NEWS IN BRIEF Drill turning on Isle Dieu claims
Partners Northern Abitibi Mining (ASE) and Hixon Gold Resources (VSE) have started drilling on the Isle Dieu property, about 9.3 miles from the Mattagami Lake mill in northern Quebec. The first phase …
News
NEWS IN BRIEF Australia bans Coronation Hill project
The Australian government has banned development of the Coronation Hill gold project in northern Australia on the basis that it is sacred ground to the traditional aboriginal owners. Work on the proj…
NEWS IN BRIEF Pioneer postpones restructuring vote
A vote on a number of special resolutions relating to the restructuring of Pioneer Metals (TSE) will be postponed until the company can come to an agreement with Chase Manhattan Bank, its major lender…
Study suggests overhauling Yukon mining law
Federal Northern Affairs Minister Tom Siddon has accepted a broadly based committee’s suggestions for overhauling legislation governing the Yukon mining industry. But Siddon has given the Yukon Minin…
Willingdon drilling
Drilling will resume on the Sioux Narrows property near Kenora, Ont., where Willingdon Resources (CDN) intersected a 1-ft. width grading 1.4 oz. gold per ton last year. The program is designed to con…
Princeton reports loss of $2.3 million in first quarter
A net loss of $2.3 million was reported by Princeton Mining (TSE) for its 1991 first quarter ended March 31, compared to net earnings of $2.3 million for the corresponding period in 1990. The company…
METAL PRICES PRODUCER PRICES (June 24, 1991)
ALUMINUM: MW U.S. Market US57.50-58.50 cents per lb. (May 30, 1991). ANTIMONY: New York dealer US84-85 cents per lb. (Mar. 14, 1991). BISMUTH: New York dealer US$2.90-3.05 per lb. (May 23, 1991). CAD…
Metal Prices FREE MARKET (June 24, 1991)
London Metal Exhange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 18 June 17 June 14 June 13 June 12 Copper 1359-1361 1354-1355 1341-1…
PEOPLE BRENNA RESOURCES
Glen Metcalf appointed director.
Minera Rayrock’s Chilean discovery
Minera Rayrock (TSE) and partner Hecla Mining (NYSE) say their equally owned Chilean subsidiary, Minera Dona Isabel, has intersected a wide zone of good grade gold mineralization on the Pullali proper…
PEOPLE EASTMIN RESOURCES
J. McDonald appointed director.
TVX seeks even split from North, South American output
Celebrating its first annual meeting, TVX Gold (TSE) reported 1990 gold production of 228,200 oz. at a cash cost of US$228 per oz. According to Martin Robinson, president and chief executive officer,…