Cominco Res. closes Mariquita deal
Cominco Resources International (TSE) has received US$2.5 million as partial payment for transferring its Mariquita copper deposit to Minera Maria, a Mexican company held 49% by Cominco and 51% by Emp…
News
Trenching completed on La Salle concession
Joint-venture partners VenCan Gold (ME) and Chesbar Resources (ME) have completed a total of six trenches across a gold anomaly on the La Salle concession. Results from the previously completed trench…
THE DIAMOND PAGE — Lytton reports bulk-sampling results from
Lytton Minerals (TSE) has released the long-awaited results of a “semi-bulk sample test” performed on its Ranch Lake kimberlite pipe in the Lac de Gras region of the Northwest Territories. The 28.45-t…
THE STOCK MARKETS — Gold’s fall squeezes resource index
A further drop in the price of gold, to the US$372.40-per-oz. level, was not welcome news for western markets during the week ended April 19. The slide brings the cumulative decline in the past month …
METAL PRICES — FREE MARKET (April 25, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date April 19 April 18 April 15 April 14 April 13 Copper 1871-1872.5 1865.5-1866.5 1863-1864 1863.5-1864.5 1885.5-1886.5 Lead 431.5-432.5 438…
Aurex works Pascualas copper play in Chile
Drilling is set to begin on the Chilean project known as Las Pascualas, in which Aurex Resources (VSE) can acquire a 90% interest by paying US$2.1 million over seven years. A 3,500-metre surface and u…
Sunshine gets lease for Virginius mine
Silver-miner Sunshine Mining (NYSE) has entered a mining lease with Revenue Virginius Mines for the Virginius mine in southwestern Colorado. The mine, now closed, produced more than 14.5 million oz. s…
Vior, Soquem drill Douay N.W.
Junior Societe d’exploration miniere Vior (ME) and the Quebec Crown company Soquem report additional drill results from the Douay North-West property near Joutel, Que. Three holes — 94-09, 94-10 and …
ODDS’N’SODS — Tram lines did their job
The tram line was a most effective system for transporting ore, supplies and personnel between the mine and the mill in bygone days. Usually, they were used at inaccessible mine sites or if the cost o…
LETTERS TO THE EDITOR — Criticism is not warranted
I was amazed by the article “Asbestos report is challenged” (T.N.M., March 7/94) and concluded that possibly your staff is biased on the asbestos controversy. You have cited a group of “professors” fr…
Workshop focus on recycling
Toronto will be the site, May 5 and 6, of the Sustainable Development and Recycling Workshop, the first in a series scheduled during the next three years. The workshops are part of an agreement signed…
Armistice issues rights for purchase
Shareholders of Armistice Resources (ME) have been issued rights to buy one share for each four shares held, at a price of 18 cents. The rights were issued to shareholders of record on April 8, 1994, …