U.S. REPORT New filing rules
Effective Jan 1., unless mining claim documents are accompanied by filing fees, the U.S. Bureau of Land Management (BLM) will refuse to file the documents. The rejected documents will no longer be dat…
News
Anglesey’s plans for Parys Mountain holds historical significance
If Anglesey Mining and parent company, Imperial Metals (TSE), are successful with plans to bring on stream the Parys Mountain project in North Wales, it will become the first base metal mine of its ty…
Gwen raises stake in Holloway claims
Edmonton-based Gwen Resources (ASE) has increased its interest to 50% from 25% in a group of 101 gold claims situated in Holloway and Marriot twps., near Matheson, Ont. The remaining half interest in …
Toronto Stock Exchange Prices mixed as market counts down to
If this week’s trading activity is any indication, the markets are in for a rough ride during the rest of 1991. In the period ended Jan. 15, the composite 300 index posted five successive losing sessi…
Spot prices at a glance (January 21, 1991)
Week’s Price (US) Change Gold* $403.70 + $13.00 Silver* $4.22 + $0.13 Platinum*$424.00 + $9.75 Nickel** $3.78 — $0.17 Lead** $0.27 Copper- $1.06 — $0.10 Zinc $0.52 — $0.05 Courtesy of Scotiabank. I…
EDITORIAL PAGE Matachewan under the microscope
The case of Matachewan Consolidated Mines is one that the mining industry in Ontario is going to be watching closely. How far the government goes in applying the Environmental Protection Act to Matach…
Grasberg boasts largest global gold reserve
An American company is claiming its Grasberg open pit mine in Indonesia has the largest published gold reserves of any of the world’s single operating mines. Freeport-McMoRan Gold (NYSE) recently anno…
U.S. REPORTS USMX discovers 3 new gold zones at Yankee project
As many as three separate gold deposits were reported to have been uncovered by USMX (NASDAQ) during a recent 116-hole drilling program on the North Yankee property in White Pine Cty., Nev. USMX repor…
Regal acquires claims covering Kirkland Lake diamond prospect
Toronto-based Regal Goldfields (COATS) has picked up nine claims covering a diamond-bearing kimberlite pipe 20 km northeast of Kirkland Lake, Ont. Discovered by LAC Minerals (TSE) in 1984, the pipe yi…
Gold goes over US$400 as Gulf war breaks out
Analysts who had predicted that the price of gold would stage a sharp rally after the Jan. 15 United Nations deadline for Iraq to withdraw from Kuwait proved to be right on the money. As stock markets…
Cheni’s drilling at J&L cuts consistent silver-zinc values
Drilling on the recently discovered Yellowjacket zone on the J&L property near Revelstoke, B.C., is returning consistently good results. Cheni Gold Mines (TSE) is funding the drilling program and can …
Fluorspar mine in Newfoundland closes due to depressed prices
A fluorspar mine on Newfoundland’s south coast has been closed indefinitely because of poor market prices. The decision comes just weeks after the mine operator’s parent company, Minworth PLC of Engla…