Missouri division may not survive
A move to save money may mean the end of Missouri’s Division of Geology and Land Survey. The budget chairman of the House of Representatives, Chris Kelly, wants to make the move because to him the div…
News
De Beers opening Moscow office
A Moscow office will be opened by De Beers Centenary, the diamond company said. In 1990, De Beers signed an agreement with Rossalmazzoloto, the deal including a 5-year sales contract and a US$1-billio…
Sleeping Giant bolsters Aurizon
Underground exploration at the Sleeping Giant gold project 40 miles north of Amos, Que., recently turned up encouraging chip samples for Aurizon Mines (TSE) and program operator Cambior (TSE). On leve…
Spot prices at a glance (February 10, 1992)
Price (US) Week’s Change Gold* $354.95 – $0.45 Silver* $ 4.17 + $0.01 Platinum* $358.25 + $11.75 Nickel** $ 3.47 – $0.01 Lead** $ 0.23 $0.00 Copper $ 0.98 – $0.01 Zinc $ 0.52 – $0.01 Courtesy of Scoti…
Wrightbar, Soquem in option deal
A joint venture agreement has been reached between Wrightbar Mines (ME) and the Quebec government’s mining exploration company Soquem for exploration of Wrightbar’s Puiseaux Twp. gold property in nort…
Ottawa moves on the environment
The federal government is acutely aware of the importance of environmental concerns and it is striving to exercise a leadership role. Legislation in this regard, Bill C-13, virtually assures that this…
GOLD FUNDS (February 10, 1992)
BGR Central Net Value $8.23 $5.22 Price $7.75 $4.650 Discount 5.78% 10.9% Value $48,972,000 $78,232,995…
Low grade, capital cost force Placer to shelve Mt. Milligan
Fresh from hammering out a new agreement for the Eskay Creek joint venture project in British Columbia, Placer Dome (TSE) says it will not proceed with development of the huge Mount Milligan copper-go…
Spirit tests gold zones at depth
A 7,500-10,000-ft. drill program is under way on Spirit Lake Explorations’ (ME) Edwards gold property northeast of Wawa, Ont., in preparation for underground bulk sampling. The program, designed to te…
Westmin’s drilling extends Battle zone
A fifth intersection of Battle zone mineralization was intersected by Westmin Resources (TSE) during an ongoing drill program at the company’s Myra Falls mine property near Campbell River, B.C. The mo…
Ontario Hydro sues Denison
Toronto-based Denison Mines (TSE) is being sued by Ontario Hydro. The dispute centres around a long-term uranium purchase and sale agreement signed by Denison and the huge provincial utility in 1977. …
LAC back in the black
A cleaner balance sheet, a strong hedging program and increased gold production pushed LAC Minerals (TSE) well into the black in 1991. For the year ended Dec. 31, 1991, LAC recorded earnings of US$15 …