Drilling boosts La Fortuna project
Recent drilling has left San Fernando Mining (VSE) confident that it can prove up a significant gold-silver-copper deposit on its La Fortuna mine project in Mexico. The road-accessible property is in …
News
Gold Reserve gets more financing
Having just negotiated a private placement of one million special warrants in February, Gold Reserve (TSE) reports that the underwriters have exercised their option for an additional million special w…
NEWS ROUNDUP — Losses continue for Northgate
It was another bleak year for Northgate Exploration (TSE). The company reported an unaudited loss for fiscal 1993 of $7.5 million or 26 cents per share, compared with a loss of $8.3 million or 30 cent…
Russian diamond expert shares expertise with Canadians
Dr. Felix Kaminsky, director of the Moscow-based Institute of Diamonds, is justifiably proud of the diamond expertise established by Russian scientists during the latter half of this century. In the p…
NEWS ROUNDUP — Amax drops Almaden despite study
Despite a positive feasibility study on the Almaden gold deposit in western Idaho, Amax Gold (NYSE) has decided not to participate in its development. The company had the option of earning a 65% inter…
Hemlo drilling Sagar-III property
Producer Hemlo Gold Mines (TSE) has started drilling on the Sagar-III property in the Labrador Trough region of northeastern Quebec. The company hopes to identify the source of gold- and uranium-rich …
Metals and minerals sub-index jumps again in January, says
The metals and minerals sub-index of The Bank of Nova Scotia’s commodity price index rose again in January alongside firmer prices for base metals, gold and potash. Aluminum prices strengthened dramat…
PRODUCER PRICES (March 28, 1994)
ALUMINUM: MW U.S. market US61.00-62.00 cents per lb. (Mar. 10, 1994). 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, 19…
TVI explores three Philippine properties
Through its Philippine subsidiary, TVI Copper (ASE) has filed six production-sharing agreements totaling 65,223 acres. The two claim blocks that constitute the position are on Mindanao Island. The gro…
Correction (March 28, 1994)
Colorado-based Horizon Resources (NASDAQ), which operated the Buffalo Valley heap-leach gold project in Nevada from 1987 to 1990 under the name Horizon Gold (T.N.M., March 7/94), returned the lease to…
LETTERS TO THE EDITOR — Franklin speaking at CIM luncheon
The chief geologist of the Geological Survey of Canada (GSC), James Franklin, will speak about the future of Canadian mining in an address April 7 to the Toronto branch of the Canadian Institute of Mi…
COMMENTARY — Caring for the environment
The Prospectors and Developers Association of Canada recently recognized Hudson Bay Mining and Smelting for its environmental initiatives. The company mines and process metals — primarily copper, zin…