Drill program planned for Alabama property
Joint venture partners Orvana Minerals (TSE) and the U.S. subsidiary of Placer Dome (TSE) recently approved a US$150,000 exploration program for the Alabama Gold project in eastern Alabama. Placer can…
News
Western Int’l. options Arizona copper play
Western International Explorations (CDN) has optioned the Stray Elephant copper property in the Oro Fino mining district of Arizona, near the California border. Under the agreement, the company has an…
Spot prices at a glance (February 15, 1993)
Week’s Price (US) Change Gold* $328.70 $0.90 Silver* $ 3.71 + $0.04 Platinum* $367.75 + $8.15 Nickel** $ 2.72 + $0.10 Lead** $ 0.19 $0.00 Copper $ 1.01 $0.00 Zinc $ 0.49 $0.01 Courtesy of Scotiabank. …
TORONTO STOCK EXCHANGE INDICES (February 15, 1993)
Feb.9 Feb.8 Feb.5 Feb.4 Feb.3 High Low Composite”300″ 3414.11 3394.83 3377.91 3366.40 3344.03 4009.47 3009.91 Metals&Minerals 2972.25 2927.82 2900.02 2862.59 2808.54 3453.06 2502.63 Integrated Mines30…
Work program at Ecudor project
A drilling program representing 5,000 ft. is under way on the Dufresnoy-Clericy property in Quebec’s Dufresnoy Twp., Societe Miniere Ecudor (ME) reports. An option agreement with Soquem, the Quebec Cr…
Leicester plant nears completion
Contrary to what was reported in the Feb. 8 issue of The Northern Miner, plant construction is nearing completion on the Leicester diamond project near Kimberley, South Africa. Stow Resources (VSE) an…
Kimberlite trio found by Crystal
With the discovery of three new kimberlites in late 1992, the number of kimberlite pipes intersected in the Lake Superior area of the U.S. (Michigan and Wisconsin) now totals 15, reports Australia-bas…
Redaurum lines up mine financing
The price is $5 million. The prize is a 50% stake in a producing diamond property in Zimbabwe and the surrounding 13,474-hectare exploration permit. When Cornerstone Investments, a private Australian …
Crown Butte re-calculates reserves at New World
After reviewing results from the 1992 drill program, Crown Butte Resources (TSE) re-calculated geological reserves for its New World project in Montana. The advanced project is in an alpine region nea…
Concern raised over title claim
After a due diligence review, Venezuelan Goldfields (VSE) has expressed “serious concerns” that its proposed joint venture partner International Kengate Ventures (VSE) may have title problems relating…
Barrick decides to split stock
The success of American Barrick Resources (TSE) at the Goldstrike mine in Nevada is paying off for shareholders not only of Barrick but of Franco-Nevada Mining (TSE). Barrick announced a 2-for-1 stock…
Newmont boosts output slightly
Gold sales of 1,587,900 oz. were reported by Newmont Gold (NYSE) for 1992, compared with 1,576,900 oz. in 1991. Sales revenues (from gold) last year totalled US$546.4 million, compared with US$572.8 m…