1992


Government funds new quarry

Palin Granite Canada has been granted $600,000 from the Northern Heritage Fund Corp. (NOHFC) to develop and operate a new granite quarry near Kenora, Ont. The quarry project has created five new jobs …


MURDER: Unravelling events at the Giant mine

The Giant mine resumed operation Sept. 25 after Royal Oak Mines (TSE) received approval to reopen from the Northwest Territories mine safety inspector. The company expected to achieve full production …



NEWS ROUNDUP — Rea sells QR gold deposit to CMP

Subject to regulatory approval, Rea Gold (TSE) has agreed to sell its QR gold property near Quesnel, B.C., to CMP Resources (ME) for $450,000 plus 2.5 million shares of the company currently held by C…


Hecla gets permits for Grouse Creek

Federal and state environmental permits for development and production at Grouse Creek were recently received by owner Hecla Mining (NYSE). Permitting for the operation, in south-central Idaho, was de…


SEG, KWG continue Granada work

Joint venture partners SEG Exploration (ME) and KWG Resources (ME) are proceeding with the collection of a bulk sample from their Granada gold property near Val d’Or, Que. The 20,000-ton sample will b…


METAL PRICES — FREE MARKET (October 05, 1992)

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Sept. 29 Sept. 28 Sept. 25 Sept. 24 Sept. 23 Copper 1318-1320 1367-1368 1393-1394 13…




Placer sells Big Bell interest

The 50% interest in the Big Bell gold mine in Western Australia belonging to Placer Pacific, the 75.7% owned subsidiary of Placer Dome (TSE), has been sold to Poseidon Gold of Australia for about US$8…


Kalahari tests mag anomaly in Quebec

Vancouver-based Kalahari Resources (VSE) recently optioned 1,000 claims in the Eastern Twps. of Quebec from Peter Ferderber and Associates in exchange for 300,000 shares. The claim group, called the A…


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