Musto secures Argentine deposit
As soon as funds are in place, International Musto Explorations (VSE) expects to commission a feasibility study to examine the economic viability of the Bajo de la Alumbrera deposit in the province of…
News
Vancouver Stock Exchange (January 27, 1992)
Both the VSE composite index and resource index continued to gain ground during the period ended Jan. 21. The composite index added 14.38 points to close at 600.15 while the resource index edged up by…
Ecstall wins dispute’s appeal for claims near Eskay Creek
The Supreme Court of British Columbia has ruled in favor of Ecstall Mining (VSE) in its appeal of the Gold Commissioner’s previous decision to cancel its 20-unit Story 7 claim about one mile from the …
Toronto Stock Exchange (January 27, 1992)
Tri-Origin Exploration, a new junior exploration company backed by former LAC Minerals geologists Dennis Sheehan and Robert Valliant, was cleared for takeoff during the week ended Jan. 21. An initial …
Montreal Exchange (January 20, 1992)
A new drilling program for the Douay gold project in Quebec’s Casa Berardi region was announced by joint venture partners Inco Ltd. and Societe d’Exploration Miniere Vior. The $850,000 campaign will t…
Goldstream shows operating profit
The owners of the Goldstream copper mine near Revelstoke, B.C., expect to report an operating profit of about $2.2 million for the six months ended Nov. 30. The mine is jointly owned by Goldnev Resour…
Audrey shuts down Mobrun mine
Audrey Resources (TSE) has shut down its Mobrun polymetallic mine near Rouyn-Noranda, Que., and laid off 115 workers after exhausting ore in the Main lens and three smaller deposits. A company spokesm…
Financing deal clears way for Louvicourt development
Toronto-based Aur Resources (TSE) has set the stage for rapid development of the Louvicourt Twp. base metal deposit after cutting a financing deal with Vancouver majors Teck (TSE) and Cominco (TSE). A…
PRODUCER PRICES (January 20, 1992)
ALUMINUM: MW U.S. market US51.25-51.75 cents per lb. (Jan. 2, 1992). 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…
Stepout drilling expands Kemess reserves
Stepout drilling on the South Kemess property in north-central British Columbia during 1991 added significant reserves to what was already a large copper-gold deposit. A preliminary estimate of reserv…
NovaGold to use vat-leaching on Newfoundland gold project
Halifax-based NovaGold Resources (TSE) plans to apply its vat-leaching techniques, which have been successful at the Murray Brook mine in New Brunswick, to the Pine Cove gold property in the Baie Vert…
Hemlo, Crude differences cloud Eagle River project
The immediate future of the Eagle River gold project at Mishibishu Lake, Ont., has been clouded by the differing aspirations of owners Hemlo Gold Mines (TSE) and Central Crude (TSE). Having written do…