NEWS ROUNDUP (October 21, 1991)
Because of recent changes in management and the threat of another mail strike, Toronto-based Madeleine Mines (TSE) has postponed its annual meeting until further notice. The annual meeting was schedul…
News
Platinum cube
It has been estimated that if all of the platinum ever mined in the world was formed into a cube, the cube would measure about 15×15 ft. on each side. South Africa and the Soviet Union supply most of …
Financing progress for Parys
Raising money for new mine projects is no easy task for junior companies these days, which explains the slow but steady progress being made by Imperial Metals (TSE) to arrange financing for the Parys …
McKee takes on some risk of cost overruns at Refugio
Vancouver-based junior Bema Gold (TSE) has taken advantage of the competition between engineering firms to narrow the risk of building its 50% owned Refugio gold project in Chile, says Chairman Clive …
The facade of Soviet mining
Editor’s note: The president of Toronto-based Franco-Nevada Mining Corp., Pierre Lassonde, wrote about his summer trip to the Soviet Union, extractions of which follow. On Aug. 1, 1991, I left New Yor…
New treatment for complex ores gets field test in New Brunswick
The treatment of refractory gold ores has spurted ahead in the last 10 years with plants now operating in Nevada, California and Utah. Canada has not been left out of the picture — the first autoclav…
U.S. REPORT (October 21, 1991)
Despite its success with the Crown Jewel and Kettle River projects in northeastern Washington state, Crown Resources (VSE) does not appear willing to rest on its laurels. Crown is actively searching f…
FUTURES PRICES (October 21, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 105.95 104.80 105.60 – 2.40 Nov 105.15 104.30 105.00 – 2.00 Dec 104.50 102.80 104.10 – 1.90 SILVER (in US cen…
Granges continues drilling Unuk River
Three of five recent holes drilled by Granges (TSE) on its 50% owned Unuk River project in northwestern British Columbia failed to return any significant gold or silver values. The project, in the Esk…
Gap zone drilling returns high grades
Stepout drilling by Westmin Resources (TSE) has returned another spectacular intersection from the Gap zone on the company’s Myra Falls mine property near Campbell River, B.C. Assays are expected shor…
Unlisted Trading (October 14, 1991)
Trouble is brewing in the boardroom of Teddy Bear Valley Mines, following recent allegations by former director Paul Zyla. Zyla, who has initiated legal proceedings against the company and Chairman Ro…
Alberta Stock Exchange (October 14, 1991)
The market reacted strongly to assays released from Takla Star Resources’ AOK property in northern British Columbia, sending the stock down 35 cents to 20 cents during the week ended Oct. 8. Takla say…