Halifax-based NovaGold Resources (TSE) plans to apply its vat-leaching techniques, which have been successful at the Murray Brook mine in New Brunswick, to the Pine Cove gold property in the Baie Vert…
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…
New Golden Sceptre Minerals (VSE) says it is negotiating two joint venture agreements overseas. One involves mining of a modest gold deposit in South America, while the other covers oil exploration an…
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…
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 14 Jan 13 Jan 10 Jan 9 Jan 8 Copper 1167-1168 1165-1166 1175-1177 1154-1155 1124…
The Exchange reports in its year-end review that junior companies, particularly in the resource sector, suffered through another difficult year in 1991. Flow-through financings took a huge drop from $…
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…
With gold prices still hovering at the US$350-355-per-oz. level, trading results on the VSE indicate that investors are concentrating on non-resource issues. Brokers say investors are getting back in …
Mining companies continue to suffer the effects of weak metal prices and the economic downturn, as indicated by The Toronto Stock Exchange’s decision to drop six issues from its composite 300 index, F…
Water-borne sand has been used as an underground fill for more than 60 years. These early applications were generally for unusual circumstances where it was required to mine pillars or to stabilize gr…
A convertible debenture issued in 1990 by Bema Gold (TSE) and due Jan. 29, 1992, has been extended two years. Under the new terms, the US$1.625-million debenture carries an interest rate of 8% and is …
20Golden Lake Resources (VSE) says it has arranged, subject to regulatory approval, a private placement of 500,000 shares at 35 cents per share for total proceeds of $175,000. The deal includes non-tr…
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