Selling pressures push down gold price
Gold: Prices of the yellow metal continue to retreat under mild selling pressures to the US$340-per-oz. level. Rumored sales by “large sellers” added little to the movement. While traditional uses for…
News
Size of zone growing: Vior
Drilling at the Douay gold property in the Casa Berardi region of Quebec is extending the boundaries of the targeted zone’s mineralization, Societe d’Exploration Miniere Vior (ME) reports. The zone, w…
Manitoba woos mineral exploration with grants, tax holiday for
Manitoba is introducing new incentives designed to stimulate mineral exploration and development in the province. Unveiled recently at the annual Prospectors and Developers Association of Canada (PDAC…
86-year-old Jack Kentish continues with nickel venture
Almost 56 years after he began prospecting in the Val d’Or, Que., region, John Kentish was recently awarded the 1991 PDAC Distinguished Service Award for his many accomplishments in the mining industr…
Placer explores Shear copper-gold
The Shear property near Aspen Grove in south-central British Columbia is being explored by Placer Dome (TSE) for its potential to host porphyry copper-gold deposits. The major can acquire a 51% intere…
Texas smelter plans are withdrawn
Plans to construct a copper smelter at Texas City, Tex., with the capacity to process 182,000 tonnes per year have been withdrawn by Mitsubishi Materials. The company announced in 1989 it would go ahe…
Crown slips into the red
Higher production costs at its 30% owned Kettle River project in Washington state helped push Crown Resources (TSE) into the red for the year ended Dec. 31, 1991. The company reported a loss of US$1.0…
Sutton drilling Kabanga nickel
Diamond drilling has resumed on the Kabanga nickel project owned by Sutton Resources (VSE). Located in western Tanzania, the project is estimated to contain preliminary reserves totaling 40.5 million …
Silver Glance awaits assays Drilling tests for fluorite-silver
Assay results are awaited by Silver Glance Resources (VSE) for the first 36 holes drilled on the company’s fluorite-silver property in La Paz Cty. in Arizona. Silver Glance director Peter Fox notes th…
Cathedral’s Sterling mine in Nevada pours 100,000th oz.
The Sterling mine produced its 100,000th oz. of gold in March, a day of celebration for Cathedral Gold (TSE) which owns 52% of the heap leach operation near Beatty, Nevada. The mine has been in produc…
GUEST COLUMN (April 13, 1992)
This is a fortuitous time to be marking the Geological Survey of Canada’s 150th anniversary (the official anniversary of the survey is April 14, 1992.) We are in the midst of a profound process of con…
Denison, Total join forces
In efforts to make their Saskatchewan uranium projects more cost effective, Denison Mines (TSE) and Total Compagnie Miniere of France have agreed to develop the Midwest and McClean Lake properties as …