Asarco drops Taseko property
After funding over $1 million of exploration over the past two years, a unit of Asarco (NYSE) recently dropped its option to earn 60% of the Taseko copper-gold property west of Clinton, B.C. Westpine …
1992
Breakwater works at restructuring
Financially beleaguered Breakwater Resources (TSE) is continuing negotiations with an undisclosed party aimed at reaching an agreement for a restructuring plan. The company, which has reported heavy l…
Newmont mine yields million oz.
A North American mine produced more than one million ounces gold in 1991. The Gold Quarry mine of Newmont Gold (NYSE) in northeastern Nevada yielded about 1,025,000 oz. during the year. The mine set i…
TSE STOCK EXCHANGE INDICES (January 13, 1992)
Jan 7 Jan 6 Jan 3 Jan 2 Jan 1 Dec 31 High Low Composite 300 3512.92 3524.77 3517.47 3493.66 HOL. 3512.36 4009.47 3009.91 Metals & Minerals2937.61 2943.65 2982.27 2935.22 HOL. 2954.99 3453.06 2502.63 I…
Takla Star sues Cal Graphite
Alberta-based Takla Star Resources (ASE) recently launched a major lawsuit in Ontario seeking the return of a graphite mining property at Graphite Lake, Ont., from Cal Graphite (VSE). Takla Star is al…
GSC colloquium set for Ottawa
The Geological Survey of Canada (GSC) will stage its second Minerals Colloquium in Ottawa on Jan. 22-24. The colloquium will follow the GSC Forum on Jan. 20-22. The colloquium and forum comprise the s…
Glimmer, Hemlo pick up contact
With the latest phase of drilling on its property near Matheson, Ont., complete, Glimmer Resources (VSE) says mineralization has been extended 100 metres along strike. Hole 91-60, which picked up the …
Crown Butte’s New World hottest play in Montana
One of the more active projects this year is Crown Butte Resources’ (TSE) New World gold-silver-copper property in an old mining camp near Cooke City, Mont. The company took on the project in 1987, wi…
Focus on Washington’s Republic gold camp
Exploration activity in Washington was largely focused on the Republic gold camp, a region best known for Hecla Mining’s (NYSE) high-grade (0.9 oz. head grade) gold mine. Hecla is still exploring near…
Metal Prices (January 13, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 7 Jan 6 Jan 3 Jan 2 Jan 1 Copper 1130-1131 1133-1134 1150-1151 1146-1147 NA Lead…
PRODUCER PRICES (January 13, 1992)
ALUMINUM: MW U.S. market US51.00-51.50 cents per lb. (Dec. 26, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CAD…
Gaspesie raises working funds
The sale of one million treasury shares of Gaspesie, Societe d’Explorations Petroliere et Miniere (ME) at 25 cents per share raised $250,000, which the company says will be used mainly for the develop…