Libby project drilling planned
Drilling is expected to begin in early October on the Libby property to test zinc-lead targets. The project straddles the border near Trail, B.C., and includes the nearby Lead Hill mine property as we…
News
STOCK MARKETS — VSE resource index rebounds after Yeltsin
A move by Russian President Boris Yeltsin to abolish the current communist-dominated parliament and call new elections for December sent gold on a rollercoast ride late in the period ended Sept. 21. B…
METAL PRICES — FREE MARKET (September 27, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Sept. 21 Sept. 20 Sept. 17 Sept. 16 Sept. 15 Copper 1739-1740 1754-1756 1759-1760 1936-1938 1927-1930 Lead 371-372 373-374 374-375 379-3…
Spot prices at a glance (September 27, 1993)
Week’s Price (US) Change Gold* $355.00 + $9.75 Silver* $ 4.07 + $0.03 Platinum* $362.75 + $9.75 Nickel** $ 1.90 – $0.10 Lead** $ 0.17 $0.00 Copper $ 0.80 – $0.07 Zinc $ 0.40 $0.00 Courtesy of Scotiaba…
STOCK MARKETS — Russian turmoil zaps gold bugs into action
Thanks to Russian President Boris Yeltsin, who this past week, in effect fired the Russian Parliament, and appointed himself sole (though interim) chief, gold bugs were prodded off the sidelines and i…
NEWS ROUND-UP — Farallon drops Spanish, FAR
To conserve funds and concentrate on acquiring an undervalued, advanced-staged project, Farallon Resources (VSE) has elected to terminate option agreements on two projects. The company is dropping its…
NEWS ROUNDUP — Belmoral to buy oil and gas company
Toronto-based junior Belmoral Mines (ASE) has agreed to buy Langevin Resources, an oil and gas company managed by PanCanadian Petroleum (ASE). In connection with the acquisition, Belmoral will issue m…
Kinbauri ups damage claim to $10 million
Ottawa-based junior Kinbauri Gold has increased to $10 million its damage claim against International African Mining Gold (IAMGOLD). Kinbauri launched the lawsuit in August, 1991, after IAMGOLD, a pri…
Coming to a mine near you: ISO9000
What do Iron Ore Co. of Canada, Quebec Cassiar Mining, Bell Northern Research, Bombardier and Dupont Canada all have in common? They are all registered with ISO9000, a system of quality standards whic…
Bitech to sell Nugget Pond gold property
According to a signed letter of intent, privately owned Noveder can acquire the Nugget Pond gold property from Bitech (ASE). Situated on Newfoundland’s Baie Verte Peninsula, the property has estimated…
BHP Minerals considering additional work on X-Cal’s claims in
Drilling has been carried out by BHP Minerals on three properties held by X-Cal Resources (TSE) along Nevada’s Battle Mountain trend. The 20-hole program provided an initial test of some targets and w…
Mexican mines minister pledges shared-risk exploration
On a recent visit to Sonora and Mexico states, the mines minister for Mexico demonstrated his government’s support for the mining industry. E.L. Thalmann presented Sonora Governor M.P. Beltrones with …