Allegheny options gold properties
Allegheny Mines (ASE) has optioned two gold prospects, thereby adding to its properties near Atikokan, Ont. The Olcott and Eagle properties were optioned for cash payments of $85,000 and $10,000 each …
News
Eldorado expands
A new target has been established at La Trinidad, a gold project in the West Mexican state of Sinaloa. Eldorado (TSE) is conducting the work and can earn a 51% interest from Almaden Resources (VSE) by…
THE DIAMOND PAGE — Vancouver junior buying into South
An option agreement sets the stage for Diamond Fields Resources (VSE) to become the first Canadian company to acquire mining assets in South Africa since a new constitution was approved in that countr…
STOCK MARKETS — U.S. royalty bill chips away at gold
For the Toronto Stock Exchange, it has been a year when records of all sorts have given way to new benchmarks. But, alas, the week just past was not a record-breaking one — in the resource sector at …
EXPLORATION ’93 — Major uses of rhenium
The major uses of rhenium are in petroleum-reforming catalysts and in high-temperature superalloys used in jet engine components. The U.S. Bureau of Mines reports that rhenium is used in petroleum-ref…
METAL PRICES — FREE MARKET (November 29, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Nov. 23 Nov. 22 Nov. 19 Nov. 18 Nov. 17 Copper 1645-1646 1643-1644 1627-1628 1619-1620 1613-1614 Lead 402-403 400-401 400-401 397-398 39…
Spot prices at a glance (November 29, 1993)
Week’s Price (US) Change Gold* $376.10 + $2.40 Silver* $ 4.65 + $0.10 Platinum* $372.65 – $3.10 Nickel** $ 2.12 + $0.04 Lead** $ 0.18 $0.00 Copper $ 0.74 + $0.01 Zinc $ 0.42 $0.00 Courtesy of Scotiaba…
Financing (November 29, 1993)
Callisto Res. — 1,600,000 shs @ 10 cents. Dalton Res. — 2,000,000 shs @ 10 cents. Early Res. — 1,500,000 shs @ 10 cents. Euro-Nevada Mining — 1,100,000 units consisting of sh and purchase wt @ $38…
EXPLORATION ’93 — Louvicourt on-line for 1994 production
Development of the Louvicourt base metal deposit, near Val d’Or, Que., is proceeding as planned, with production expected to begin in July, 1994. “We are very pleased with the progress of the project …
EXPLORATION ’93 — Rea Gold follows growth strategy
When Canadian mining companies fled to the warmer political climes of South America, Rea Gold President James Hogan manoeuvred his Toronto-listed company through North America, snapping up bargain pla…
EXPLORATION ’93 — Kimberlite core draws Le Tac staking
When Jean-Jacques Martel opened the trunk of his car in downtown Montreal in July, 1992, to show core samples from Le Tac Twp. to geologist Peter Smith, the two knew they were on to something big. Mar…
EXPLORATION ’93 — Iron formation targets pursued in N.W.T.
Although diamonds are by far the target of choice for most explorers in the Northwest Territories, several companies are investigating properties containing iron-formation-hosted gold mineralization. …