Canada tops global list in exploration spending
Despite the malaise spreading throughout Canada’s metals exploration industry, this country remains the leader in terms of exploration spending, says Halifax-based The Metals Economics Group Strategic…
1992
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…
Alberta Stock Exchange (January 13, 1992)
After announcing a lawsuit against VSE-listed Cal Graphite, Takla Star Resources jumped 9 cents to 39 cents during the week ended Jan. 7. Takla is claiming ownership of a graphite mine near Huntsville…
Spot prices at a glance (January 13, 1992)
Week’s Price (US) Change Gold* $350.30 – $3.10 Silver* $ 3.95 + $0.09 Platinum*$335.50+ $1.30 Nickel**$ 3.31 + $0.06 Lead** $ 0.24 $0.00 Copper $ 0.95 – $0.03 Zinc $ 0.51 – $0.02 Courtesy of Scotiaban…
Fort Knox Gold assays
In a recently published table of results from Fort Knox Gold Resources’ (TSE) nickel-copper prospect near Shining Tree, Ont., (T.N.M., Jan. 6/91), the copper and nickel assays were reversed. The table…
Quarry funding for Aguathuna
Ontario-based Aguathuna Mining plans to establish a limestone and dolomite quarry at Aguathuna on the Port au Port Peninsula in Newfoundland. The company will receive $700,000 from Ottawa’s Fisheries …
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…
Vancouver Stock Exchange (January 13, 1992)
The VSE’s resource index staged a sharp rebound heading into 1992, gaining 38 points to finish the period ended Jan. 7 at 492.85. The composite index followed with a more modest increase of 7.56 point…
Carlin reviews merger proposal
The board of Carlin Resources (VSE) is reviewing an offer to merge with an undisclosed public company trading on the Vancouver Stock Exchange. Carlin management believes the party is making the propos…