Miramar pulls high-grade intersection
Recent drilling on the Golden Eagle property, formerly known as the Flowery mine, returned a 60-ft. intersection from 110 ft. to 170 ft., grading an average of 1.08 oz. gold per ton. The Golden Eagle …
1992
Fluor, Davy McKee awarded contract by Kennecott
A contract to provide engineering, procurement and construction management for the Utah copper smelter modernization project of Kennecott was awarded to Fluor Daniel Inc. and Davy McKee Corp. The cont…
Swansea arranges bulk testing
An agreement covering the additional bulk testing of 35,000 tonnes from the Montana Ruby Creel alluvial gold deposit in Montana has been signed with a state-based contractor, Swansea Gold Mines (CDN) …
Correction (July 20, 1992)
Shannon Energy (ASE) advises that it is not involved in a joint venture with Orapro Resources involving exploration for diamonds in Manitoba (T.N.M., July 13/92). Orapro, based in Regina, has been exp…
Biron Bay stakes north of Summit
Toronto-based Biron Bay Resources (ASE) has staked claims covering 8,000 ft. of strike length immediately north of its Summit project in Grant County, N.M., says President Leonard Taylor. Encouraged b…
Hemlo explores Northfield claims
Gold producer Hemlo Gold Mines (TSE) has started exploring the Swansea property near Virginiatown, Ont., after signing a final option agreement with Northfield Minerals (ASE). Under the terms of the a…
PEOPLE — CHASE RESOURCES
Michael Callahan appointed director and chief financial officer.
Etruscan acquires Tyro project
A Nova Scotia-based junior recently exercised an option to acquire the Tyro property in Mohave Cty., Ariz., a gold project containing preliminary reserves of 1 million tons averaging 0.12 oz. gold and…
Grants for exploration in Ontario top $11 million
Ontario has approved more than $11-million worth of grants to exploration-related projects this year, announced Shelley Martel, minister of Northern Development and Mines. — The Ontario Prospectors A…
METAL PRICES — FREE MARKET (July 20, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds ster ling per tonne) Date July 14 July 13 July 10 July 9 July 8 Copper 1310-1311 1301-1302 1294-1295 1332-133…
Royal Oak financing raises $12 million
Gross proceeds of $12 million were reported by Royal Oak Mines (TSE) from the recent sale of 7.27 million special warrants at $1.65 each. The special warrants were sold by First Marathon and ScotiaMcL…
Inco withdraws
Nickel-producer Inco (TSE) says it has withdrawn from negotiations concern ing its possible purchase (72% interest) in the Queensland Nickel joint ven ture in Australia. Inco was talking with a consor…