Minas project uses Irish model
A private syndicate is proposing an exploration program to search for Irish-type, carbonate-hosted polymetallic deposits on the south shore of the Minas Basin in Nova Scotia. Called the Minas Mineral …
News
NEWS ROUNDUP (January 27, 1992)
A recently signed agreement between Mountain Lake Resources (VSE) and Minnova (TSE) calls for further exploration on a 175-claim property in Ben Nevis Twp., north of Larder Lake, Ont. In order to earn…
PEOPLE (January 27, 1992)
T. Philip elected president, chief operating officer and a director.
Cominco options Kutcho deposit
While it’s no secret Cominco (TSE) has been eyeing offshore mining opportunities, the Vancouver-based major is also looking in its own backyard for projects with mine-making potential. This company re…
CIM conference focuses on risk
Battle Mountain Gold (TSE) expects to secure financing for the development of its Kori Kollo gold property in Bolivia by the end of the first quarter, says Chairman Karl Elers, a speaker at the sevent…
Athabaska resumes Nicholas Lake drilling in NWT
An 11,000-ft. drill program funded by Royal Oak Mines (TSE) has resumed at Athabaska Gold Resources’ (TSE) Nicholas Lake gold project in the Northwest Territories. Having secured the 40% project inter…
Glencairn resumes Goodfish drilling
A 4-hole, 2,500-ft. program designed to test for strike and depth extensions of the A zone will get under way on the Goodfish gold property near Kirkland Lake, Ont., by the end of the month. Glencairn…
Aurizon drilling Hoblitzell claims
A 3,500-ft. drilling program is under way on property in Hoblitzell Twp., 90 km northeast of Cochrane, Ont., Aurizon Mines (TSE) reports. Aurizon may earn a 60% interest in the property from Glen Aude…
Curragh determined to survive
Curragh Resources (TSE) Chairman Clifford Frame says he will draw on a large measure of Celtic determination and 40 years in mining to pull the zinc-lead-coal company through the current economic down…
Spot prices at a glance (January 27, 1992)
Week’s Price (US) Change Gold* $356.85 + $1.25 Silver* $ 4.26 + $0.12 Platinum* $339.75 + $2.35 Nickel** $ 3.57 + $0.26 Lead** $ 0.23 $0.00 Copper $ 0.97 + $0.02 Zinc $ 0.53 + $0.01 Courtesy of Scotia…
FUTURES PRICES (January 27, 1992)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan 96.90 96.15 96.20 + 2.10 Feb 97.00 96.55 96.55 + 2.25 Mar 97.80 96.60 96.95 + 2.25 SILVER (in US cents per oz…
Arizona Star drilling outlines gold find on Chilean property
Drilling on the Aldebaran property in Chile is reported to have outlined an extensive gold-mineralized stockwork deposit in the Cerro Casale area. Arizona Star Resource (VSE) is earning a 51% interest…