% by Montana Reserves Co. and 55% by N…
Champion Bear starts drilling
Calgary-based Champion Bear Resources (ASE) has moved two drill rigs on to its Oneman Lake property, which stretches for 25 miles along the Separation greenstone belt north of Kenora, Ont. The propert…
Near Quebec City Soquem drills base metal find
Soquem, the Quebec government’s mineral exploration company, has discovered zinc-copper-silver-gold mineralization on its wholly owned Dussault property, 40 km northwest of the former Montauban mines …
Kennecott extends zone on Lockwood property
Situated near Everett, Wash., the Lockwood property is owned 65% by Island-Arc Resources (VSE) and 35% by Formosa Resources (VSE). The two juniors financed early work on the property which led to Isla…
Drilling may expand Samatosum mine
Additional drilling on the Gold zone at the Samatosum mine near Adams Lake, B.C., indicates that the life of the mine will be extended. The Samatosum, with current reserves good until October, 1992, i…
Arimetco gets copper values above Ann Mason deposit
Copper oxide specialist Arimetco International (TSE) recently obtained some encouraging results from drilling at a huge copper deposit located three miles from its Yerington mine in Nevada. The revers…
NEWS IN BRIEF (October 21, 1991)
Glenvet Resources Ltd. (GVT:VSE) has changed its name to Fort Point Resources Ltd. (FTP:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.
Merge of Rio not on Uranium agenda
The proposed merger of Rio Algom (TSE) and in situ leaching specialist Uranium Resources (TSE) will not be discussed at Uranium’s Nov. 7 annual meeting in Dallas. The Texas company has twice postponed…
Spot prices at a glance (October 21, 1991)
Week’s Price (US) Change Gold* $356.40 – $1.20 Silver* $ 4.05 – $0.03 Platinum* $365.75 + $9.00 Nickel** $ 3.35 – $0.07 Lead** $ 0.23 – 0.01 Copper $ 1.07 – 0.01 Zinc $ 0.44 – 0.01 Courtesy of Scotiab…
Companies face criminal charges
Criminal charges have been laid against Royal Oak Mines (TSE) (and its predecessor, Pamour Inc.) by the Ontario Ministry of the Environment in connection with the Oct. 17, 1990, tailings spill at the …
NEWS ROUNDUP (October 21, 1991)
Because of recent changes in management and the threat of another mail strike, Toronto-based Madeleine Mines (TSE) has postponed its annual meeting until further notice. The annual meeting was schedul…