Scintilore funds
Scintilore Explorations (TSE) says it has reached agreement-in-principle with an investor to raise $1.05 million by way of a private placement. The placement would consist of 1,050,000 common shares a…
News
Improved recovery lifts Red Dog’s spirits
The Red Dog zinc-lead mine in northwest Alaska has proved challenging for Cominco (TSE), which owns and operates the facilities under a lease agreement with NANA Regional Corp. Between startup in late…
NEWS ROUNDUP — Dickenson gets shares for Goldquest debt
Dickenson Mines (TSE) has converted the $95,000 owed to it by Goldquest Exploration (TSE) into 527,777 common shares of Goldquest. The debt was converted on the basis of one common share of Goldquest …
New program at Verneuil Twp.
The third phase of drilling is under way at a Verneuil Twp. gold prospect in northwestern Quebec, Golden Tag Resources (VSE) reports. The initial holes of a minimum 10,000-ft. program are planned for …
NEWS ROUNDUP — Breakwater splits with Arimetco
The management contract between Breakwater Resources (TSE) and Arimetco Resources (TSE) has been canceled. Formed last year, it provided that Arimetco manage Breakwater’s operations. The companies joi…
Mongolia welcomes foreign mining investment
After 72 years of Russian domination, Mongolia has turned to a market economy and is seeking foreign investment to revive its mining industry. Mongolian Mines Minister Dorjiin Tsogbaatar and his econo…
Dia Met ready to process samples
Diamond explorer Dia Met Minerals (TSE) will begin processing kimberlite samples stockpiled at its pilot plant in Colorado soon, says president Jim Eccott. Since the material must be thawed completely…
PRODUCER PRICES (April 19, 1993)
ALUMINUM: MW U.S. market US52.75-53.50 cents per lb. (Apr. 1, 1993). ANTIMONY: MW New York dealer US78-82 cents per lb. (Mar. 11, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992…
Cheni’s financial health shows marked improvement
The financial health of Cheni Gold Mines (TSE) took a turn for the better in the year ended Dec. 31, 1992. Following premature depletion of reserves at the Lawyers mine in north-central British Columb…
Reserve boost for Chinese project
An independent study of the Qiandongshan (QDS) zinc-lead-silver project in China’s Shaanxi province has left American Exploration (ASE) confident about reserves. Proven and probable reserves are about…
New Mexican mining regulations take effect
The regulations of the Mexican Mining Law went into effect at the end of March. According to the Ministry of Energy, Mines and State Industry (SEMIP), the new regulations eliminate 60 requirements tha…
Ivernia, Minorco negotiate Lisheen project agreement
A deal leading to the creation of a new joint venture agreement covering the Lisheen lead-zinc project in County Tipperary, Ireland, has been worked out between Ivernia West and Minorco. The new agree…