Victoria options Mexican gold project
A Mexican property considered prospective for a bulk-tonnage gold deposit was recently optioned by Victoria Resource (VSE), which staked additional acreage surrounding the original claim block. The le…
News
NEWS ROUNDUP — Founder samples return gold, zinc.
Bulk samples taken from Founder Resources’ (VSE) 100% owned Blackwater property near Jellicoe, Ont., have returned polymetallic mineralization over an average width of 4 ft. Sample J406, for example, …
MINER DETAILS — Leaving gold to the juniors
Frustrated with a lethargic gold price and the difficult task of maintaining reserves, some of Canada’s largest gold producers are turning to base metals for future growth. Placer Dome has made no sec…
LETTERS TO THE EDITOR — Old liability rules in new labor
I agree with concern over the proposed labor laws in your editorial “Driving Directors Away” (T.N.M., Aug. 24/92). The ridiculous situation can leave a responsible individual, who is spending time and…
EDITORIAL PAGE — Cutting court costs
Going to court is expensive. The parties involved have to pay the direct fees, which add substantially to the cost of doing business for the mining industry. There is no reliable estimate of the amoun…
Inco’s costs cause concern as nickel markets remain flat
Citing dismal prospects for the nickel market and Inco’s (TSE) high production costs, several analysts are issuing strong sell recommendations on shares of the world’s largest nickel producer. Indeed,…
LATIN AMERICA ROUNDUP — Minorca acquiring Mexican prospect
A letter of intent to acquire a 100% interest in the Oro Verde copper-gold-silver property in Sonora, Mexico, has been signed by Minorca Resources (VSE). The company says it must remit 175,000 shares …
Greenhills coal mine reopens
A buyer will be sought for the Greenhills coal mine in British Columbia’s Elk Valley which reopened in early September after an agreement-in-principle was reached among the British Columbia government…
PRODUCER PRICES (September 14, 1992)
ALUMINUM: MW U.S. market US59.60-60.10 cents per lb. (Aug. 27, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 199…
Reconnaissance program led to Ulu gold discovery
Diamonds are not the only mineral commodity of interest to BHP Minerals Canada in Canada’s richly endowed Northwest Territories. For the past several years, the company has been actively exploring its…
NEWS ROUNDUP — Good news from Battle zone stepout
The latest hole drilled by Westmin Resources (TSE) encountered 22.9 metres visually estimated to contain 2.5% copper and 18% zinc from the Battle zone discovery at its Myra Falls mine property near Ca…
United Reef soars on diamond play
Diamond fever has struck a dormant TSE-listed penny mining stock with a vengeance. United Reef Petroleums (TSE), which a few weeks ago sold at 2 cents a share, has soared to 42 cents on heavy volume, …