METAL PRICES FREE MARKET (January 21, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 15 Jan 14 Jan 11 Jan 10 Jan 9 Copper 1272-1273 1291-1292 1310-1311 1314-1316 131…
News
U.S. REPORT Canyon cuts deal with Kennecott
In a deal potentially worth US$35 million, Canyon Resources (NASDAQ) recently granted Kennecott Corp. the right to earn a 51% interest in the Briggs property located in the Panamint Range of Californi…
Nahanni drilling
Toronto-based Nahanni Mines (TSE) says ground geophysical surveys were completed last month on its South Pipestone gold prospect about 50 km northeast of Timmins, Ont. The survey work identified three…
Silver Standard moves into Mexico on basis of new laws
Taking advantage of recent changes in Mexican mining law, Silver Standard Resources (VSE) has acquired an option to purchase the Mexican owner of the La Choya gold property in northern Sonora, Mexico….
RFC begins program on Pend Oreille
With new management in place, RFC Finance (TSE) recently began a 20,000-ft. underground drilling program on its Pend Oreille property in northern Washington state. RFC is 44% owned by Kerr Addison Min…
LETTERS TO THE EDITOR They killed the moose that finds gold
The moose with the habit of selective browsing over gold-bearing bedrock, as described by Hugh Coulson in his letter (T.N.M., Dec. 31/90), is a captivating example of the unexplainable. The picture sh…
LAC still seeks pay dirt on Queenston’s ground
LAC (TSE) recently intersected low-grade gold mineralization across narrow widths while drifting on the 4,750 ft. level beneath Queenston Mining’s (TSE) Kirkland Lake West claims near Kirkland Lake, O…
Ontario to establish Elliot Lake office for mineral development
As part of a plan to bring facilities and staff to areas of greatest public need, the Ontario Ministry of Northern Development and Mines is opening a new minerals development office in Elliot Lake, On…
Grizzly Creek picks up Garrison property
Grizzly Creek Resources (VSE) has purchased an option on a 5-claim property adjacent to the New Buffonta gold deposit in Garrison Twp., Ont. The deposit, currently being mined by partners Perrex Resou…
Bankers running short of time as Colomac fuel supply drops
Bankers who have already lent $90 million for construction of the Colomac gold mine must decide by the end of the month whether to put more money into the project. Otherwise operator NorthWest Gold (A…
Lawyers’ grade up by 25% – After downgrading tonnage
Underground development work by Cheni Gold Mines (TSE) on the Cliff Creek zone at the Lawyers mine in north- central British Columbia indicates minable grades will be 20-25% higher than anticipated. T…
Freewest, Mint option property
An agreement has been reached between Freewest Resources (TSE) and Mint Gold Resources (COATS) whereby the two companies have an option to earn a 100% interest in a 59-claim property in Northumberland…