Musto seeks partner for Argentine play
Having completed the feasibility study on its Bajo de la Alumbrera deposit in northwestern Argentina, International Musto Explorations (TSE) is seeking a partner to help develop the US$550-million pro…
News
Exall bioleach tests are upbeat
Success has resulted from initial bioleach tests on copper sulphide ores from the Santo Tomas porphyry property in western Mexico. Exall Resources (TSE) submitted a composite sample to the Rio Tinto Z…
Company focuses on high-grade deposits — Kookaburra lands
Kookaburra Resources (TSE) has gained control of the Tacaza copper project in southwestern Peru. The company paid US$50,000 after agreeing to pay a further US$500,000 over 3.5 years to acquire the pro…
Golden trenches for Cathedral (December 06, 1993)
Trenching on the Kaburi-Eldorado project in Guyana has returned gold values over widths up to 66 ft. grading 0.14 oz. gold per ton. Cathedral Gold (TSE) can earn up to a 90% interest in the property, …
EDITORIAL PAGE — Saskatchewan royalties?
Much attention has been drawn to the proposed royalties on metal mines in the United States. There, the House of Representatives has passed a bill calling for an 8% net smelter royalty on mines situat…
Minerals symposium scheduled
The 16th annual Ontario Mines and Minerals Symposium will be held Dec. 14 and 15 in the Macdonald Block at Queen’s Park, Toronto. Hosted by the Ontario Ministry of Northern Development and Mines, the …
Platinum mine under evaluation in Zimbabwe
Australian-based BHP Minerals has nearly finished evaluating a potential new platinum mine in Zimbabwe. BHP is earning a 67% interest from Delta Gold by completing a feasibility study and, if positive…
Eden Roc outlines gold anomaly
Eden Roc Minerals (TSE) has identified three major gold anomalies on a portion of its Ivory Coast exploration concession. One such anomaly runs for 900 meters, twice the length of the anomaly that out…
Valdez options Mexican prospect
Toronto-based Valdez Gold (ASE) has agreed to acquire two contiguous gold-mining claims in Mexico. Valdez will earn its interest in the Diana claims by paying US$2.3 million, of which US$1.9 million i…
PRODUCER PRICES (December 06, 1993)
ALUMINUM: MW U.S. market US49.5-50.5 cents per lb. (Nov. 11, 1993). 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…
Salvadoran joint venture extended
Drilling on El Dorado, a gold project in El Salvador, continues to extend the Nueva Esperanza vein discovery. The project is being explored under a joint venture among three companies: Mirage Resource…
INSIDER TRADING — Wheaton officers sell shares
Two officers of Wheaton River Minerals (TSE) sold shares in September and October. According to the Ontario Securities Commission’s OSC Bulletin, President Visco Jutronich sold 102,500 shares at $1.80…