Noranda’s zinc output declines
Forecast zinc concentrate output this year from the mines of Noranda (TSE) has been reduced by more than was previously announced. A reduction of 90,000, rather than 70,000, tonnes is now expected. Th…
News
Black Pine drilling
A second phase of drilling at the Black Pine property of Formation Capital (VSE) has extended the known strike length of possibly connected mineralized zones to more than 4,000 ft., compared with the …
NEWS ROUNDUP — Golden Star lists on American Exchange
Junior gold miner Golden Star Resources (TSE) has begun trading on the American Stock Exchange. The company, which recently moved to Denver, Colo., is mining and exploring for gold in the Guiana Shiel…
NEWS ROUNDUP — Comstate bids to take over Comaplex
Calgary-based junior Comstate Resources (TSE) has made a bid to buy all the issued and outstanding shares of Comaplex Resources (TSE). The Schaffhauser Kantonalbank of Switzerland and three directors …
LAST BUT NOT LEAST — Gaspesie reports titanium find
A mineralized zone of titanium and phosphate has been uncovered in the Baie Comeau area of Quebec’s North Shore, Gaspesie, Societe d’explorations petroliere et miniere (ME) reports. The mineralization…
PRODUCER PRICES (September 27, 1993)
ALUMINUM: MW U.S. market US53.50-54.25 cents per lb. (Sept. 9, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.60 per lb. (Sept. 9, 199…
Lac among several bidding on Chile project
In the first of what may be several bidding wars on separate Chilean mining projects, Codelco is reviewing nine submissions on the giant El Abra project. The first to be made public was the bid by Lac…
Wheaton to issue private placement
Junior gold miner Wheaton River Minerals (TSE) plans to issue a private placement of 500,000 units at $1.58 each to raise $790,000. Each unit will consist of one common share and one warrant. Each war…
Flag hits zone in Wanapitei drilling near Sudbury
A hole drilled on Flag Resources’ (ASE) Wanapitei property, northeast of Sudbury, Ont., has intersected 166.4 ft. of mineralized breccia. The 200-ft. hole, drilled to test an induced polarization anom…
Fairfield selling more gold
So far this year, Fairfield Minerals (TSE) has produced more than 6,000 oz. gold and 5,500 oz. silver from test mining on its Siwash North gold deposit near Merritt, in southern British Columbia. The …
Loki goes it alone at Brewery Creek
Junior Loki Gold (VSE) continues to work towards a Jan. 1, 1994, deadline for deciding whether it will initiate a feasibility study for its Brewery Creek gold project, 57 km east of Dawson City, Y.T. …
Gold Funds (September 27, 1993)
Gold Funds as of Sept. 21 BGR Central Net Value $12.78 $5.62 Price $11.00 $6.125 Discount 13.91% 9.0% Value $71,571,000 $110,858,213…