Quail drilling intersects values
The first two holes in this year’s drilling program on the Golden Quail property in San Bernardino Cty., Calif., returned gold values for joint venture partners Golden Quail Resources (VSE) and Golden…
1992
Newfoundland’s mines minister buoyant about minerals sector (June 08, 1992)
Three years ago, Rex Gibbons typed a short resignation letter and walked out the door of the Newfoundland Department of Mines where he had worked as a senior geologist for 13 years. One month later he…
Asarco poised for metal price upswing
Commenting on the 1991 performance of Asarco (NYSE) at a recent meeting of the Toronto Society of Financial Analysts (TSFA), Chairman Richard de J. Osborne said it was “not a great earnings year.” Asa…
Blending of reserves boosts value of McCreedy East mine
Canadian ore reserves quoted by Inco (TSE) for the year ending 1991 are 401 million short tons grading 1.44% nickel and 0.85% copper. Not high grade by any measure. Technical and organizational improv…
Minera’s leach tests at Ivan aimed at cathode production
Sulphide samples from bacterially assisted leaching at the Ivan copper project in Chile are being sent to a laboratory for testing, Minera Rayrock (TSE) reports. The company says acceptable recoveries…
Adonos and Starmin plan to drill copper-gold project in
A drill program is planned by Adonos Resources (VSE) and Starmin Mining (TSE) for their copper-gold project in the Philippines to test, in part, the deposit’s strike extension. As well, the program wi…
Stock Markets (June 08, 1992)
Both the Vancouver Stock Exchange resource and composite indices continued to gain ground during the week ended June 2 with diamond exploration remaining the “special of the week”. The composite index…
METAL PRICES (June 08, 1992)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne)…
Elliot Lake miners undergo retraining
Mine closings are always difficult situations for communities dependent on such operations for their economic well-being. Workers and their families in the uranium-mining community of Elliot Lake, Ont…
Galleon, BMR plan drilling
A US$200,000 drilling program is planned for the Madison gold-copper property about 25 miles southeast of Butte, Mont., by owners Galleon Mining (VSE) and BMR Gold (VSE). The companies can earn a 100%…
TORONTO STOCK EXCHANGE INDICES (June 08, 1992)
Composite “300” 3410.20 3403.98 3387.93 3375.34 3382.86 4009.47 3009.91 Metals & Minerals 3148.85 3110.82 3110.19 3097.07 3087.21 3453.06 2502.63 Integrated Mines 3358.41 3314.22 3315.05 3300.61 3291….
Cameco president presents positive long-term view
Producer Cameco (TSE) of Saskatoon remained profitable in 1991 despite low uranium prices. Earnings were $1.03 per share compared with $2.21 in 1990. Despite a lacklustre year, President Bernard Miche…