Penzim’s Gulf International in Iskut
With Murray Pezim on board as a director, Gulf International Minerals (VSE) is planning a second-phase work program for its 100%-own ed McClymont Creek property in the Iskut River area of British Colu…
News
Asarco sells interest in asbestos partnership
A Canadian investor group has purchased the 33.33% interest held by Asarco Inc.’s (NYSE) LAQ affiliate in the LAB asbestos partner ship which operates the wor ld’s largest asbestos mine in Quebec. Th…
Wilanour work on schedule
A major underground and surface exploration program on the former-producing Co chenour Willans gold mine near Red Lake, Ont., is expected to be completed by Oc tober, partners Inco Gold, Wilanour Reso…
Bond Gold, Native deal enters second year
An agreement between Bond Gold and the Windigo Tribal Council concerning the Golden Patricia mine has entered its second year. As part of the deal the council will receive a $100,000 provincial grant….
Metals Page: Factors affecting the prices of metals
From time to time in the mining- refining business, I hear statements such as “the metal price ought to go up because my production costs have risen” or “I ne ed a better metal price.” These statement…
McNickel cuts low grade nickel
A series of assays from a drill program being completed by McNickel Inc (coats) has yielded lower than expected values in nickel and copper. Investors in the issue scurried to sell which resulted in M…
Shown Butte plans public financing
A $2.25-million public financing is being planned by Crown Butte Resources (VSE) to fund work on the company’s recently-acquired Black Hills proje ct in South Dakota. The planned financing will compri…
Canada’s ‘unforgiving’ arctic poses
“Mining in the Arctic presents many tough challenges. The environment is harsh and unforgiving, but mining people are a tenacious group and will succeed des pite these obstacles,” say M. 0000,0600 R…
Jonpol on track in Garrison Twp
An exploration shaft on Jonpol Explorations’ (TSE) and T & H Resources (TSE) joint venture property in Garrison Twp. in northern Ontario has reached a depth o f 66 ft, President John Pollock told sha…
Elders sells Trader stake as board is voted back in
A lengthy legal battle involving management of Trader Resources (TSE) and the company’s biggest shareholder, Elders Resources, appeared to have ended recently when Elders sold its 34% stake in the Tor…
David Bell grades remarkably high
Mill head grades at the David Bell mine, owned 50/50 by Teck Corp. (TSE) and Corona Corp. (TSE), have been nudging a remarkable one ounce of gold per ton of ore for the past two months. Gil Leathley…
Cominco boosts zinc awareness
As one of the world’s largest suppliers of zinc ore and zinc metal, Cominco Ltd. has launched a new campaign to promote zinc awarene ss among Cana dians. The company said a recent survey found that ou…