News



Cambior, Aurizon test zone 20

Most of the current exploration work at the Sleeping Giant mine project north of Amos, Que., is being carried out on zone 20, project partners Aurizon Mines (TSE) and Cambior (TSE), the operator, repo…


Noranda chopping exploration funds

The mineral exploration arm of Noranda (TSE), Noranda Exploration, plans to reduce its exploration personnel and reduce spending by about one-quarter in 1992. The total exploration budget of Noranda E…


LETTERS TO THE EDITOR (December 09, 1991)

Regarding the editorial “When Ottawa sells gold” (T.N.M., Nov. 18/91), I find it difficult to understand how it is in the best interest of the country to be dumping our gold reserves on world markets …


Cobalt Revisited

Cobalt, Ont., the cradle of Canada’s mining industry, has provided the backdrop for Jessica, a novel which depicts life at the turn of the century. Jessica was a nurse among the miners, bushwhackers, …


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Halifax-based NovaGold Resources (TSE) expects to begin a second drill program on its base metal property in the California Lake area of northeastern New Brunswick after receiving results from the fir…


INSIDER TRADING (December 09, 1991)

TVX Gold directors Fernando Cabral Silva and Nigel Lees took the opportunity recently to reduce their holdings in the Toronto-based company. According to the Ontario Securities Commission OSC Bulletin…


Crown Jewel deposit outlined

The recent stepout drilling program on the Crown Jewel property in northeastern Washington state has essentially outlined the limits of the deposit, and a new reserve estimate is currently being calcu…


Alberta Stock Exchange (December 09, 1991)

With three option agreements in hand, Goldhunter took off during the week ended Dec 3., gaining 20 cents to close at 46 cents. Goldhunter, which holds property on the western and northern boundaries o…


PRODUCER PRICES (December 09, 1991)

ALUMINUM: MW U.S. market US51.25-51.75 cents per lb. (Nov. 26, 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). CAD…


Dromedary to earn La Choya interest

An option to buy the La Choya gold project in Mexico was recently acquired by Hecla Mining (NYSE). Should Hecla decide to place the property into production, Dromedary Exploration (VSE) has the right …


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