News

NEWS ROUNDUP — Audrey has good values over width

Drill results from the 1100 lens project in northwestern Quebec continue to provide encouragement. Audrey Resources (TSE) and Metall Mining (TSE) report a 240-ft. intersection containing 4% zinc, 0.8%…


NEWS ROUNDUP — Canmine does EM work on Fer

Pulse electromagnetic (EM) surveys are being performed by Canmine Resources (CDN) on the Fer base metal property near Flin Flon, Man. The surveys are intended to define targets for a 20,000-ft. winter…


NEWS ROUNDUP — Maude uncovers new gold zones

Two gold-bearing structures have been defined on the property of Maude Lake Gold Mines (CDN) near Matheson in northeastern Ontario. The Ramp vein and 1A zone were found during a 7,940-ft. drill progra…


Indonesian gold output on the rise

Gold is becoming an important export commodity for Indonesia. In 1992, the country’s exports of gold-ingot bar amounted to US$151.5 million, up from US$118.3 million in 1990. Add to this the value of …


New strategy for Sharpe Energy

Managers of Sharpe Energy and Resources (VSE) outlined corporate strategy at a recent meeting in Toronto. The company wants to increase production either by exploration, acquisition or equity investme…


New deal lifts Fish Lake deadline

A new property agreement effectively removes the deadline hanging over the Fish Lake copper-gold property southwest of Williams Lake, B.C. To acquire the property, Taseko Mines (VSE) will pay Cominco …


Kinross to get remaining Falco Gold interest

Having arranged to acquire the remaining portion of Falconbridge Gold (TSE) that it does not own, Kinross Gold (TSE) is well on its way to achieving its goal of becoming a medium-sized gold producer b…


New chairman for Metall

Heinz Schimmelbusch has been replaced as chairman of Metall Mining (TSE). The company’s board of directors has filled the vacancy by appointing Klaus Goeckmann, a director of Metallgesellschaft AG. Sc…


Bishop Res. adds ground to Mexican gold property

Having outlined four new targets on its Guadalupe gold property in Sonora state, Mexico, Bishop Resources International Exploration (CDN) has staked an additional 920 hectares. The new target areas we…


COMMENTARY — Reclamation not inexpensive

The gold mining industry in the United States spends millions of dollars annually on reclamation efforts. The planning, design, recontouring, revegetation and maintenance associated with reclamation e…


PRODUCER PRICES (December 27, 1993)

ALUMINUM: MW U.S. market US51.5-53 cents per lb. (Dec. 9, 1993). 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, 1993). …



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