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…
News
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…
Rhand acquires Lone Mountain
Alberta-listed Rhand Industries has an option to acquire Lone Mountain Mining, a privately owned US company. As consideration, Rhand has issued 50,000 common shares and will spend $US250,000 on explor…
Orvana expands Bolivian activities
An agreement for joint exploration in Bolivia has been negotiated by Orvana Minerals (TSE) and its Bolivian partners, Empresa Minera Unificada S.A. (EMUSA) and Merwin Bernstein. The agreement includes…
MacDonald Mines secures financing
A numbered Ontario company has agreed to underwrite private placements of MacDonald Mines Exploration (CDN). The placements will be in the form of treasury shares and warrants and will be worth up to …
ODDS’N’SODS — Timmins, yesterday and today
My brother-in-law recently gave me a tour of Timmins, Ont., to show me the new shopping malls, residential districts, the multi-million dollar hospital, new parks, and so on. It was most impressive so…