LAST BUT NOT LEAST — Name change for Red Rock
Junior Red Rock Mining (NASDAQ) has acquired the Goldfield project in Nevada and changed its corporate name. Red Rock issued 12 million shares to American Resource (NASDAQ) for the latter’s 50% intere…
News
NEWS ROUNDUP — Platinova active in Greenland
In Greenland, exploration has begun on two base metals properties in which Platinova A/S (TSE) holds interests. Two drills have been sent to the northern peninsula of Peary Land to explore the company…
LETTER TO THE EDITOR — Manitoba extends welcome to new
Your editorial “Exodus” (T.N.M., June 6/94) suggests a number of reasons for a decline in exploration in Canada and, to your credit, some potential solutions. My concern is your reference to junior ex…
The environment and management
Environmental concerns will be the focus of the Mining Environmental Management Conference at Reno, Nev., Oct. 16-19. The conference and accompanying exhibition are aimed at executive and technical ma…
Tri Origin exploring projects in Ontario
Toronto-based Tri Origin Exploration (TSE) has started work on its four Ontario gold projects. A 2,500-metre drill program will be carried out on the Sault project, 90 km north of Sault Ste. Marie. Pr…
LAST BUT NOT LEAST — Electra boosts earnings
A half interest in the Aurora Partnership gold mine enabled Electra Mining Consolidated (VSE) to earn $382,462 (14 cents per share) in the first quarter. This compares with a loss of $42,416 for the s…
LAST BUT NOT LEAST — HMC options ground in east
CDN-listed Hendricks Minerals Canada can earn a 75% interest in three properties in New Brunswick and Nova Scotia. The agreement covers gold geochemical and geophysical anomalies in Paleozoic volcanic…
EDITORIAL PAGE — The SX-EW alternative
For conventional producers of copper, especially those at the high end of the cost curve, SX-EW is a dirty word. Their antipathy toward the process is well founded because, on average, it is much chea…
EDITORIAL PAGE — Uranium exports strictly regulated
For Cameco, extracting the uranium from any of its holdings in Saskatchewan is only half the job. As a result of strict regulations in the industry, actual delivery to clients can take anywhere from a…
Spot prices at a glance (June 27, 1994)
Price (US) Change Gold* $393.10 + $9.60 Silver* $ 5.54 + $0.18 Platinum* $408.75 + $7.25 Nickel** $ 2.84 – $0.04 Lead** $ 0.24 $0.00 Copper $ 1.09 + $0.01 Zinc $ 0.44 $0.00 Courtesy of Scotiabank. Inf…
MINING IN CHILE — Supply, demand fundamentals drive the
The recent upswing in the price of copper — the red metal set a new 15-month high by topping US$1 per lb. — has caught the attention of producers and investors alike. Unlike the sudden rallies withi…
MINING IN CHILE — Ivan project near production startup
The Ivan copper project in northern Chile is scheduled for startup in the second half of 1994, reports Minera Rayrock (TSE). Situated 40 km northeast of the seaport of Antofagasta, the operation is ex…