Eden Roc Mineral continues drilling
While one drill focused on near-surface exploration on Eden Roc’s (TSE) Ivory Coast property, a second has been defining the Brahima deposit in preparation for mining startup this fall. The Brahima is…
News
ODDS’N’SODS — Survey control underground essential to
Survey control in underground mines is essential to ensuring the efficiency of mining systems. I vividly recall my first venture into a mine, in the early years of the Second World War, at the Red Ros…
Imperial Metals shares to be sold
Five European shareholders of Imperial Metals (TSE) have filed notices of their intention to sell up to a total of 20 million shares of the company. The holding represents 38% of Imperial’s 52 million…
NEWS IN BRIEF (June 13, 1994)
Goldpac Investments (GPK:VSE) has changed its name to Brimstone Gold (BSC:VSE) on a 1-new-for-5-old-share basis.
STOCK MARKETS — Markets stay the course despite drop in gold
Although the stock markets have been on a slide for the past month or so, trading on the Toronto Stock Exchange is still well ahead of last year. For example, the TSE’s average daily value of $808.1 m…
Deadline set for June 20 — Anvil negotiates Faro
A private company run by former executives of now-bankrupt Curragh expects to reach a deal with receiver Peat Marwick Thorne this month regarding the purchase of Curragh’s Faro lead-zinc mine in the c…
Dupont develops copper-gold process
A new, cost-effective, integrated process for the economic production of gold and copper from ores containing cyanide-soluble copper has been developed by DuPont. The company says this technology can …
PEOPLE — WESTERN GARNET (June 13, 1994)
Lindsay Gorrill appointed president and chief executive officer; Ian Falconer appointed chairman.
Princeton considers reopening Similco mine
Encouraged by recent strength in the price of copper, Princeton Mining (TSE) is considering reopening its Similco mine near Princeton, B.C. Operations were suspended last fall as a result of the then-…
Silver demand exceeds supply
Global demand for silver exceeded supply for the fourth consecutive year in 1993 and the trend is expected to continue in 1994, The Silver Institute predicts. In its World Silver Survey, 1994, the Was…
METAL PRICES (June 13, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date June 7 June 6 June 3 June 2 June 1 Copper 2259-2261 2234-2235 2231-2232 2220-2221 2213-2214 Lead 499-499.5 499.5-500.5 506.5-507 501-503…
Great Lakes gets second Mexican project
Toronto-listed Great Lakes Minerals can acquire a second gold property near Mocorito in Mexico’s Sinaloa state. The project, known as Palmarito, covers 832 hectares and hosts a past-producing gold-sil…