Kemess enters development stage
Owners of the South Kemess copper-gold project have filed the first of two documents required for approval of mine development with the British Columbia government. El Condor Resources (VSE) and St. P…
1992
Consultant predicts copper price hitting $1.40 in ’93, $2 by ’95
Copper will rise to US$1.40 per lb. in 1993 and US$2 in 1995 says consultant William Hill of MPH Consultants Ltd. Hill, who has 25 years of experience in consulting to the copper industry, was speakin…
U.S.REPORT (March 23, 1992)
Joint venture partners Texas Star Resources (VSE) and Harrison Western Mining recently signed a deal with a subsidiary of Cyprus Minerals (NYSE) to fund a bankable feasibility for the Keystone project…
Radisson drilling uncovers new structure at Duquesne
A new deep structure has been discovered on the Duquesne property north of Rouyn-Noranda, Que., Radisson Mining Resources (ME) reports. The company recently undertook a 4-hole program in hopes of reac…
Copper trade beckons B.C. west — About $1 billion in B.C. copper
British Columbia has a long history of trade with Japan, which today is the province’s second largest trading partner and which purchases almost 30% of the province’s total exports in terms of value. …
Metal Prices (March 23, 1992)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar 17 Mar 16 Mar 13 Mar 12 Mar 11 Copper 1275-1276 1290-1292 1300-1301 …
OMA alarmed by revised Hydro plan
As environmental hearings on Ontario Hydro’s 25-year, demand-supply plan enter their second year, the Ontario Mining Association (OMA) is growing increasingly concerned about the direction the plan is…
Cambior output up, earnings decline
Gold production in 1991 totalled 312,665 oz., Cambior (TSE) reports, up by 31% from the previous year. Net earnings plunged, however, to $13.9 million from $23.9 million in 1990 on about the same reve…
Arizona Star drilling Aldebaran
A second-phase exploration program is now in progress at the Aldebaran project under option to Arizona Star Resource (TSE) in north-central Chile. Arizona Star is earning a 51% interest in the propert…
Hockey match set for March 30
The third annual Norman Keevil Memorial Hockey Game will be played March 30 at Toronto’s Moss Park Arena, 140 Sherbourne St., in conjunction with the convention of the Prospectors and Developers Assoc…
Bachelor plans ore shipment to Lac Shortt for processing
Toronto-based Bachelor Lake Gold Mines (TSE) says it will send 20,000 tons of broken gold ore from its mine near Desmaraisville, Que., to be processed at Minnova’s (TSE) Lac Shortt mill. Lac Shortt is…
U.S. REPORT (March 23, 1992)
A definitive agreement was recently concluded between Athena Gold (VSE) and Pegasus Gold (TSE) for continued exploration of the Talapoosa property in Nevada. Pegasus signed a deal giving it the right …