Search for new reserves keeping majors occupied
While Falconbridge Ltd.’s exploration programs are countrywide, the major exploration project in the Sudbury region is the Thayer Lindsley (TL) underground exploration program. The 16-ft. diameter sha…
News
Trimin sitting on cash
The sale of its 32.9% interest in the Hanson Lake copper-zinc- silver property in northern Saskatchewan boosted earnings for Trimin Resources (TSE) to $7.3 million for the year ended Feb. 28, 1991. Th…
Inco, union form green team
The United Steelworkers of America has teamed up with Inco (TSE) to create an Environmental Awareness Committee, the first of its kind in Canada. To be co-chaired by Inco vice-chairman Walter Curlook…
Alberta Stock Exchange Indigo doubles
Shares of Indigo Gold Mines doubled in price during the week ended June 11 after the company announced an option agreement on the Oweegee Dome property in north-central British Columbia. Bolstered by …
Large porphyry copper deposits drawing attention
Copper has always played an important role in British Columbia’s metal mining industry, consistently accounting for the lion’s share of the province’s yearly metal production on a dollar-value basis. …
METAL PRICES FUTURES PRICES (June 17, 1991)
N.Y. Commodity Exchange High Low Close Week’s Change COPPER(HG) (in US cents per lb.) Jun 101.55 99.70 100.40 + 1.10 Jul 102.10 99.80 100.70 + 1.30 Aug 100….
Montreal Exchange New Louvem owner
An agreement-in-principle with St. Genevieve Resources will see Noranda become the majority owner of Societe Miniere Louvem, which is part-owner of the Louvicourt massive sulphide project northeast of…
UPG to build mill in Philippines
United Pacific Gold (VSE) has exercised an option to build a gold and silver recovery plant at its Dipore property in the southern Philippines. The plant, expected to cost about US$800,000, will proc…
Losses in 1990 push B.C.’s coal producers to the brink
British Columbia’s coal producers reported a record loss of $88 million in 1990, marking the worst yearly performance since the Coal Association began its compilation of results in 1982. The primary …
Horsham adds to quarterly profit
Toronto-based Horsham (TSE), which controls gold producer American Barrick Resources (TSE), recently reported a sharp increase in first- quarter earnings. Horsham said earnings for the first three mo…
More results from Myra Falls
More assay results were released by Westmin Resources (TSE) from a recent stepout hole drilled 140 metres west of the discovery hole on its Myra Falls mine property near Campbell River, B.C. In late …
Verde gold project on track in Chile
Development of the Refugio gold property in Chile is proceeding as planned. Bema Gold (TSE), 50% owner of the property, recently released a positive feasibility study calling for a 33,000-ton-per-da…