Spot prices at a glance (July 15, 1991)
Price (US) Week’s Change Gold* $370.20 + $ 2.45 Silver* $ 4.48 + $ 0.05 Platinum* $382.90 + $ 2.65 Nickel** $ 4.04 + $ 0.03 Lead** $ 0.25 $ 0.00 …
Articles by Northern Miner Staff
More good results from Westmin’s Myra Falls drilling
Ongoing drilling by Westmin Resources (TSE) returned more good assay results from the company’s Myra Falls mine property near Campbell River, B.C. Westmin is exploring a previously untested area near …
NEWS IN BRIEF Corona options Red Cap
A preliminary exploration program is now in progress on the Red Cap polymetallic property in British Columbia’s Taku Valley, 40 miles east of Juneau, Alaska. The project will be operated by Internati…
METAL PRICES FUTURES PRICES (July 15, 1991)
N.Y. Commodity Exchange High Low Close Week’s Change COPPER (HG) (in US cents per lb.) Jul 101.00 100.20 100.90 – 2.30 Aug 100.90 100.60 100.80 – 2.65 Sep …
Feasibility done on Sphinx project (July 15, 1991)
A feasibility study carried out on the Duvay heap leach gold project north of Amos, Que., concludes that total costs would be $10.43 per ton, Societe Miniere Sphinx (VSE) reported. Direct recovery co…
U.S. REPORT Kennecott options Lockwood project
A unit of Kennecott recently entered into a joint venture agreement allowing it to acquire a 51% working interest in the Lockwood massive sulphide project near Everett, Wash. The project is currently …
Toronto Stock Exchange Inco, Franco-Nevada peak amid listless
The first initial public offering by a junior mining company to be cleared by The Toronto Stock Exchange so far this year was revealed to the public during the week ended July 9. Shares of Wheaton Riv…
American Reserve buys final 20% interest in Kutcho Creek
Ownership of the Kutcho Creek massive sulphide project is moving increasingly into the hands of American Reserve Mining (VSE). Situated near Dease Lake in northwestern British Columbia, Kutcho Creek i…
EDITORIAL PAGE Foreign investments have unusual risks
Within a few short years of Vasco da Gama’s discovery of a sea route to India in 1498, trade between Europe and Asia began on a new level. Silk and precious stones were in high demand, but the most lu…
Trout Lake hole gives ore grades over 106 metres
Ongoing exploration at the Trout Lake copper-zinc mine near Flin Flon, Man., continues to intersect polymetallic mineralization below the 560-metre level, the lowest level in the mine. Testing the dow…
Cross Lake adds claims NEWS IN BRIEF
Associated companies Cross Lake Minerals (VSE) and TransBorder Energy (VSE) recently added claims held north of Prince George, B.C., to additional claims held by an outside party to form a 50-50 joint…
GOLD FUNDS (July 15, 1991)
Gold funds as of July 09 BGR Central Net Value $9.48 $5.34 Price $8.50 $5.000 Discount 10.34% 6.4% Value $56,439,063 $84,…