News

Sunshine Mining options IGR’s Ouray gold project

A wholly owned subsidiary of Toronto-listed International Gold Resources (IGR) has entered a lease and option agreement with Sunshine Mining and Refining (NYSE). The agreement covers the exploration, …


NEWS ROUNDUP — Hemlo options Thunder Creek

An option agreement concerning the Thunder Creek property, found west of Timmins, Ont., has been signed by Band-Ore Resources (CDN), the property owner, and Hemlo Gold Mines (TSE). Hemlo can earn a 60…


FACTS & FIQURES — Some optimism for zinc market

Figures published by the International Lead and Zinc Study Group show that between 1979 (the last cyclical peak) and 1992 (the last year for which it has figures), the consumption of zinc in galvanizi…


Spot prices at a glance (October 03, 1994)

Week’s Price (US) Change Gold* $397.50 + $2.70 Silver* $5.70 + $0.03 Platinum* $419.40 – $0.60 Nickel** $2.92 $0.00 Lead** $0.28 $0.00 Copper{ $1.16 + $0.02 Zinc{{ $0.46 + $0.01 Courtesy of Scotiabank…


ODDS’N’SODS — A man, a burro and a vulture

Henry Wickenburg followed the lure of gold from his native Austria to the wild west of the U.S. For 10 years, he searched for the elusive vein that would make him rich. Somehow it was always just beyo…


Zappa gears for Enriquez drilling

Drilling is set to begin on the Ponce Enriquez gold project in Ecuador. Owner Zappa Resources (VSE) identified three large gold zones during a 9-month-long program of geochemical and geophysical surve…


Zapote resource

Drilling on the Zapote zone, at the Guadalupe project in western Mexico, puts the drill-indicated resource at 5.7 million tons grading 0.044 oz. gold per ton. Owner Northern Crown Resources (VSE) base…



METAL PRICES — FREE MARKET (October 03, 1994)

London Metal Exchange Spot closing prices in $US per tonne Date Sept 27 Sept 26 Sept 23 Sept 22 Sept 21 Copper 2548.5-2549 2553-2554 2555.5-2556.5 2519.5-2520.5 2518-2519 Lead N/A 618.5-619.5 620.5-62…


Mineral facts now available on FactsLine

Information about Canada’s mineral resources is now available by an automated fax delivery system from Natural Resources Canada in Ottawa. The federal ministry’s FactsLine offers profiles, and the out…


PRODUCER PRICES (October 03, 1994)

ALUMINUM: MW U.S. market US78.5-78.5 per lb. (Sept. 22, 1994). ANTIMONY: MW New York dealer US$2.60-2.75 per lb. (Sept. 22, 1994). BISMUTH: MW New York dealer US$3.75-4.25 per lb. (July 28, 1993). CAD…


Nuinsco offering raises $2.8 million

A rights offering to shareholders of Nuinsco Resources (TSE) has raised $2.8 million. The bulk of funds will be used to advance development of the Cameron Lake gold deposit and explore the Rainy Lake …


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