Jordex boosts Hushamu reserves
With the recent completion of a 16,000-ft. drilling program on the Expo property on Vancouver Island, Jordex Resources (VSE) estimates that minable open pit reserves in the Hushamu deposit have jumped…
1992
NEWS ROUNDUP (March 09, 1992)
The transfer of the majority interest in an Australian uranium project is expected to net Denison Mines (TSE) about $25 million, the company says. The purchaser is not named but Denison said the trans…
GUEST COLUMN (March 09, 1992)
The Northwest Territories government is preparing to take a proposal to Ottawa for the conversion of all territorial mineral and petroleum rights to the use of the northern peoples. “We get most of ou…
LETTERS TO THE EDITOR (March 09, 1992)
As the president of the Prospectors and Developers Association of Canada (PDAC), I would like to comment on Don McKinnon’s remarks (letter to the editor, T.N.M., Feb. 24/92) on my support for Ontario’…
Metal Prices (March 09, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar 3 Mar 2 Feb 28 Feb 27 Feb 26 Copper 1289-1290 1297-1298 1295-1296 1298-1299 1291…
MINER DETAILS (March 09, 1992)
This issue of The Northern Miner marks the beginning of our 78th year of continuous publication. There have been a lot of changes over those years and there are more in store as we respond to our read…
Asarco drops Frasergold after spending $3.4 million
After spending $3.4 million on exploration during the past two years, a unit of Asarco (NYSE) recently dropped all rights to earn an interest in the Frasergold property under the terms of a 1990 optio…
Cominco doubles reserve estimate at Pebble Copper
A drill program carried out by a unit of Cominco (TSE) during 1991 more than doubled preliminary reserves at the 100% owned Pebble Copper deposit in the Bristol Bay region of Alaska. The deposit is no…
Trillion buying half interest in Zimbabwe mine
A 50% interest in Jena Mines Ltd., which operates a small gold mine in central Zimbabwe, is being acquired by Trillion Resources (ASE). The purchase, subject to regulatory approval, is being made thro…
Refurbishing job at Queen’s labs
Refurbished undergraduate laboratories used by mining engineering students at Queen’s University in Kingston, Ont., were officially opened March 5. Nickel producer Inco Ltd. donated $1 million toward …
Vancouver Stock Exchange (March 09, 1992)
Investors on the VSE are showing a bias for non-resource issues, but despite this trend, the VSE resource index managed an 11.48-point gain to 530.27 during the week ended March 3. The composite index…
Montreal Exchange (March 09, 1992)
Continuing its active trading during the week ended March 3 was Orient Resources, which has a busy slate of exploration programs, including a joint venture at a gold property in Benoit Twp. in northwe…