Spot prices at a glance (June 07, 1993)
Week’s Price (US) Change Gold* $368.25 $9.00 Silver* $ 4.37 $0.19 Platinum* $389.25 $0.85 Nickel** $ 2.55 $0.02 Lead** $ 0.18 $0.00 Copper $ 0.82 $0.01 Zinc $ 0.42 $0.02 Courtesy of Scotiabank. Inform…
News
Juniors swarm Pipeline area near Placer find
Major mining companies may dominate Nevada, but juniors are spearheading an exploration boom on properties surrounding the Pipeline gold discoveries in Crescent Valley. The Pipeline deposits are on th…
DIAMOND PAGE — In Ontario and Quebec . . . Drill results
Results are beginning to trickle in from a 73-hole reverse circulation drill program on ground held by Sudbury Contact Mines (TSE) in the Kirkland Lake diamond camp, says exploration geologist Peter H…
PRODUCER PRICES (June 07, 1993)
ALUMINUM: MW U.S. market US52.00-53.00 cents per lb. (May 27, 1993). ANTIMONY: MW New York dealer US78-82 cents per lb. (Mar. 26, 1993). BISMUTH: MW New York dealer US$2.50-2.70 per lb. (Mar. 26, 1993…
Western International drills Arizona copper
Reverse circulation drilling has started on Western International Explorations’ (CDN) Stray Elephant copper property in Arizona. The 8,000-ft., 30-hole program, which is testing for extensions of know…
Even studies Saudi copper project
A copper deposit in Saudi Arabia will be the focus of a prefeasibility study by Even Resources (VSE). The junior selected the project for detailed review after evaluating various mineral projects in t…
Westminer drilling Chibougamau bet
A drill hole by Westminer Canada on Greater Lenora Resources’ (TSE) Lac Anctil gold property near Chibougamau, Que., has intersected two shear zones with anomalous gold values. Hole LA-93-4 contained …
Another round of results for Casino
Drilling on the Casino property in the southern Yukon is continuing. Vancouver-listed Pacific Sentinel Gold has four rigs operating as part of a $7.2-million program to delineate a large porphyry copp…
`Improper motivation’ main cause of accidents
Last year, 2,800 mining accidents were reported to the Ontario Workers’ Compensation Board. That is equivalent to 15.5 accidents requiring medical aid for every 200,000 employee hours worked, accordin…
Gignac details Omai operations
Details of the new Omai gold mine in Guyana were presented by the president of Cambior at a recent luncheon of the Canadian Institute of Mining, Metallurgy and Petroleum in Toronto. Louis Gignac said …
Program yields positive results from Aurizon’s La Reyna
A $200,000 exploration program has yielded encouraging results at Aurizon Mines’ (TSE) La Reyna copper-gold property in the western Mexican state of Sinaloa. A northeasterly-trending soil anomaly, 4,0…
Cambiex closes public offering
Montreal-based Cambiex Exploration has closed its initial public offering of 5,000 units at $1,000 per unit. Each unit consists of 800 flow-through common shares and 200 common shares at $1 per share….