Stepout drilling expands Kemess reserves
Stepout drilling on the South Kemess property in north-central British Columbia during 1991 added significant reserves to what was already a large copper-gold deposit. A preliminary estimate of reserv…
News
PRODUCER PRICES (January 20, 1992)
ALUMINUM: MW U.S. market US51.25-51.75 cents per lb. (Jan. 2, 1992). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CADM…
Financing deal clears way for Louvicourt development
Toronto-based Aur Resources (TSE) has set the stage for rapid development of the Louvicourt Twp. base metal deposit after cutting a financing deal with Vancouver majors Teck (TSE) and Cominco (TSE). A…
Audrey shuts down Mobrun mine
Audrey Resources (TSE) has shut down its Mobrun polymetallic mine near Rouyn-Noranda, Que., and laid off 115 workers after exhausting ore in the Main lens and three smaller deposits. A company spokesm…
Goldstream shows operating profit
The owners of the Goldstream copper mine near Revelstoke, B.C., expect to report an operating profit of about $2.2 million for the six months ended Nov. 30. The mine is jointly owned by Goldnev Resour…
Montreal Exchange (January 20, 1992)
A new drilling program for the Douay gold project in Quebec’s Casa Berardi region was announced by joint venture partners Inco Ltd. and Societe d’Exploration Miniere Vior. The $850,000 campaign will t…
GOLD FUNDS (January 13, 1992)
BGR Central Net Value $8.32 $4.91 Price $7.63 $4.350 Discount 8.36% 11.4 Value $49,545,000 $73,185,705…
Symposium date
A mining symposium dealing with narrow vein mining (T.N.M., Dec. 30) at Val d’Or, Que., has been changed to Feb. 25 from Feb. 20. Focus will be a project sponsored by the Quebec Mining Association, wi…
Cal Graphite shares
Cal Graphite (VSE), owner of a graphite project north of Huntsville, Ont., said it has agreed to sell 1.1 million common shares to Lindner Fund, an investment company based in St. Louis, Mo. The selli…
Acabit drilling
Initial drilling results from the Pascalis property in northwestern Quebec of Acabit Exploration (ME) returned, over a 4-ft. intersection, 2 ft. of 4.7 oz. gold per ton, 1 ft. of 0.04 oz. and 1 ft. of…
Gaspesie raises working funds
The sale of one million treasury shares of Gaspesie, Societe d’Explorations Petroliere et Miniere (ME) at 25 cents per share raised $250,000, which the company says will be used mainly for the develop…
Dominion shares
A numbered Alberta company has purchased, pending regulatory filings, 29.4 million subordinate-voting shares and 6,250 B shares of Dominion Explorers (TSE) from Landmark Corp. for $200,000 in cash. Th…