San Andreas returns high lead-zinc values
Additional assay results from drilling on the Prairie Creek mine property in the Northwest Territories under option to San Andreas Resources (VSE) continue to confirm the high-grade nature of the proj…
News
Gold bulls like volatility despite price decline
Optimistic analysts surveyed by The Northern Miner during the last gold rally (T.N.M., July 20/92) are maintaining bullish forecasts even in the wake of a recent decline that lopped US$13 off the gold…
Cambior, Aurizon to restart Sleeping Giant in early ’93
The Sleeping Giant gold project in northwestern Quebec will be placed back into production next year by Cambior (TSE) and Aurizon Mines (TSE). The property, 50 miles north of Amos, was operated by Aur…
LETTERS TO THE EDITOR — MP’s pension jackpot shows plan
When Bloc Quebecois MP Jean Lapierre decided to retire from politics recently, he hit the MP pension jackpot. At the ripe old age of 36, Lapierre can retire in the happy knowledge that he will likely …
Hemlo will fund Moss Lake work
Toronto-based Hemlo Gold Mines (TSE), in full charge of Central Crude (TSE), will finance further surface drilling this fall on the latter’s Moss Lake gold project in northwestern Ontario, its new pre…
Uranerz resumes drilling for Saskatchewan diamonds
Drilling is under way on the Fort a la Corne diamond property 40 miles east of Prince Albert, Sask., report partners Uranerz Exploration and Development and Cameco (TSE). The 1992 program will follow …
NEWS ROUNDUP — Greenstone raises project funds
A $5.5-million equity financing involving European institutional investors was completed recently by Greenstone Resources (TSE). The financing, part of a larger offering, was arranged by Middlefield I…
Minnova unit in option deal on Blue Dog gold property
The Blue Dog property in Washington Cty., Idaho, was recently optioned by the U.S. unit of Minnova (TSE), the third major to option the gold property in recent years. Minnova can earn a 50% interest i…
METALS MARKETS — Russian nickel sales spur market
Fast-moving news continues to sway nickel markets. Russian exports of official and unofficial nickel are the dominant influence. Unofficial Russian nickel metal and scrap, selling at substantial disco…
New discoveries at Pitt Island
A generation ago, Texasgulf was at the forefront of massive sulphide exploration in Canada. Now, some of the company’s old prospects are beginning to surface with new players applying the latest in ex…
Asarco upgrades Ray reserves
The first calculation of reserves since acquisition of the Ray copper mine in 1986 in Arizona have been completed says Richard de J. Osborne, chairman of Asarco (NYSE). The new figure is in excess of …
Minerex boosts gold output
Gold producer Minerex Resources (TSE) is turning out more of the yellow metal at a lower cash cost this year than it did a year ago. The Vancouver-based company produced 8,390 oz. gold during its 1992…