Aurora hits copper in one drill hole
Calgary-based Aurora Gold (VSE), drilling in the vicinity of a former producer at its Whitehorse Copper Belt property, has intersected copper mineralization in one of four reverse circulation holes. H…
News
Corona’s ups Prime stake to 45.5%
Through a private purchase of 858,500 common shares, Corona (TSE) has increased its stake in Prime Resources Group (VSE) to 45.5%. As a result, Corona now owns 19.7 million shares of Prime. Corona has…
FUTURES PRICES (November 26, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov 119.50 117.70 119.05 + 2.05 Dec 117.25 115.50 116.45 + 0.15 Jan 115.20 115.20 115.05 + 0.85 SILVER (in US cen…
Windy boosts copper reserve but latest results disappoint
Having completed a 22-hole program on the MacLeod Lake property north of Chibougamau, Que., Windy Mountain Explorations (COATS) has increased its preliminary reserve estimate to 37.5 million tonnes gr…
Environmental `Bill of rights’ a dangerous precedent
The Northwest Territories has become the first jurisdiction in Canada to have an “Environmental Bill of Rights.” While superficially attractive as a way of protecting the environment, the environmenta…
Vancouver Stock Exchange Market receives healthy boost
The Vancouver Resource and Composite Indices both staged rebounds over the reporting period ended Nov. 20. The Resource Index rose 13.8 points to finish at 541.63, while the Composite Index followed s…
Invesfor ups stake in Audrey to 6.5%
In the hope that Audrey Resources (TSE) will eventually be the object of a takeover bid, Montreal investment firm Invesfor has increased its interest in the Rouyn- Noranda polymetallic miner to 6.5%. …
Ramrod drilling
The first hole of a 15-hole drill program on Consolidated Ramrod Gold’s (VSE) Mina Marta concession in Spain has intersected a 75-ft.-wide zone of gold-bearing quartz veins. The highest values reporte…
News In Brief Uranium price slips
U.S. uranium exchange company Nuexco reports that the exchange value of uranium (U/c3h/O/c8h/) fell in October to its lowest level ever in constant 1990 dollars, slipping US$1.75 to US$8.35 per lb. Th…
Brunswick extends new sulphide zone
Recent drilling on a sulphide lens discovered last year at the north end of Brunswick Mining and Smelting’s (TSE) No. 12 mine near Bathurst, N.B., has extended the zone along strike and at depth. Most…
Greyhound option
An option to earn a 65% interest in the Lynx gold property in northern Saskatchewan’s La Ronge greenstone belt has been acquired by Vancouver-based Greyhound Communications (VSE). The company, which p…
Inco sees 10% cost increase – Nickel grades declining
Nickel producer Inco (TSE) will likely face a 10% increase in production costs next year as grades at the company’s Canadian mines bottom out, Chairman Donald Phillips told a group of analysts at a re…