Chutine awaiting feasibility study
A feasibility study for an open- pit copper mining operation in northwestern Mexico is expected to be completed during the second half of October, shareholders of Chutine Resources (VSE) were told at …
News
More good values at New World as five drill rigs work full time
Total drilling exploration at the New World copper-gold-silver property in Montana of Crown Butte Resources (TSE) and Noranda Exploration has reached more than 67,000 ft. in 168 holes, the companies r…
Copper consumption is forecast to rise
Global copper consumption is forecast to rise by 1.4% per year until the year 2000, says marketing information firm Roskill of London in its report The Economics of Copper 1990. The most important iss…
EDITORIAL PAGE Say too much of say too little
Eyeball assays. It is not our term, but it is one that has apparently taken hold in the exploration field. Or perhaps we should say in the promotion field. It is an apt expression. Essentially, it ref…
Aur, Louvem await exchange approval
An agreement that settles all of the litigation surrounding the Aur Resources (TSE), Societe Miniere Louvem (TSE) massive sulphide discovery, was expected to close three days behind schedule, Sept. 27…
U.S. REPORT Fairbanks expanding Fort Knox
Development of the Fort Knox property, near Fairbanks, Alaska, has been accelerated with the addition of two drills. The property, 51% owned and operated by Fairbanks Gold (VSE), now has six diamond c…
Royal Oak secures $14-million loan
New York bullion trader Sharps Pixley has agreed to provide up to $14 million in debt financing for Royal Oak Resources’ (TSE) $33- million acquisition of the Pamour (TSE) group of companies. The acqu…
More public education needed on industry, the environment
Environment and the mining industry was one of several topics touched on by Corona (TSE) President Peter Steen when he addressed a recent district meeting of the Canadian Institute of Mining, Metallur…
U.S.REPORT Gold Express seeks to reopen Copper Flat
If financing can be arranged, Gold Express (NASDAQ) has plans to bring the Copper Flat mine back into production. It is in Sierra Cty., N.M., and owned 100% by Gold Express. Copper Flat hosts reserves…
Metal Prices FREE MARKET (October 01, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date September 25 September 24 September 21 September 20 September 19 Copper 1476-1478 14…
Bond sells 810,000 oz forward to cut debt
Taking advantage of the recent run-up in gold prices, Bond International Gold (TSE) has sold forward 810,000 oz. of gold at an average price of US$425 per oz. Bond, 65% owned by Toronto- based LAC Min…
U.S. REPORT Gold Standard loses suit against bank
Gold Standard (NASDAQ), the Utah company that is attempting to win back the Mercur gold mine from American Barrick Resources (TSE), recently lost its case against British banking firm Samuel Montagu &…