Glimmer, Hemlo pick up contact
With the latest phase of drilling on its property near Matheson, Ont., complete, Glimmer Resources (VSE) says mineralization has been extended 100 metres along strike. Hole 91-60, which picked up the …
News
Sulphur producers form export group
A new marketing organization has been formed by 27 Canadian sulphur producers. Prism Sulphur Corp. began selling western Canadian sulphur to markets outside of North America as of Jan. 1. Prism will i…
Canada tops global list in exploration spending
Despite the malaise spreading throughout Canada’s metals exploration industry, this country remains the leader in terms of exploration spending, says Halifax-based The Metals Economics Group Strategic…
Crown Butte’s New World hottest play in Montana
One of the more active projects this year is Crown Butte Resources’ (TSE) New World gold-silver-copper property in an old mining camp near Cooke City, Mont. The company took on the project in 1987, wi…
Alberta Stock Exchange (January 13, 1992)
After announcing a lawsuit against VSE-listed Cal Graphite, Takla Star Resources jumped 9 cents to 39 cents during the week ended Jan. 7. Takla is claiming ownership of a graphite mine near Huntsville…
Spot prices at a glance (January 13, 1992)
Week’s Price (US) Change Gold* $350.30 – $3.10 Silver* $ 3.95 + $0.09 Platinum*$335.50+ $1.30 Nickel**$ 3.31 + $0.06 Lead** $ 0.24 $0.00 Copper $ 0.95 – $0.03 Zinc $ 0.51 – $0.02 Courtesy of Scotiaban…
Fort Knox Gold assays
In a recently published table of results from Fort Knox Gold Resources’ (TSE) nickel-copper prospect near Shining Tree, Ont., (T.N.M., Jan. 6/91), the copper and nickel assays were reversed. The table…
Quarry funding for Aguathuna
Ontario-based Aguathuna Mining plans to establish a limestone and dolomite quarry at Aguathuna on the Port au Port Peninsula in Newfoundland. The company will receive $700,000 from Ottawa’s Fisheries …
Staking reopens in four townships near Temagami
Although activity was noted around James, Best, Strathy and Cassels twps., Ont., by several observers on Jan. 7, the day the townships were reopened for staking, the number of claims staked will not b…
Focus on Washington’s Republic gold camp
Exploration activity in Washington was largely focused on the Republic gold camp, a region best known for Hecla Mining’s (NYSE) high-grade (0.9 oz. head grade) gold mine. Hecla is still exploring near…
Metal Prices (January 13, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 7 Jan 6 Jan 3 Jan 2 Jan 1 Copper 1130-1131 1133-1134 1150-1151 1146-1147 NA Lead…
PRODUCER PRICES (January 13, 1992)
ALUMINUM: MW U.S. market US51.00-51.50 cents per lb. (Dec. 26, 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). CAD…