Sunshine posts reduced loss
Higher silver prices, and consequently higher revenue, helped Sunshine Mining (NYSE) reduce the loss posted for the third quarter of 1994. The company had a net loss of US$2.9 million on revenue of US…
News
Aquaterre options Georgia
Junior Aquaterre Mineral Development (VSE) has acquired half of the Georgia River property in northwestern British Columbia. Previous work outlined a drill-indicated and inferred resource of 304,000 t…
ODDS’N’SODS — DC-3 airplane served its northern owner well
The DC-3 airplane emerged from the Second World War as a fitting work-horse and as a useful machine for the years of civilian development that followed. Time would see this marvelous craft straddling …
PEOPLE — BISMILLAH
Raymon Mabanta, Celissa Ma, Willy Ramussen and J. Woods appointed directors.
PEOPLE — SWANNELL
John Mooney appointed vice-president and director; Shirley Mooney appointed director.
Joint project studies phenomenon of rockbursts
For centuries, one of the biggest dangers in mining has stemmed from the potential instability of the openings in which miners work. Often, the collapse of these structures is attributed to a phenomen…
EDITORIAL PAGE — Babbitt and the American Dream
U.S. Interior Secretary Bruce Babbitt has been a vocal critic of the 1872 Mining Law on the grounds that the statute allows mining companies (even foreign ones) to buy government land for a mere US$5 …
Funds available for granite plant
Ontario government funding totaling $1.2 million has been awarded to Malette Granite of Iroquois Falls to help establish a granite processing plant and to hire and train employees. A $500,000 term loa…
NEWS IN BRIEF (November 21, 1994)
Lodestar Explorations (LSI:VSE) has changed its name to Precision International Resources (PLO:VSE) on a 1-new-for-5-old-share basis.
Canarc drilling returns gold values
Toronto-listed Canarc Resource is pleased with drill results from its Polaris-Taku property in northwestern British Columbia. Initial results are all from the C Vein, including on-strike stepout holes…
PRODUCER PRICES (November 21, 1994)
ALUMINUM: MW U.S. market US90.5 cents-91.5 per lb. (Nov. 3, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Sept. 29, 1994). BISMUTH: MW New York dealer US$3.90-4.20 per lb. (Oct. 27, 1994)….
Decline under way at Pend Oreille
Junior RFC Resource Finance (TSE) continues to drive a decline at the Pend Oreille base metals deposit north of Spokane, Wash. The decline will provide a drill platform to explore for extensions of th…