U.S.REPORT AZCO advances Arizona copper deposit
The generally bullish outlook for copper has a privately-held junior aiming to develop an Arizona deposit which contains an estimated 168 million tons averaging 0.336% copper at a 0.2% cut-off grade. …
News
Alberta Stock Exchange Volumes lacklustre (January 21, 1991)
Volumes were lighter than usual during the week ended Jan. 15 as investors remained fearful of war in the Persian Gulf following Iraq’s failure to comply with a United Nations ultimatum calling for it…
Results of Teck’s deep exploration at Williams mine due in February
The results of a deep exploration program at the Williams gold mine at Hemlo, Ont., will be released sometime in February, says Mike Lepkewich, vice-president of mining for Teck (TSE). Equal partners …
Waddy Lake assays
Calgary-based Waddy Lake Resources (TSE) has released the final check-assay results from a 29-hole drill program completed last October on the company’s 100% owned Komis property in the La Ronge gold …
U.S. REPORT Atna to begin program on polymetallic bet in California
In the search for polymetallic massive sulphide deposits, Atna Resources (VSE) plans to begin an 8,000-ft. drilling program on three California properties located in the Foothills Belt of Calaveras Ct…
Stratmin closing its smaller mill
Management of Stratmin Graphite says it has decided to temporarily close its smaller mill at its graphite operations north of Montreal. President Daniel Goffaux, attributing the cutback to a slowdown …
Irish organize PDAC get-together
Calling all Irish geologists and mining engineers! Mary-Claire Ward is looking for Irish exiles who would be interested in getting together with visiting members of the Geological Survey of Ireland at…
NEWS IN BRIEF Kewagama Gold Mines
Kewagama Gold Mines (Quebec) (ME) recently concluded a financing agreement (subject to regulatory approval) whereby a private investor will fund $150,000 worth of exploration work in return for 500,00…
Montreal Exchange Stratmin gains 20 cents
A sagging market during the first week of the new year gave way to one with a small gain for the report period ended Jan. 15. The market portfolio moved up by more than 5 points on daily volumes in th…
Major General drills Pickle Lake claims
Drilling is under way on three of Major General Resources’ (TSE) wholly owned properties near Pickle Lake, Ont. With a $300,000 budget in hand, Major General plans to test six separate targets before …
Newmont options Montana gold bet
A recent joint- venture agreement executed by a U.S. subsidiary of Mountain West Resources (VSE) will provide funds for continuing exploration of the Elkhorn gold project about 20 miles south of Helen…
U.S. REPORT Galactic likely to close Summitville mine
Low volumes of gold production and high mine operating costs were cited by Galactic Resources (TSE) as the reasons why it is unlikely to resume mining operations in 1991 at its wholly owned Summitvill…