News

Noront’s drilling cuts zinc zones at Hurdman Twp.

Noront Resources (VSE) says it has pulled one of the most significant zinc intersections yet reported in the immediate area north of Falconbridge’s Kidd Creek, Ont., copper-zinc mine. Noront says one …


OBITUARY (January 20, 1992)

Noted mining engineer Philip Sydney Broadhurst died recently in Toronto. He was 79. Broadhurst graduated from Queen’s University in 1938 with a B.Sc. degree in mining engineering. After the Second Wor…


Northgate offering gets approval

Toronto-based Northgate Exploration (TSE) recently received final clearance for a previously announced rights offering. The company has set the exercise price at 80 cents or US69 cents for shareholder…


Spot prices at a glance (January 20, 1992)

Week’s Price (US) Change Gold* $355.60 + $5.30 Silver* $ 4.14 + $0.19 Platinum* $337.40 + $1.90 Nickel** $ 3.31 $0.00 Lead** $ 0.23 – $0.01 Copper $ 0.95 $0.00 Zinc $ 0.52 + $0.01 Courtesy of Scotiaba…


Princeton files plan for Cassiar

Pursuant to the Companies’ Creditors Arrangement Act, Princeton Mining (TSE) has filed a reorganization plan with the British Columbia Supreme Court for the company’s wholly owned subsidiary, Cassiar …


FUTURES PRICES (January 20, 1992)

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan 94.35 93.70 94.10 – 0.35 Feb 94.45 94.45 94.30 – 0.55 Mar 95.30 94.40 94.70 – 0.45 SILVER (in US cents per oz…


Nymex withdraws from project

The New York Mercantile Exchange (Nymex) says it has withdrawn from a project to consolidate the operations of four commodity exchanges in New York City. Nymex’s board of directors cited economic cond…


EDITORIAL PAGE (January 20, 1992)

Many countries in South America have opened their doors to foreign investment in recent years. The experiments with socialism and totally state-owned enterprises have been modified, if not discarded, …


Arimetco Int’l invests in Bolivian zinc mine

Arimetco International (TSE) has reached an agreement to acquire a 52% interest in the Andacaba zinc-lead-silver mine near the city of Potosi, Bolivia. The current owners of the mine have recently tak…


Hemlo, Crude differences cloud Eagle River project

The immediate future of the Eagle River gold project at Mishibishu Lake, Ont., has been clouded by the differing aspirations of owners Hemlo Gold Mines (TSE) and Central Crude (TSE). Having written do…



Goldstack hits high-grade copper

Following an earn-in agreement with American Consolidated Mining (USOTC), Goldstack Resources (VSE) has intersected a wide zone of high-grade copper mineralization at the Yellowhammer property on the …


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