PEOPLE — SAVANNA RESOURCES
Peter Gummer appointed director and vice-president, exploration.
News
Sudbury Contact finds second pipe
A second kimberlite pipe has been found by Sudbury Contact Mines (TSE) in the Kirkland Lake area of northeastern Ontario, the junior says in its quarterly report to shareholders. A 63-kg sample, taken…
Drilling planned for Brewery Creek
The global reserve potential of the Brewery Creek property near Dawson, Yukon, will be further evaluated this fall by partners Hemlo Gold Mines (TSE) and Loki Gold (VSE). A first-phase $400,000 progra…
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 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…