Canchrome hits high-grade pocket
Recent results from a 12-hole program on the Reed-Belanger property near Thetford Mines, Que., indicate the presence of a high-grade chromite pocket within the mineralized zone. Drilling along strike…
1991
Low metal prices stall Audrey deal
Quebec-based Audrey Resources (TSE) is close to completing the sale of its assets of the Mobrun mine and mill and its 50% interest in the 1100 project at Rouyn-Noranda, Que., to a European firm, Presi…
METAL PRICES FUTURES PRICES (July 01, 1991)
N.Y. Commodity Exchange High Low Close Week’s Change COPPER (HG) (in US cents per lb.) Jul 102.30 100.20 101.55 + 1.50 Aug 101.10 99.75 100.95 + 2.75 Sep 101…
Unlisted Trading Strike resumes drilling
Announcing a third phase of drilling at the Robertson base metal property near Kirkland Lake, Ont., Strike Minerals advanced to 38 cents before dropping back to close at 32 cents for the week ended Ju…
U.S. REPORT Galactic-Cornucopia merger in jeopardy
A merger between Galactic Resources (TSE) and Cornucopia Resources (TSE) may not be completed after Galactic failed to meet a condition of the merger agreement. The boards of the two companies agreed…
Copper Council meets in Quebec
About 90 delegates gathered here recently to attend a quarterly meeting of the American Copper Council and take part in, among other activities, a discussion on free trade agreements in North America….
New Mexican rules attract foreign firms
While it ranks as the world’s largest silver producer, Mexico is thought to be highly prospective for porphyry copper and bulk tonnage gold deposits which geologists say could be located by technology…
Akiko, Gold Fields execute agreement
A recently executed agreement allows Gold Fields Canadian Mining to earn 50% interests in various mineral properties held by Akiko-Lori Gold (VSE) and several associated companies in northwestern Brit…
U.S.REPORT NEWS IN BRIEF Drilling in Republic camp
A drill program began in early June on ground held by Consolidated Parklane Resources (VSE) and Equinox Resources (TSE) in northeastern Washington state. The Republic joint venture’s initial targets a…
Gaspe region prospectors hold meeting
The Association of Gaspesian Prospectors, bolstered by financial assistance from both the federal and provincial government, has grown into a vibrant organization with at least 250 members. Gathered i…
U.S.REPORT NEWS IN BRIEF Expansion drilling at Fort Knox
The first hole drilled this year at the Fort Knox gold property near Fairbanks, Alaska, averaged 0.089 oz. gold per ton over its entire length from zero to 820 ft. Fort Knox is an advanced, bulk tonn…
PRODUCER PRICES (July 01, 1991)
ALUMINUM: MW U.S. Market US56.50-60.50 cents per lb. (Jun. 13, 1991). ANTIMONY: New York dealer US84-85 cents per lb. (Mar. 14, 1991). BISMUTH: New York dealer US$2.90-3.05 per lb. (May 23, 1991). CA…