METAL PRICES (March 16, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar 10 Mar 9 Mar 6 Mar 5 Mar 4 Copper 1299-1301 1285-1286 1295-1296 1318-1319 1313-1…
News
Viceroy pours its first gold
After a long and hard uphill battle, Viceroy Resources (TSE) is finally celebrating its first gold pour at its 75% owned Castle Mountain open pit heap leach project in San Bernardino Cty., Calif. Vice…
Autoclaving, bioleaching replacements for roasting
It’s difficult to specify how much of the world’s gold reserves are tied up in refractory ores, which do not yield their gold to cyanidation without prior treatment. But South Africa’s General Mining …
Canmine hits narrow lenses
Canmine Resources (CDN) has intersected some narrow sulphide lenses on its 100% owned FER property 28 miles northeast of Flin Flon, Man. Hole FER 1, drilled on the southern fringe of the target conduc…
Metal prices buoy commodity index
Stronger metal prices helped the commodity price index of Scotiabank pick up in January and move ahead by 1.3% compared with December. The stronger metals, forestry and agricultural prices more than o…
Lenora options 61 claims near Larder Lake
Encouraged by recent results from a diamond drill hole, Greater Lenora Resources (TSE) has signed an option agreement on a 61-claim property in Rickard Twp., near Larder Lake, Ont. The company is also…
Quill Lake results being evaluated
The first phase of an approximate $150,000 exploration program at the Quill Lake, Ont., property of Hemlo Gold Mines (TSE) is complete, Golden Tag Resources (VSE) reports. Tag, which optioned the prop…
Newmont in gold deal with Uzbekistan
Colorado-based Newmont Mining (NYSE) is set to use technology developed in the U.S. to mine gold in the former Soviet Union after signing a joint venture agreement with the Republic of Uzbekistan. Und…
Beijing conference set for 1993
Gold mining technology will be the theme of an international conference June 15-17, 1993, at Beijing. The International Symposium on Gold Mining Technology will be sponsored jointly by the China Natio…
NEBEX options Royal Oak claims
Calgary-based NEBEX Resources (ASE) has optioned a portion of the Northbelt claims near Yellowknife, N.W.T., from Royal Oak Mines (TSE). The claims, covering 5,200 acres, contain three subeconomic gol…
Adonos, Franklin near production
An interim agreement between Adonos Resources (VSE) and Franklin Consolidated Mining (NASDAQ) will allow for the reopening of the Franklin gold-silver-base metal mine in the Idaho Springs area of Colo…
Mexico keeps up pressure to boost exploration
Within the next few months, the Mexican government will take another step toward full privatization of its mining sector by selling three million hectares of mineral lands. Having already sold its vas…