U.S. Antimony producing again
Having avoided bankruptcy, United States Antimony is again producing gold on a small scale. More than 250 oz. per month is being produced from its Yellowjacket property in central Idaho. (The mill is …
News
Adex options Guyanese project
Under an option agreement, Adex Mining (TSE) can acquire up to a 60% interest in the Potts Falls gold concession in Guyana. Adex can earn the interest from Giddings Industrial Development Co., a priva…
Battle Mountain gets leeway in Crown Jewel ruling
An arbitrator has ruled that Battle Mountain Gold (NYSE) is not required to make the first two US$1-million penalty payments to Crown Resources (TSE) under the companies’ Crown Jewel joint-venture agr…
LETTERS TO THE EDITOR — Information sought about claims
I am one of a group of three independent prospectors who hold potential base metal claims in northwestern Grenfell Twp., near Kirkland Lake, Ont. These claims were the subject of considerable explorat…
OBITUARIES — Sherman Tough
The son of a prospector and a native of Cobalt, Ont., Sherman Tough has died. He was 82. His entry into the world of mining came at a young age when he accompanied his father, George, and his uncles i…
STOCK MARKETS — Bank rate jump causes 300 index to plummet
The Toronto Stock Exchange 300 composite index dropped 94.36 points March 29 to 4,393.61, its largest single-day loss since Feb. 4. The selloff was triggered by a two-thirds-of-a-percentage-point jump…
Loki ups tonnage at Brewery Creek
As part of an ongoing feasibility study of its Brewery Creek property, Loki Gold (VSE) has released a new estimate of the Yukon project’s geological resource. Based on a cutoff grade of 0.3 grams gold…
Producer Prices (April 04, 1994)
ALUMINUM: MW U.S. market US61.25-62.75 cents per lb. (Mar. 17, 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, 19…
China imposing a sales levy on miners
China is expected to slap a sales levy on domestic and foreign-funded mining firms to curb the growing waste of precious state-owned mineral resources. Song Ruixiang, China’s vice-minister of mining, …
NEWS ROUNDUP — Ramrod picks up Carlin ground
In purchasing Westmont Gold, Consolidated Ramrod Gold (TSE) has acquired interests in several properties in the Carlin Trend of northeastern Nevada. The properties cover more than 15,000 acres and Ram…
Opawica in Ghana
Toronto-listed Opawica Explorations is set to acquire privately owned Alex MacIntyre and Associates (AMAL). An agreement in principle calls for Opawica to pay $1.5 million in cash and issue 725,000 co…
EDITORIAL PAGE — Uncertainty in South Africa
In a few weeks, South Africa will stage the first multi-racial election in its history. At this point, it would seem Nelson Mandela and his black African National Congress (ANC) party are headed for v…