Trimin, Cameco boost reserves
Drilling by partners Trimin Resources (TSE) and crown corporation Cameco on their McIlvenna Bay base metals property has expanded reserves by more than 40%. Based on an additional 18,912 ft. of drilli…
News
Phelps Dodge drills confirm extension of Morenci mine
Phelps Dodge (TSE), the free world’s second largest copper producer, has identified an interesting-looking extension to the main orebody at its Morenci copper mine in Arizona. Vice-President Thomas Fo…
Inco puts out contract to eliminate mussels clogging water intake
Inco Ltd. has put out a contract to eliminate the millions of zebra mussels clogging water intake pipes at its Port Colborne refinery in Ontario. They interfere with regular operations at the plant. R…
Metal Prices FREE MARKET (January 07, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 1 Dec 31 Dec 28 Dec 27 Dec 26 Copper N/A N/A 1328-1330 1339-1340 N/A Lead N/A N/…
Editorial Mining will survive this recession, too
Old ideas die hard, and one that seems to be taking an inordinate amount of time on its way to the grave is the idea that mining is a dying industry. Remember the “Death of Mining” headlines in the ea…
Seven Mile High seeks partner
After a review of 1990 exploration results, partners Seven Mile High Group (VSE) and a unit of Inco (TSE) do not intend to carry out a second phase program on the North vein at the Vault gold property…
Val d’Or buys gypsum property
A gypsum property in northwestern Ontario has been purchased by Val d’Or Resources (ME) of Val d’Or, Que. President Pedro Cardoso said the group of 40 claims is known to host gypsum mineralization at …
FUTURES PRICES (January 07, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan 119.00 116.30 118.30 +6.80 Feb 118.10 117.90 118.05 +6.05 Mar 117.80 114.90 116.85 SILVER (in US cents per oz…
Fairbanks funding
Yorkton Securities has been retained by Fairbanks Gold (VSE) to complete a private placement of a minimum of 350,000 units at $5 per unit. The units will include one share and a share purchase warrant…
Freeze-up enables Wisconsin drilling resume
At least three drill programs are scheduled to get under way along the Rhinelander-Ladysmith greenstone belt of northeastern Wisconsin this month as explorers take advantage of winter freeze-up in the…
NEWS IN BRIEF Kerr shareholder
A minority shareholder of Kerr Addison Mines (TSE), the Ontario Municipal Employees Retirement Board, has increased its stake in Kerr to about 13.6% (about 2.4 million common shares) through the acqui…
Noranda drills copper-gold bet
Drill results were released by Yellowjack Resources (VSE) from a recent drilling program carried out by a unit of Noranda (TSE) on the Katie porphyry copper-gold prospect near Salmo, B.C. Four anomalo…