Fancamp acquires gold property
Vancouver junior Fancamp Resources (VSE) has acquired 10 claims near the recent gold discovery made by PGE Resources (ASE) in the St. Croix sedimentary-volcanic terrane, 50 km north of Saint John, N.B…
News
McKnight leads Asian trade delegation
A Canadian business delegation led by Energy, Mines and Resources (EMR) Minister William McKnight is currently visiting Thailand, Korea and Japan. “These countries are important trading partners for C…
LETTERS TO THE EDITOR — Comparison not justified
In a recent article (T.N.M., Feb. 15/93) concerning the initial results obtained from the Outlet Bay diatreme, a comparison was made between the discovery of a microdiamond from this location and the …
OBITUARY — Paul E. Young
A former mining engineer with Rio Algom Ltd., Paul Young, died recently at Waterloo, Ont. He was 85. After graduating from the Michigan College of Mining and Technology in 1931, Young commenced a leng…
Fairfield ships more gold ore
A second shipment of high-grade gold ore containing a minimum 6,560 oz. gold was made by Fairfield Minerals (TSE) to Noranda’s Horne smelter in Eastern Canada. Fairfield has so far shipped a total of …
NovaGold resumes drilling program
A 1,500-metre drilling program is under way at its Sears Lake and Sewell Brook properties in northern New Brunswick, reports operator NovaGold Resources (TSE). The program is financed by Kennecott Can…
Spot prices at a glance (March 08, 1993)
Week’s Price (US) Change Gold* $329.55 – $0.80 Silver* $ 3.58 – $0.02 Platinum* $342.50 – $4.25 Nickel** $ 2.68 – $0.14 Lead** $ 0.19 $0.00 Copper $ 0.97 – $0.03 Zinc $ 0.46 – $0.02 Courtesy of Scotia…
PRODUCER PRICES (March 08, 1993)
ALUMINUM: MW U.S. market US55-56 cents per lb. (Feb. 25, 1993). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992). CA…
FINANCING (March 08, 1993)
Breckenridge Res. Ltd. — 1,000,000 units @ 65 cents per unit where each unit consists of 1 sh and 2 wts. 2 Series A wts to purchase 1 sh. Plus an over-allotment of 150,000 units @ 60.125 cents per un…
Cominco issue worth $12 million
A $12-million private placement by Cominco (TSE) will provide an cash infusion enabling Cominco Resources International (TSE) to advance projects in Turkey and Chile and meet ongoing requirements of t…
Crude steel output decreases
World crude steel production in 1992 totalled 714 million tonnes, off 3% from the 1991 amount, according to preliminary estimates by the International Iron and Steel Institute of Brussels. Output in t…
Jordex announces Bolivian sale
A decision by Jordex Resources (TSE) to sell stock interests in a Bolivian zinc company was attributed to the general zinc market decline. As a result, substantial losses are being incurred. Jordex ag…