Spot prices at a glance (March 07, 1994)
Week’s Price (US) Change Gold* $376.45 – $1.05 Silver* $ 5.24 + $0.06 Platinum* $390.25 – $3.25 Nickel** $ 2.59 – $0.06 Lead** $ 0.20 – $0.01 Copper $ 0.84 $0.00 Zinc $ 0.43 $0.00 Courtesy of Scotiaba…
News
T&H interested in cement plant
Junior T&H Resources (TSE) is negotiating with Michael Zhang for the right to acquire up to a 60% interest in a cement plant, near Changchun in southeastern China. By way of a private placement, Zhang…
Hemlo lawsuit back in courts
The battle for riches from Ontario’s famous Hemlo gold camp is back in the courts. Three motions are to be heard this week in the Ontario Court, General Division, regarding the 7-year-old lawsuit brou…
EXPLORATION ’94 — Santa Fe options Calneva claims
Under an option agreement with Calneva Resources (VSE), a unit of Santa Fe Pacific will explore claims in Nevada’s Crescent Valley. Santa Fe can earn a 65% interest in Calneva’s Blue Spider claims by …
EXPLORATION ’94 — Mining sector in Newfoundland on recovery
It has been a while coming, but Newfoundland’s mining recession is starting to lift, says the province’s mines minister, Rex Gibbons. Mining companies and individual prospectors are expected to spend …
EXPLORATION ’94 — Gitennes, Kenrich and Ambergate announce
A proposal to merge Gitennes Exploration (ASE) with Kenrich Mining (VSE) and Ambergate Explorations (VSE) would provide the amalgamated company with a broad base of exploration properties in Canada. T…
Acadia signs first deal — Nunavut lands open to mining
In a positive sign for the exploration industry, two companies have inked the first agreement to explore and develop deposits in the newly formed region of Nunavut in the eastern Northwest Territories…
MSV opens up new greenstone belt
Having acquired the local mining assets of Westminer Canada in February, 1993, MSV Resources (TSE) now finds itself with excess milling capacity. The 3,000-tonne-per-day mill, situated at Copper Rand …
EXPLORATION ’94 — Ups and downs of small-scale mining
Small-scale, underground gold mines have been a feature of British Columbia’s history for well over a century. Some have been likened to slot machines which empty the pockets of over-eager investors, …
EXPLORATION ’94 — Kirkland camp has long history of
While gold mining near Kirkland Lake, Ont., began in 1918, the first rockburst was not reported until 1929. Seven mines were developed along narrow, quartz-bearing veins which are associated with seve…
Armada building Russian pilot plant
Alberta-listed Armada Gold will build a pilot plant on the Baley gold tailings project in Eastern Russia’s Chita region. The plant is expected to yield 4,000 oz. gold annually, starting in July or Aug…
High River acquires West African gold project
Having recently secured a commitment from TVX Gold to develop its Snow Lake gold property in Manitoba, High River Gold Mines is now setting its sights on West Africa. The company has just concluded an…