METAL PRICES (September 23, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Sep 17 Sep 16 Sep 13 Sep 12 Sep 11 Copper 1309-1310 1320-1321 1339-1340 1338-1340 13…
News
Copper price shows strength despite Gulf War, slow growth
Copper prices have shown “remarkable resilience” since the beginning of 1991, despite the Persian Gulf War and faltering global economic growth, said London-based investment firm Carr Kitcat & Aitken …
Gold in Ontario
The first gold discovered in the Canadian Shield was in 1866 when Marcus Powell discovered a cave whose walls contained “gold in the form of leaves and nuggets.” Since then there have been major gold …
Inland Gold looks for new mine
Inland Gold & Silver (NASDAQ), the Washington-based affiliate of Pegasus Gold (TSE), is on the lookout for a new mine to replace its Toiyabe heap leach gold operation near Crescent Valley, Nev. In the…
Custom milling
One major concern for any project hoping to enter commercial production is a milling facility, the cost of which may determine the viability of the entire project. The owners of three developing gold-…
Freewest feasibility looks positive
A feasibility study recently completed on the Holloway project near Matheson, Ont., indicates that the Lightning zone gold deposit could be economically developed based on a 1,650-ton-per-day operatio…
Teryl agreement is re-negotiated
An agreement with the Fort Knox Venture has been re-negotiated with respect to the Nerco claims in Alaska, Teryl Resources (VSE) said. Under the agreement, which will now bring additional payments to …
Gold’s unique characteristics set it apart
Gold! The word has fired our imagination like no other metal, Ontario’s Ministry of Northern Development and Mines reminds us in a recent information circular. The world demand for gold is still mainl…
Newcoast to receive revenue from Gibraltar copper mine
The phase-III expansion of the East pit at the Gibraltar mine near McLeese Lake, B.C., will begin to generate revenue later this year for Newcoast Silver Mines (VSE). Newcoast owns a 30% net profits i…
Freewest project hangs on results of feasibility study
After months of considering various development, milling, and underground exploration options for the Holloway project 40 miles east of Matheson, Ont., Noranda (TSE), as operator, has reached the fina…
EDITORIAL PAGE (September 23, 1991)
The legacy from the enthusiastic marketing of flow-through shares in the 1980s is still with us. The burst of exploration activity paid for by flow-through added considerably to Canada’s mineral datab…
McFinley seeking partner for project in Bateman Twp.
Bill Cummins, president of McFinley Red Lake Gold Mines (TSE), says he is still hoping to line up a joint venture partner for the company’s Bateman Twp. gold project near Red Lake, Ont. Under an agree…