Junior Cross Lake Minerals (VSE) has acquired a 79-claim property in Steele Twp., northeast of Timmins, Ont. The property is 22 miles west of the Normetal zinc-copper-silver mine which produced 11.1 m…
ALUMINUM: MW U.S. market US62.00-64.00 cents per lb. (May 5, 1994). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993…
Expansion of the Goldfield project in Nevada is proceeding on schedule, with completion expected by June. Heap-leach operations are being upgraded to process up to 80,000 tons of ore per month. It is …
In Cuba, Holmer Gold Mines (ASE) has optioned five additional concessions totaling 1,730 sq. km. Four of the concessions, comprising 1,318 sq. km, are in the Pinar del Rio camp of western Cuba. Holmer…
Two gold- and silver-bearing structures are being evaluated on Keylock Resources’ (ASE) concession in Slovakia. The concession is in the centre of a large Tertiary-aged cauldera which has a history of…
To finance work at its Brookbank gold property near Beardmore, Ont., Ontex Resources (ASE) plans to make a rights offering. In so doing, the junior hopes to raise $835,000. Each Ontex shareholder will…
Exploration of the Taware Valley and Kupa prospects in Indonesia has returned encouraging results for Bre-X Minerals (TSE). The prospects are situated on Sangihe Island in the area known as North Sula…
A longtime member of the Canadian mining fraternity, Orval Leigh died recently. He was 58. Toward the end of 1987, he joined Battle Mountain (Canada) as vice-president and managed the company’s Canadi…
The U.S. subsidiary of American Barrick Resources (TSE) has been granted patents giving it full title and ownership of the Goldstrike property in Nevada. To date, the company has contributed $1 billio…
Price (US) Week’s Change Gold* $379.69 + $1.19 Silver* $ 5.44 + $0.17 Platinum* $397.25 + $5.50 Nickel** $ 2.81 + $0.21 Lead** $ 0.22 + $0.01 Copper $ 0.99 + $0.04 Zinc $ 0.44 + $0.01 Courtesy of Scot…
With positive results in hand from an independent feasibility study, Canyon Resources (NASDAQ) says mine development could begin this fall at the Briggs gold project in southeastern California. Constr…
BGR Central Net Value $16.66 $6.65 Price $13.63 $7.375 Premium 10.9% Discount 18.20% Value $135,333,000 $133,482,338…
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