U.S. REPORT (October 28, 1991)
Drilling on the Gibbs property in Mariposa Cty., Calif., continues to return high-grade gold intersections for owners Dessir Resources (VSE) and A.T.& E. Mining. Dessir is earning a 50% interest in th…
News
Metall shuffles mining interests
German mining giant Metallgesellschaft AG recently announced a $195-million transaction designed to streamline its holdings in North America and Australia. Through its 59.3% owned Toronto subsidiary M…
TORONTO STOCK EXCHANGE INDICES (October 28, 1991)
Oct 22 Oct 21 Oct 18 Oct 17 Oct 16 High Low Composite “300” 3467.39 3467.21 3482.34 3466.15 3462.96 4009.47 3009.91 Metals & Minerals 2991.86 3003.25 3031.99 3015.69 3044.31 3453.06 2502.63 Intergrate…
OBITUARY (October 28, 1991)
Noted prospector William Knox, founder of TSE-listed Fort Knox Gold, died recently in Toronto. He was 75. Knox is best known for his involvement in tantalum-columbium discoveries at Oka, Que., and bas…
Integrated claims
Nine Barrington River placer gold claims in the Telegraph Creek area of British Columbia have been sold by Integrated Resources (ASE) to a private Edmonton, Alta., company, Barrington Gold. Subject to…
View from the West (October 28, 1991)
The headline of an Oregon Lands Coalition newsletter tells it all: “This Country Is Run by Those Who Show Up.” Only recently has the Canadian mining community been showing up. We must redouble our eff…
FUTURES PRICES (October 28, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 106.60 106.15 106.20 + 0.60 Nov 105.60 105.60 105.65 + 0.65 Dec 105.50 104.40 104.90 + 0.80 SILVER (in US cen…
Timmins Nickel mulling option on Redstone mine
Barring an unforeseen nickel rally, Timmins Nickel (TSE) will not exercise an option to purchase BHP-Utah’s 49% interest in the Redstone mine near Timmins, Ont. The owner of a 51% stake in Redstone, T…
Montreal Exchange (October 28, 1991)
A feasibility study released by Aur Resources and Societe Miniere Louvem for the Louvicourt copper-zinc-gold deposit northeast of Val d’Or., Que., recommends that initial mining commence in late 1993,…
Madeleine avoids injunction with promise to comply
Toronto-based Madeleine Mines (TSE) has agreed to prepare applications needed to obtain an operating permit for its Lac des Iles palladium/platinum project near Thunder Bay, Ont., within the next six …
Court of appeal rejects U.S. ban on asbestos
A decision by the U.S. court of appeals to strike down a ban by the U.S. Environmental Protection Agency (EPA) on asbestos marks a significant step in controlling, rather than banning outright, a dang…
PRODUCER PRICES (October 28, 1991)
ALUMINUM: MW U.S. market US51-55 cents per lb. (Oct. 17, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CADMIUM: …