METAL PRICES — FREE MARKET (July 22, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateJuly 16July 15July 12July 11July 10…
News
Fairfield to option out interest in Siwash property
The new management of Fairfield Minerals (FFD-T) has wasted little time finding a partner to develop the Siwash gold property near Merritt, in southern British Columbia.Aurizon Mines (ARZ-T) will earn…
Copper crash delays Gibraltar’s Lomas Bayas
Gibraltar Mines (GBM-T) is the first casualty to surface in the wake of the Sumitomo trading scandal.With the recent collapse in copper prices, Gibraltar is delaying the development of the Lomas Bayas…
Cominco drills Accha zinc-lead property in southern Peru
Cominco (CLT-T) has completed a preliminary 4-hole drill program on the joint-ventured Accha property of Southwestern Gold (SWG-T) in southern Peru.Cominco tested the extent of high-grade zinc-lead mi…
Abacus Minerals cuts massive sulphides at Alaska’s Lookout Mountain zone
To date, Abacus Minerals (AMC-V) has drilled 23 holes at the Niblack project in southeastern Alaska, and reported preliminary results from six of them.At the Lookout Mountain zone, drilling has identi…
Moris mine proves richer than expected
Production levels at the Moris gold-silver mine in Mexico’s Chihuahua state are exceeding expectations.From May 1 to June 30, the open-pit, heap-leach mine yielded 1,776 oz. gold and 2,600 oz. silver,…
Rio Algom president dead at 51 — Inmet, Rio win Antamina gold property
Celebrations by Rio Algom (ROM-T) and Inmet Mining (IMN-T) over a successful bid for the giant Antamina property in Peru have been cut short by the sudden death of Rio’s president.Lawrie Reinertson, 5…
Asarco to fund development of Minto copper mine in Yukon
In order to develop the Minto copper mine in the Yukon, Minto Explorations (MXO-V) has teamed up with its major shareholder, Asarco (AR-N).Asarco will acquire a 70% interest in the project and provide…
Lithos poised to lead in the production of lithium
Lithium is key to the future of Quebec-based Lithos (LTS-M), as surely as electric cars will eventually replace the ones now powered by gasoline.Lithos controls all known lithium deposits in Eastern C…
Sun shines brightly over Pirquitas silver play
In northwestern Argentina, Sunshine Mining & Refining (SSC-N) will double its efforts at the Pirquitas silver deposit for the second half of the year.The company spent US$1.3 million on drilling, assa…
EDITORIAL PAGE — Business as usual
The British Columbia Treaty Commission has criticized the provincial government for not upholding a commitment to “protect” land from resource development while native claims are being negotiated. Thi…
Breakwater completes Nanisivik purchase
Breakwater Resources (BWR-T) has completed the purchase of Nanisivik Mines from Alberta Energy. Nanisivik’s most significant asset is its namesake zinc mine, which produced 108 million lb. in 1995. Th…