Kalahari cuts good grades at La Currita
Drilling on the La Currita property near Chihuahua, Mexico, is returning good gold-silver intersections over wide widths. The La Currita property is leased to Kalahari Resources (VSE) which has the r…
News
TSE Short Positions (July 15, 1991)
Semi-monthly reports as of Jun 15, showed 24,245,977 shares of 564 issues compared with 22,603,148 shares of 583 issues on May 31. Larger individual positions included: Amer. Barrick 228,112; Aur Res….
Output up, costs down at Canada’s top gold mines – Macassa now in
Cumulative gold production from Canada’s 12 largest gold mines jumped almost 8% to 2.7 million oz. in 1990. Once again, Ontario’s Hemlo area gold mines took the spotlight, churning out over 1.3 mill…
FINANCING (July 15, 1991)
Pegasus Gold Inc. – 3,000,000 com shs and 1,000,000 wts to purch com sh in units offered @ $15.50 per unit. Teck Corporation – 4,300,000 units consisting of 1 Cl B subordinate voting sh and 1/2 wt o…
$1-million drilling program under way at Polaris-Taku
Drilling is now under way at the Polaris-Taku gold property, about 65 miles south of Atlin, B.C. Suntac Minerals (VSE) is earning a 60% interest in the property from Rembrandt Gold Mines (ASE). To d…
METAL PRICES FUTURES PRICES (July 15, 1991)
N.Y. Commodity Exchange High Low Close Week’s Change COPPER (HG) (in US cents per lb.) Jul 101.00 100.20 100.90 – 2.30 Aug 100.90 100.60 100.80 – 2.65 Sep …
Trout Lake hole gives ore grades over 106 metres
Ongoing exploration at the Trout Lake copper-zinc mine near Flin Flon, Man., continues to intersect polymetallic mineralization below the 560-metre level, the lowest level in the mine. Testing the dow…
New zone at Santa Rosa
Partners Greenstone Resources (TSE) and Boliden International Mining of Sweden have reported a “new area of surface gold mineralization” at their Santa Rosa heap leach project in Panama. Owned 49% by …
Industrial mineral continues to profit for Teck, Cambior
Fifteen years after it first went into production, Niobec, the only underground niobium mine in the world and the only mine of its kind in North America, continues to turn out at a relatively low cost…
Cross Lake adds claims NEWS IN BRIEF
Associated companies Cross Lake Minerals (VSE) and TransBorder Energy (VSE) recently added claims held north of Prince George, B.C., to additional claims held by an outside party to form a 50-50 joint…
SB mine on track
The first batch of development ore from the SB gold property is being processed at Westmin Resources’ (TSE) Premier gold mill near Stewart, B.C. About 15,000 tons are expected to be processed during …
METAL PRICES FREE MARKET (July 15, 1991)
London Metal Exhange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 9 July 8 July 5 July 4 July 3 Copper 1385-1386 1392-13…