Majors exploring Noble property
The stage is set for Gagan Gold (VSE) to earn a half interest in the Noble property by spending $400,000 over three years. The property, accessible by road, is near Birch Island in the district of Kam…
News
Dayton decides to go it alone
After a series of fruitless merger proposals, Dayton Mining (TSE) has decided to develop the Andacollo project on its own, for the time being. The project, in central Chile, was last estimated to cont…
Deep extension possible: MSV
Drilling by MSV Resources (ME) on its Copper Rand property near Chibougamou, Que., indicates a deep extension of the gold-copper mineralization. The company says “interesting gold and copper values” w…
Flag continues drilling in Sudbury
A second hole is under way at Flag Resources’ Mackelcan Twp. gold property northeast of Sudbury, Ont. The hole is being drilled to test a mineralized breccia zone which the company says contains “sign…
ODDS’N’SODS — The Ringsleben-Lakes connection
I first met Bill Ringsleben and Harold Lakes at the Emerald mine at Salmo, B.C., in the 1940s. Canadian Exploration had recently bought the Iron Mountain holdings from War-Time Metals and was anxious …
Fairfield Minerals sells ore to Asarco
Another gold sale was made by Fairfield Minerals (TSE) from test-mining activities at its Siwash North deposit near Merritt, B.C. The company sold 2,200 tons of high-grade ore to Asarco, to be process…
Steen to address CIM luncheon
Guest speaker at the Oct. 14 luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum will be Peter Steen, president of Homestake Mining of San Francisco. Steen’s t…
WAMIC names raffle winners
The Women’s Association of the Mining Industry has announced the winners of the raffle held at the group’s “Out-of-Africa” fall fair near Toronto. * First prize: a trip for two to South Africa. Winner…
METAL PRICES — FREE MARKET (October 11, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Oct. 5 Oct. 4 Oct. 1 Sept. 30 Sept. 29 Copper 1663-1664 1668-1669 1679-1680 1663-1664 1699-1700 Lead 355-356 364-365 361-362 364-365 365…
Spot prices at a glance (October 11, 1993)
Wednesday, Oct. 6 Week’s Price (US) Change Gold* $353.50 – $1.05 Silver* $354.15 + $0.09 Platinum* $359.25 – $1.75 Nickel** $351.91 + $0.05 Lead** $350.16 – $0.01 Copper $350.76 – $0.01 Zinc $350.41 +…
PRODUCER PRICES (October 11, 1993)
ALUMINUM: MW U.S. market US51.75-52.75 cents per lb. (Sept. 23, 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, 1…
Noranda Minerals spins off advanced materials company
A new business unit known as Noranda Advanced Materials has been opened in Ville Saint-Laurent, Que. The company is an offshoot of Noranda Minerals, itself a subsidiary of Noranda (TSE). It will produ…