Kolmanskop site of first Namibian diamond find
Today Kolmanskop is a dusty, windswept ghost town on Namibia’s southern coast, but 85 years ago it was the scene of one of Africa’s largest diamond rushes. In 1908, Zacharias Lewala, an ex-laborer fro…
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Prime Equities options Johnson River play
Murray Pezim’s flagship, Prime Equities International (VSE), is proposing to spend at least $4 million this year to prove up a gold-rich polymetallic deposit in the Cook Inlet region of southern Alask…
Northern Crown says drilling on Zapote zone confirms
Drilling on the Guadalupe gold property in western Mexico is confirming the potential of the Zapote zone. Northern Crown Mines’ (VSE) recent work has been confined to sections 4950N and 4900N and is e…
Arimetco improves reserve estimate at Masaba property
A thorough analysis of drill core from the Mesaba copper-nickel orebody in Minnesota indicates a considerable improvement in reserves. Owner Arimetco International (TSE) and a team of state engineers …
THE EDITORIAL PAGE — Steppin’ out
In the mid-1960s, the Quebec government created Soquem, a mining exploration outfit. This government-funded enterprise proved remarkably successful in an industry noted for its private enterprise bias…
NO HEADLINE (March 21, 1994)
A recent preliminary agreement among the world’s leading aluminum-producing nations could mark a watershed in the management of commodity markets. The purpose of the agreement, reached in Brussels, wa…
New zone found at Grouse Creek
A high-grade gold occurrence has been discovered at the Grouse Creek project in south-central Idaho. Operator Hecla Mining (NYSE), whose partner in the venture is Great Lakes Minerals (TSE), reports t…
PRODUCER PRICES (March 21, 1994)
ALUMINUM: MW U.S. market US60.75-62.25cents per lb. (Mar. 3, 1994). ANTIMONY: MW New York dealer US76-80cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993)…
Joe Mann mine poses challenge to cost-conscious Campbell
Having been cut loose by Northgate Exploration, Campbell Resources (TSE) is confidently striking out on its own. President John Kachmar says the company hopes to produce 55,000 oz. gold in the current…
LETTERS TO THE EDITOR — Ceremonies are simple affairs
Regarding the editorial “Engineering some respect” (T.N.M., Jan. 17/94) and the reference to the Ritual of the Calling of the Engineer, the described conditions do not apply to Section No. 10 Quebec o…
Survey work set for southern Yukon
The Yukon Prospectors Association (YPA) and the Canada-Yukon Geoscience Office hope to spur exploration in the southern part of the territory with an airborne electromagnetic survey. Craig Hart, proje…
Gold Funds (March 14, 1994)
Gold Funds as of Mar. 9 BGR Central Net Value $16.77 $6.63 Price $13.75 $7.250 Premium 9.4% Discount 17.98% Value $136,159,000 $131,219,925…