Goldstack finds new zones in Utah
Two new mineralized zones, the Klewit zone and the Centennial prospect, have been found adjacent to Goldstack Resources’ (VSE) Yellowhammer copper-gold property in Gold Hill, Utah. The Klewit zone, ab…
1992
NEWS ROUNDUP — Trillion launches Zimbabwe program
A 10,000-metre drill program is under way on the 50% owned Jena Mines property in Zimbabwe, reports Trillion Resources (ASE). Using two rigs, Trillion is testing the Lioness zone, about one kilometre …
METAL PRICES — FREE MARKET (September 28, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Sept. 22 Sept. 21 Sept. 18 Sept. 17 Sept. 16 Copper 1404-1405 1417-1419 1382-1385 13…
NEWS ROUNDUP — Breckenridge options Spanish ground
Breckenridge Resources (VSE) has optioned the Eldorado mineral concession in Malaga province, Spain, from Harlequin Resources. The 2-year deal allows Breckenridge to earn 100% interest in the property…
Soquem options Minnova properties
Soquem has optioned six gold properties from Minnova (TSE) in northern Quebec’s Chapais area. The properties, covering 66 sq. km, are between the Lac Shortt and Bachelor gold mines, 80 km west of Chap…
PRODUCER PRICES (September 28, 1992)
ALUMINUM: MW U.S. market US58.25-58.75 cents per lb. (Sept. 10, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 19…
NEWS ROUNDUP — Wye turns to Poland for cash
Unable to raise money in Canada, Wye Resources (CDN) has turned to Eastern Europe for the funding needed to continue exploration on the Saganaga Lake gold property west of Thunder Bay, Ont. Wye says i…
NEWS ROUNDUP — Chilean court lifts Mahogany injunction
A recent injunction preventing International Mahogany (TSE) from shipping copper precipitates has been lifted by a Chilean court. The injunction resulted from a dispute between the company and its min…
Monopros spurs diamond play in Saskatchewan
Cash-rich diamond explorer Monopros confirmed recently that it will earn a one-third interest in the Fort a la Corne project of Cameco (TSE) and Uranerz Exploration and Mining near Prince Albert, Sask…
Metall, Minnova increase `confidence level’ for Izok
A recently completed drill program at the Izok Lake base metal property 360 km north of Yellowknife, N.W.T., has increased reserves and boosted confidence levels. Partners Metall Mining (TSE) and Minn…
NEWS ROUNDUP — Zinc showings at Leeds project
Summer exploration work at the Leeds property near Thetford Mines, Que., delimited a quasi-continuous outcrop zone of dolomite marble that extends for more than one kilometre, Noranda Exploration and …
BOOKS IN REVIEW — Guide to mining
SME Mining Engineering Handbook, 2nd Edition. Published by Society for Mining, Metallurgy, and Exploration. P.O. Box 625002, Littleton, Colo. 80162-5002. 2342 pages. US$128.50 (list price) US$97.50 (S…