PEOPLE — KALAHARI
Alex McDonald appointed director.
News
PEOPLE — RIO AMARILLO
Udo VonDoehren appointed vice-president and director.
Spot prices at a glance (October 24, 1994)
Week’s Price (US) Change Gold* $389.00 + $0.80 Silver* $5.36 – $0.15 Platinum* $417.15 + $0.40 Nickel** $3.07 + $0.09 Lead** $0.29 $0.00 Copper $1.14 + $0.01 Zinc $0.48 + $0.01 Courtesy of Scotiabank….
Producer prices (October 24, 1994)
ALUMINUM: MW U.S. market US79.5-80.5 cents per lb. (Oct. 6, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Sept. 29, 1994). BISMUTH: MW New York dealer US$3.90-4.30 per lb. (Sept. 29, 1993)…
MINING IN MEXICO — Mexican silver production projected to
Mexico is projected to produce 65 million oz. silver in 1994. The Silver Institute of Washington D.C., in its World Silver Survey 1994, says mine production in the country fell to 61 million oz. in 19…
Metall expanding Akie discovery
Drilling on the Akie property in northeastern British Columbia continues to expand a zone of zinc mineralization. Metall Mining (TSE) is earning a 60% interest in the property from Ecstall Mining (VSE…
MINING IN MEXICO — Farallon plans exploration programs for
An exploration program is planned by Farallon Resources (VSE) at the Cobre Gigante and Mega Cobre copper concessions in northern Baja, Mexico. Farallon may earn a 70% interest in the concessions from …
Magma expands with purchase of Peruvian mine
Arizona-based Magma Copper (NYSE) has outbid six international competitors for control of newly privatized Empresa Minera Especial Tintaya, Peru’s second-largest copper producer. Magma paid the Peruvi…
NEWS ROUNDUP — Tako options JAG property
Vancouver-listed Tako Resources can earn a half interest in the Malartic Twp. gold property in northwestern Quebec. The property, which is owned by JAG Mines (ME), covers an 11,000-ft. strike length o…
MINING IN MEXICO — Golden News drill program set for San
An initial drilling program of 15,000 ft. was planned by Golden News Resources (TSE) for its San Antonio gold property in Sonora state. Field work has identified two major east-west-trending structura…
MINING IN MEXICO — The ore deposits of the Sierra Madre
The Mexican epithermal precious metal province coincides with the Sierra Madre Occidental that covers western Mexico from the state of Sonora, just below the border with the U.S., south to the Neovolc…
Eden Roc into sulphides; gold reserves on increase
Gold reserves at the 68%-owned Afema property of Eden Roc Minerals (TSE) in Ivory Coast have increased to 1.4 million oz. from 804,000 as a result of recent drilling. Currently, deep drilling is being…