News

Minera plans more drilling at Chilean copper project

Results of a 56-hole program at the Sierra Valenzuela project in northern Chile indicate the presence of extensive copper mineralization with potentially economic grades and dimensions. The core, rota…


Short courses precede meeting

Two short courses will precede the Nov. 3-5 meeting of the Alaska Miners Association (AMA) in Anchorage. Topics of the 2-day short courses, to take place Nov. 1 and 2, will be “Precious metal-bearing …



METAL PRICES — FREE MARKET (September 06, 1993)

London Metal Exchange Spot closing prices in $US per tonne Date Aug. 31 Aug. 30 Aug. 27 Aug. 26 Aug. 25 Copper 1970-1973 N/A 1969-1970 1947-1948 1969-1971 Lead 381-383 N/A 388-389 383-384 381-382 Zinc…



MSV acquires new properties

Montreal-listed MSV Resources has added to its holdings near Chibougamau, Que., by acquiring the mining concessions and surface equipment of three properties of Meston Resources. The properties — Ced…


Bema brings Labyrinth back to life

By transferring to Labyrinth Resources (VSE) its option on properties in Venezuela’s Lo Increible gold belt, parent Bema Gold (TSE) has invigorated the 76%-owned junior. In return for transferring var…


OSC to appeal penny stocks ruling

The Ontario Securities Commission (OSC) will appeal a judge’s ruling which struck down a policy aimed at controlling abuses in the sale of penny stocks. Justice Robert Blair of the general division of…


Cambior ups reserves at Omai

The reserve picture at the Omai gold mine in Guyana has suddenly expanded by 20%, a pleased Cambior (TSE) reports. The proven and probable estimate has increased to 55 million tons grading 0.047 oz. g…


Kidd may add to reserves

Deep underground exploration at the Kidd Creek mine in Timmins, Ont., has turned up potential new reserves. While precise figures are not available, speculation has it that as much as another 10 milli…


Western to drill Mackenzie Break

Definition drilling is planned by Western Quebec Mines (TSE) on its recently acquired Mackenzie Break gold project 35 km north of Val d’Or, Que. The 10,000-ft. program is aimed at verifying the contin…


NEWS ROUNDUP — Lower costs at Sterling mine

There is bad news and good news from the Sterling mine in Nevada: It produced 6,865 oz. gold during the first six months of the year, short of the 7,508 oz. reported for the same period in 1992. But c…


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