Phelps Dodge drops Stillwater option
Arizona-based Phelps Dodge (NYSE) has dropped its option on the Stillwater strategic metals joint venture in Montana with Australian company Boulder Gold. Phelps Dodge had to decide by Jan. 15, whethe…
News
Lamaque survey work unsuccessful
No meaningful conductors were uncovered by a deep penetration geophysical survey on a portion of the Lamaque gold mine property at Val d’Or, Que., Golden Pond Resources reported. The company has a 25%…
INSIDER TRADING Sherritt officers invest in company
Two members of the dissident group that recently won control of Sherritt Gordon (TSE) recently emerged with a significant position in the Edmonton-based fertilizer and specialty metals manufacturer. A…
Placer Dome drops Gerle Gold option
After carrying out an exploration program in 1990, Placer Dome (TSE) terminated an option agreement with Gerle Gold (VSE) providing for exploration of the McConnell Creek gold property north of Smithe…
Mexico lures mining with laws that ease rules, allow foreign
Prospects for a significant revival in the Mexican mining industry have been given a shot in the arm by recent changes to that country’s mining laws. On Sept. 27, 1990, the Mexican government official…
B.C. copper smelter studied
A preliminary feasibility study recently concluded that a copper smelting facility on the coast of British Columbia would be economically viable. A Vancouver-based firm headed by former Cominco execut…
Beama sees 225,000 oz. a year from Chile
Armed with a positive preliminary feasibility report, Bema Gold (TSE) is aiming to bring on stream a heap leach gold mine in Chile with an annual production rate of about 225,000 oz. gold. That repres…
COATS (over-the-counter) Trial date set
Rivals Card Lake Resources and Teddy Bear Valley Mines will meet in court on Sept. 3 to settle a property dispute over Card Lake’s 5-claim property near Matheson, Ont., says Teddy Bear. Until then, Ca…
METAL PRICES PRODUCER PRICES (January 21, 1991)
ALUMINUM: MW U.S. Market US70.00- 71.50 per lb. (Jan. 10, 1991). ANTIMONY: New York dealer US78-80 per lb. (Nov. 29, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Sep. 13, 1990). CADMIUM: New …
Greenland seeks to attract exploration
Faced with the recent closure of its only remaining metal mines, and a slump in both its fishing and oil sectors, Danish government authorities are attempting to increase exploration activity in Green…
U.S.REPORT Madison adds adjacent claims to mine property
Madison Grant Resources (COATS) has reached an agreement to acquire 40 mining claims from the president of the company. Madison hopes the additional claims, which lie adjacent to Madison’s gold-silver…
Greenstone extends gold zone on Panama property
The first two holes drilled by Greenstone Resources (TSE) on the company’s 49% owned Santa Rosa gold property in Panama have intersected encouraging results including 249 ft. grading 0.12 oz. gold per…