Activity increasing in Stewart camp
The historic mining district of Stewart in northwestern British Columbia appears poised for another gold boom. Several juniors have been active in the region since Lac Minerals (TSE) announced positiv…
News
Wharf has record gold production
Toronto-listed Wharf Resources enjoyed a record level of gold production in 1993. Combined production from the Wharf and Golden Reward mines, both in South Dakota, rose 22% to 123,710 oz. last year fr…
Metal Prices — FREE MARKET (March 14, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Mar. 8 Mar. 7 Mar. 4 Mar. 3 Mar. 2 Coppr1900.50-1901.50 1897-1898 1901-1902 1873-1874 1849-1850 Lead 431-432 442.50-443.00 441.50-442.50…
Cheni options Moose claims
Toronto-listed Cheni Gold Mines can earn a 75% interest in the Moose claims in north-central British Columbia. To do so, it must pay Energex Minerals (TSE) 250,000 treasury shares plus $180,000 in cas…
Espalau to acquire Bachelor Lake shares
Debt-heavy Bachelor Lake Gold Mines (ME) will be taken over by Espalau (ME). Under an agreement, Espalau will acquire all of the issued and outstanding shares of Bachelor Lake, as well as Bachelor’s o…
Rio posts profit for 35th straight year
For the 35th consecutive year, Rio Algom (TSE) has showed its mettle by posting earnings and dividends. Nevertheless, earnings decreased 14%, compared with 1992, while revenues gained 5% for the same …
Lead emissions to drop by 70-80% — Cominco, B.C. government
Base metal producer Cominco (TSE) and the British Columbia government have set the stage for modification and environmental upgrading of the company’s smelter complex at Trail, B.C. Agreements between…
Bethlehem to test Delta-1
Junior Bethlehem Resources (TSE) can earn a half interest in the Delta-1 gold-silver prospect in northern Mexico. Under an agreement with Levelland Energy & Resources (VSE) and Minera Delta, the compa…
Western Quebec completes funding
Financing has been arranged for the purchase of the Eagle River gold project near Wawa, Ont. Western Quebec Mines (TSE), which is acquiring the project from Hemlo Gold Mines (TSE), completed a private…
Glacial study for Sagar project
A study of the quaternary geology of the Sagar-III property, in Quebec’s Labrador Trough area, has met with encouragement. Mineralized boulders previously discovered on the property, owned by Virginia…
Youth group backs mining
Four university students in British Columbia have formed a youth group to promote mining in the province. Law student Lisa Skakun, a founding member of the B.C. Mine Society, said the goal is to creat…
The Diamond Page — SouthernEra increases exposure in Quebec
Junior SouthernEra Resources (TSE) has been busy completing deals to broaden its exposure to diamond plays in both northwestern Quebec and the Northwest Territories. In Quebec’s Le Tac Twp., Ojibway R…