Plaster Rock work to continue
The first phase of drilling on NovaGold Resources’ (TSE) Sewell Brook project near Plaster Rock, N.B., failed to uncover any significant mineralization, but did help to pinpoint alteration zones that …
News
FUTURES PRICES (December 30, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec 97.60 96.30 97.40 – 0.75 Jan 97.60 96.60 97.70 – 0.30 Feb 97.80 96.50 97.80 – 1.10 SILVER (in US cents per oz…
Encouraging values on Goldfield ground
Joint venture partners Sutton Resource (VSE) and Crown Resources (VSE) intersected a number of gold values during a recent drilling program on the Goldfield project in Nevada. The results included a 6…
Mt. Milligan decision delayed
It could be a month or more before Placer Dome (TSE) announces a decision on whether it will proceed with mine development at the Mt. Milligan gold-copper project north of Prince George, B.C. The comp…
Canadian Mining Hall of Fame inducts eight
The names of the eight individuals who will be inducted Jan. 6 into The Canadian Mining Hall of Fame were announced recently by the Hall’s board of directors. The eight inductees were chosen from a no…
Toronto Stock Exchange Indices (December 30, 1991)
Dec 23 Dec 20 Dec 19 Dec 18 High Low Composite “300” 3378.15 3340.85 3326.09 3332.62 4009.47 3009.91 Metals & Minerals 2771.19 2750.30 2715.90 2720.06 3453.06 2502.63 Intergrated Mines 2968.03 2942.45…
Recapturing the `lost art’ of narrow vein mining
Narrow vein mining. Something our fathers knew a great deal about but very nearly a lost art today. To help remedy the deficiency, the Quebec Mining Association (QMA) recently sponsored a “narrow vein…
VIEW FROM THE WEST
Recently I read a book entitled Trashing the Planet by Dixy Lee Ray with Lou Guzzo, which gives a common-sense view of contentious environmental issues. Ray notes that Dr. James Hansen, who in 1988 tr…
Ariel mines gold vein in Costa Rica
Without attracting much attention in North America, Vancouver junior Ariel Resources (VSE) has successfully operated Costa Rica’s only “substantial” gold producer for the past four years. Situated on …
Solomon buys Lucky Shot mine
For US$200,000, a unit of Solomon Resources (VSE) recently acquired the Lucky Shot gold mine and related surface facilities which includes a modern 100-ton-per-day mill near Anchorage, Alaska. Solomon…
FREE MARKET (December 30, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec 24 Dec 23 Dec 20 Dec 19 Dec 18 Copper NA 1149-1151 1168-1169 1185-1186 1183-1184…
Unlisted Trading (December 30, 1991)
The board of Teddy Bear Valley Mines is examining ways to reverse a 1984 share reorganization after determining that the restructuring “failed to meet all legal requirements.” If a plan of arrangement…