Ariel acquires adjacent ground
Costa Rican gold producer Ariel Resources (VSE) has increased substantially its reserve position by acquiring the San Martin property adjacent to its Tres Hermanos mining operation. Ariel says it paid…
News
Metal Prices — FREE MARKET (February 08, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb. 2 Feb. 1 Jan. 29 Jan. 28 Jan. 27 Copper 1536-1537 1521-1522 1497-1498 1493-1494…
PRODUCER PRICES (February 08, 1993)
ALUMINUM: MW U.S. market US56-57 cents per lb. (Jan. 28, 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…
Caledonia’s marble interests grow
The merging of Renaissance Stone Masonry Co. with Hungarian state-owned Kofargo Marble Stone Masonry Co. gives the new company, known as Renaissance, a strong position with regards to the Hungarian ma…
Westmin projects tonnage increase from infill drilling at
Infill drilling results from the Myra Falls mine property near Campbell River, B.C., prompted mine owner Westmin Resources (TSE) to predict that ore tonnage in the main Battle and the upper lenses wil…
East West to drill at Casa Berardi
East West Resource (VSE) has agreed to pay Cross Lake Minerals (VSE) $15,000 and spend $70,000 to earn a 50% interest in a 55-claim property in Casa Berardi Twp., Que. The claims, which lie next to a …
Madeleine acquires Lac des Iles royalty
Toronto-based junior Madeleine Mines (TSE) has acquired the operating profits interest in three of the four Crown mining leases that comprise the Lac des Iles platinum project near Thunder Bay, Ont. T…
NEWS ROUNDUP — Positive results at Prairie Creek
More assay results were released by San Andreas Resources (VSE) from its Prairie Creek Mine property 300 miles east of Yellowknife, N.W.T. Hole 92-10 returned 69.2 ft. grading 4.78% lead, 10.46% zinc …
Southern Africa attracts juniors
Southern Africa, home of some of the world’s largest diamond mines, has attracted several Canadian juniors aiming to become overnight diamond producers. Near Kimberley, South Africa, Stow Resources (V…
KWG finds diamonds at Bucke
Another kimberlite pipe in northeastern Ontario has yielded diamonds for its new owners. Having taken a 25-tonne sample from the Bucke kimberlite pipe near New Liskeard, Ont., partners KWG Resources (…
Bonfortel drilling is encouraging
Drilling at the Bonfortel copper-zinc-silver prospect near Joutel, Que., intersected volcanogenic sulphide mineralization, Consolidated Bonanza Metals (ASE) and Forbex Resources (ME) report. Five hole…
Cominco makes production cutbacks
Faced with rising zinc inventories and falling prices, Cominco (TSE) announced temporary shutdowns at its Trail smelter and Sullivan mine in southern British Columbia. The company plans to reduce zinc…