Explosive land grab in N.W.T and Alberta
The area outlined for diamond exploration in the Northwest Territories and Alberta has grown to an estimated 50-75 million acres and there is no sign of a slowdown, local mining recorders say. At pres…
1992
Neutrino lab requires own special shape
A unique local experiment in pure science could prove to have down-to-earth applications for operators of deep mines around the world, according to industry insiders here. For the past 32 months, mine…
Cons. Nevada eyes new properties
The objective of Peter Bojtos, president of Consolidated Nevada Goldfields (TSE), is to make his company grow through property acquisitions. Bojtos was in Toronto recently presiding over Consolidated …
NEWS ROUNDUP — Canmine continues Fer activity
A gravity survey and 6,600 ft. of drilling will be carried out in January, 1993, by Canmine Resources (CDN) on its 100% owned Fer polymetallic property near Flin Flon, Man. The program will be finance…
Nuinsco to acquire property
Exploration is set to resume on 35,000 acres of patented and unpatented claims south of Kenora, Ont., following an agreement-in-principle among Nuinsco Resources (TSE), Deak International Resources Ho…
Cominco Res. uncovers new zone
A 22-metre intercept from hole CTD-111, part of a drilling program at the Cerattepe property in Artvin province in northeastern Turkey, assayed 3% copper, Cominco Resources International (TSE) announc…
New pod found at Dean mine
A 6-month development effort by St. George Metals (VSE) is starting to open a new target area of potential reserves along the Pittsburgh vein at the Dean underground mine in Nevada’s Battle Mountain d…
New partner for peat project
A letter of intent to participate in a peat fuel pilot plant project northwest of Thunder Bay, Ont., has been signed by the Lac des Mille Lacs First Nation with Peat Resources (CDN). The first step in…
STOCK MARKETS — Precious metal index jumps as gold price
Spurred on by a slight increase in the gold price, the Toronto Stock Exchange’s gold and silver index jumped 146.3 points to 5293 today (Dec. 16). Gold added $US2.40 to close in London at US$337.30 pe…
Spot prices at a glance (December 21, 1992)
Week’s Price (US) Change Gold* $334.90 + $1.50 Silver* $ 3.71 $0.00 Platinum* $362.75 – $0.75 Nickel** $ 2.60 + $0.07 Lead** $ 0.21 $0.00 Copper $ 1.00 + $0.01 Zinc $ 0.48 $0.00 Courtesy of Scotiabank…
NEWS ROUNDUP — Zigarlick retires from Echo Bay
The vice-chairman of Echo Bay Mines (TSE), John Zigarlick, has retired after 24 years with the gold-silver producer. Zigarlick, president of Echo Bay from 1977 to 1991, was named Mining Man of the Yea…
Fording ad draws warning over hiring
British Columbia Labour Minister Moe Sihota is warning that violence could break out in the province’s East Kootenay district if Fording Coal hires Albertans to fill jobs formerly held by Elk Valley r…