Founder drilling at Coral Lake
A 5-hole, second-phase drilling program was recently started up on the Coral Lake gold claims of Founder Resources (VSE) near Beardmore, Ont. Encouraged by results from the first two holes, Founder ha…
Articles by Northern Miner Staff
Radisson drilling uncovers new structure at Duquesne
A new deep structure has been discovered on the Duquesne property north of Rouyn-Noranda, Que., Radisson Mining Resources (ME) reports. The company recently undertook a 4-hole program in hopes of reac…
Copper trade beckons B.C. west — About $1 billion in B.C. copper
British Columbia has a long history of trade with Japan, which today is the province’s second largest trading partner and which purchases almost 30% of the province’s total exports in terms of value. …
Metal Prices (March 23, 1992)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar 17 Mar 16 Mar 13 Mar 12 Mar 11 Copper 1275-1276 1290-1292 1300-1301 …
U.S. REPORT (March 23, 1992)
A definitive agreement was recently concluded between Athena Gold (VSE) and Pegasus Gold (TSE) for continued exploration of the Talapoosa property in Nevada. Pegasus signed a deal giving it the right …
EDITORIAL PAGE (March 23, 1992)
Heading to Latin America for mineral exploration is all the rage these days, but investing south of the Rio Grande is no guarantee of success. In fact, apart from Chile, success stories are few and fa…
PROFILE (March 23, 1992)
By 1998, all of Minnova’s currently producing mines would have exhausted their reserves though the company is awash in cash. Last year Minnova earned more than $8-million interest from its cash alone….
NEWS ROUNDUP (March 23, 1992)
Kennecott plans new smelter, refinery Kennecott, a unit of Britain’s Rio Tinto Zinc, is planning to spend US$880 million to build a new smelter and expand the refinery near its Bingham Canyon copper-g…
Save Our North planning rally at PDAC convention
Support for a grassroots government lobbying effort launched by prospectors in the Timmins area has gained widespread support throughout northern Ontario. The group behind the effort is growing increa…
Consultant predicts copper price hitting $1.40 in ’93, $2 by ’95
Copper will rise to US$1.40 per lb. in 1993 and US$2 in 1995 says consultant William Hill of MPH Consultants Ltd. Hill, who has 25 years of experience in consulting to the copper industry, was speakin…
U.S.REPORT (March 23, 1992)
Joint venture partners Texas Star Resources (VSE) and Harrison Western Mining recently signed a deal with a subsidiary of Cyprus Minerals (NYSE) to fund a bankable feasibility for the Keystone project…
OMA alarmed by revised Hydro plan
As environmental hearings on Ontario Hydro’s 25-year, demand-supply plan enter their second year, the Ontario Mining Association (OMA) is growing increasingly concerned about the direction the plan is…