Correction (August 31, 1992)
The Pine Cove gold property at Baie Verte in Newfoundland is 100% owned by Varna Gold (ASE). An earlier story (T.N.M., Aug. 17/92) referred to plans by NovaGold Resources (TSE) for the property; NovaG…
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METAL PRICES — FREE MARKET (August 31, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Aug. 25 Aug. 24 Aug. 21 Aug. 20 Aug. 19 Copper 1275-1276 1271-1272 1318-1319 1308-13…
Teddy, Freewest raise financing
To finance its share of a $12-million underground exploration program at the Holloway gold project near Matheson, Ont., Teddy Bear Valley Mines (CDN) has raised $1.23 million through a private placeme…
MINER DETAILS — Holloway deal avoids courts
It seems that any significant mineral discovery inevitably results in some sort of lawsuit. “If your project is so good, how come you haven’t been sued?” shareholders ask companies that avoid the cour…
Cameco stakes Alberta property
Cameco (TSE) of Saskatoon, Sask., has staked a claim to 6,000 sq. km in Alberta, the same size area as was staked by De Beers subsidiary, Monopros, in 1990. The area staked is in what is known as the …
LETTERS TO THE EDITOR — Central Crude seeks Moss Lake
The headline of your article “Hemlo will fund Moss Lake work” (T.N.M., Aug. 24/92) leaves the reader with the understanding that Hemlo Gold Mines will provide Central Crude with the monies needed. Thi…
Storimin acquires Manitoba land
With an improved political climate in Manitoba, mining activity in that province is beginning to return to areas that have been inactive for some time, says A.E. Storey, president of Storimin Explorat…
High Lake drilling returns 7% copper across 71 metres
Joint venture partners Aber Resources (TSE) and Kennecott Canada have pulled a 71-metre intersection grading 6.9% copper from the western extension of the AB zone on the High Lake project in the North…
Cominco advances tailings plan despite delays at lead
Uncertainty surrounding the startup date of a new lead smelter at Trail, B.C., has prompted Cominco (TSE) to advance by 18 months its planned move to a land-based system for treated tail slag from the…
Study supports plan to develop fluorite property
Based on the findings of an interim report by Kilborn Engineering, Silverspar Minerals (VSE) reports that its Silver District fluorite-silver property in La Paz Cty., Ariz., has the potential to be an…
Manor trenches Virginia property
Trenching is under way on the Virginia property near Gander, Nfld., reports owner Manor Resources (ASE). Phase one of the program will test zones A-1 and A-2. Soil and till samples collected over Zone…
METAL PRICES — FREE MARKET (August 24, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Aug. 18 Aug. 17 Aug.14 Aug. 13 Aug. 12 Copper 1322-1323 NA 1294-1296 1286-1287 1299-…