Pioneer plans infill drilling
Infill drilling at Manitoba’s Puffy Lake gold mine should be under way by January, reports Pioneer Metals (TSE). The mine, northeast of Flin Flon, has been closed since 1989 and Pioneer hopes to retur…
News
Manitoba’s mining-friendly and open for business
Manitoba is mining-friendly and open for business. That was the message of provincial Mines Minister Donald Orchard here at the 25th Annual Manitoba Mining, Minerals and Petroleum Convention. And to h…
NEWS ROUNDUP — Hemlo to sell Central Crude stake
Gold producer Hemlo Gold Mines (TSE) is looking to sell its 48% interest in Central Crude (TSE) and its 60% interest in the Eagle River gold project, near Wawa. The decision followed a review of Eagle…
NEWS ROUNDUP — Spirit trenches LaSalle concession
Junior Spirit Lake Explorations (ME) has completed two of three previously announced private placements for a gross amount totaling $300,000. Proceeds will go toward exploring the LaSalle concession i…
PRODUCER PRICES (December 06, 1993)
ALUMINUM: MW U.S. market US49.5-50.5 cents per lb. (Nov. 11, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993…
Salvadoran joint venture extended
Drilling on El Dorado, a gold project in El Salvador, continues to extend the Nueva Esperanza vein discovery. The project is being explored under a joint venture among three companies: Mirage Resource…
Pacific Sentinel hopes to hit jackpot with New Casino
With drilling completed for the season at its Casino copper-gold-molybdenum project in the southern Yukon, Pacific Sentinel Gold (VSE) has arrived at a preliminary mineral estimate. The deposit is bel…
STOCK MARKETS — Stagnation settles in over western markets
With the Christmas doldrums fast approaching, western markets finished little-changed over the period ended Nov. 30. Although weak oil prices helped push gold down to the US$370-per-oz. level, the yel…
Antares developing Zimbabwe gold play
Antares Mining and Exploration (TSE) has gained access to the Long John Eight orebody at the Lady Lina gold property in Zimbabwe. Underground development is planned to evaluate and upgrade, to reserve…
Richmont issues special warrants
Underwriters Sprott Securities and Levesque Beaubien Geoffrion will issue two million special warrants of Richmont Mines (TSE) to Canadian investors in December. Each warrant, priced at $4, will entit…
INSIDER TRADING — Wheaton officers sell shares
Two officers of Wheaton River Minerals (TSE) sold shares in September and October. According to the Ontario Securities Commission’s OSC Bulletin, President Visco Jutronich sold 102,500 shares at $1.80…
Lo Increible elicits high hopes for Labyrinth
Exploration is under way on Venezuela’s Lo Increible property, and expectations are running high. Labyrinth Resource (VSE), which has a market capitalization of close to $90 million, holds an option o…