METAL PRICES — FREE MARKET (July 03, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateJune 27June 26June 23June 22June 21Copper3056-3057 3100-3103 3125-31303135-31403097-3098Lead621-622 626-627 621.5-622.5 611-612…
News
Alaskan legislation aims to increase exploration
Legislation aimed at increasing the level of mineral exploration in Alaska has been passed.Bill 197, known as the mining incentive bill, provides a 100% credit for all eligible exploration costs that …
New Canamin approves merger
Shareholders of New Canamin Resources (VSE) approved the proposed merger with Princeton Mining (TSE) and, as a result, the company is now a wholly owned subsidiary of Princeton.Under the plan of arran…
DIAMOND NEWS ROUNDUP — Drilling and sampling in full swing at AK joint venture
Delineation drilling of the 5034 kimberlite pipe is continuing at the AK property, held 50% by Mountain Province Mining (VSE), 40% by Glenmore Highlands (ASE) and 10% by Camphor Ventures (VSE).To date…
Bre-X ups resource at Busang
An independent consultant has updated the resource at the Busang gold property in East Kalimantan, Indonesia.Owner Bre-X Minerals (ASE) estimates that, based on a cutoff grade of 1 gram gold per tonne…
Winter program enhances diamond project
Winter drilling at the N.W.T. Diamonds project near Lac de Gras has substantially increased the grade of the Misery pipe and enhanced or confirmed the previously reported grades of the Koala, Panda an…
Gitennes lands nickel prospect
Bucking the rush to search for nickel in Voisey Bay, Labrador, Gitennes Exploration (ASE) has optioned a promising nickel-copper project 20 miles from La Ronge, Sask.President Jerry Blackwell says the…
Zamora intensifies work in Ecuador
Junior explorer Zamora Gold (CDN) will embark on a second round of core drilling on its Mina Real concession in southern Ecuador.Within the 5,066-hectare concession area, an exploration program planne…
Drills set to turn at DKO property
Drilling will begin shortly on the DKO gold property near Kirkland Lake, Ont.Findore Minerals (CDN) and its joint-venture partner, International Homestead Resources (VSE), aim to intercept at depth th…
Ecuadorian Minerals options Chaucha play
Toronto-listed junior Ecuadorian Minerals (EM) can acquire a 65% interest in the Chaucha property in southern Ecuador.The 5,100-hectare property, held by Ag Armeno Mines and Minerals (VSE) and Ecuador…
COMMENTARY — A better climate for mining
The Standing Committee on Natural Resources submitted nine key recommendations to the government last fall in order to strengthen the Canadian mining industry.These recommendations were not reflected …
EDITORIAL PAGE — Property rights and the Choctawahatchee beech mouse
In 1992, American taxpayers shelled out about US$16 million to “save” the endangered Choctawahatchee beech mouse.But that is a pittance, compared with the $73.4 million spent that year to “save” the r…