Spot prices at a glance (October 07, 1991)
Week’s Price (US) Change Gold* $354.40 + $2.00 Silver* $ 4.22 – $0.02 Platinum* $351.25 – $6.25 Nickel** $ 3.44 … Lead** $ 0.24 … Copper $ 1.06 … Zinc $ 0.45 – $0.01 Courtesy of Scotiabank. Info…
1991
Construction set to start this spring at Stronsay project
The British Columbia government recently approved a mine development certificate for the Stronsay project, a zinc-lead deposit about 240 km northwest of Fort St. John. Formerly known as Cirque, the St…
Black Cliff options Chile tailings dumps
Toronto-based Black Cliff Mines (TSE) has signed an option agreement with a Chilean company to earn a 70% interest in several gold-silver-copper tailings deposits near Atacama in central Chile. The ag…
Fort Knox hits low-grade zone
Recently completed drilling in the Shining Tree area of northeastern Ontario has re-turned low-grade base metal values for Fort Knox Gold Resources (TSE). Testing a geophysical target on its 100% owne…
FUTURES PRICES (October 07, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 108.20 107.00 108.00 + 1.50 Nov 106.00 105.70 106.35 + 0.95 Dec 105.10 103.90 105.00 … SILVER (in US cents …
Athabaska drills at Nicholas Lake
With financial backing from Royal Oak Mines (TSE), Vancouver-based Athabaska Gold Resources (TSE) has begun drilling at its 60% owned Nicholas Lake gold project north of Yellowknife, N.W.T. Royal Oak …
Study estimates 18% return at Holloway project
A feasibility study recently completed on the Lightning gold zone near Matheson, Ont., indicates that the deposit would generate a 17.9% rate of return on a stand-alone basis. The study is based on a …
Guest Column (October 07, 1991)
The visit earlier this year by University of Toronto professor Tony Naldrett and myself to the Noril’sk mining camp in Siberia was arranged by the Soviet Academy of Sciences and hosted by the Noril’sk…
PEOPLE (October 07, 1991)
Sadia Cohen appointed president.
NEWS ROUNDUP (October 07, 1991)
Newmont Mining (NYSE), North America’s largest gold producer, continued to reduce its debt load recently by completing the redemption of its 7% exchangeable debentures. Due Aug. 15, 2001, the debentur…
Spring, Cove get mixed results
Rumors of a 90-ft. intersection grading over one ounce gold per ton were laid to rest when Granges (TSE) and two junior partners announced the latest results from drilling on the Unuk River property i…
U.S REPORT
Recent drilling by Kennecott returned the best overall grade to date from the Lockwood polymetallic project near Everett, Wa. The major company can earn a 51% interest in the property from owners, Isl…