Metals sub-index rises as base metals firm up
The metal and mineral sub-index of The Bank of Nova Scotia’s commodity price index rose for the first time since July. Prices for nickel, lead, zinc, potash and precious metals rose in November, more …
News
Ram hoping to advance Ontario wollastonite deposit
Having processed a bulk sample from its wollastonite property, 55 km north of Kingston, Ont., Ram Petroleum (TSE) is looking to advance the project to production. Last fall, a 150-ton bulk sample was …
NEWS ROUNDUP — Test mining done on Rio Yaqui
Toronto-based Exall Resources (TSE) has completed test mining on three areas of the Rio Yaqui placer gold project in Hermosillo, Mexico. Results from one of the areas were positive and the company thi…
Globex discovers gold zones
Prospecting on its Lac Savard property in northwestern Quebec, Globex Mining Enterprises (TSE) has discovered two new gold zones. In the first zone, values up to 0.62 oz. gold and 6.36 oz. silver per …
NEWS ROUNDUP — Placer drops Stockade property
A unit of Placer Dome (TSE) has terminated a joint venture with Carlin Gold (ASE) on the junior’s Stockade Mountain gold property in eastern Oregon. Carlin President William Long said that, despite si…
Drilling continues at 1100 lens
Project partners Audrey Resources (TSE) and Metall Mining (TSE) have released the latest drilling results from the 1100 lens underground project in northwestern Quebec. Assays from seven holes totalin…
NEWS ROUNDUP — Naneco loses permit bid
The Lawrence County Board of Commissioners has refused to issue a land use permit to Minerva Explorations for a gold property in South Dakota. The Johnson Gulch property, 5 miles west of Lead, contain…
LETTER TO THE EDITOR — More on Escondida discovery
I am writing with regard to the article “Arequipa eyes Peruvian copper” (T.N.M., Nov. 29/93) and the letter to the editor “Escondida find a team effort” (T.N.M., Dec. 20/93) about the Escondida discov…
STOCK MARKETS — VSE trading in ’93 soared to all-time high
The Vancouver Stock Exchange’s record year is now official. The VSE reports trading activity reached the highest volume and value in its 86-year history. Volume in 1993 totaled 5.7 billion shares, a 4…
NEWS ROUNDUP — Hughes Lang Group merger
Three of four junior companies within the Hughes Lang Group have agreed to amalgamate and form a new company, CanGold Resources. Shareholders met Dec. 29 to vote on a proposal to amalgamate Hughes Lan…
OPINION — South American mood bullish
The mood is bullish in the South American mining industry in spite of sagging world mine development and a bleak price outlook, which will continue rampant during 1994 as a result of global economic t…
NEWS ROUNDUP — Mutual obtains African ground
In line with plans to focus increasingly on West Africa, Mutual Resources (VSE) has acquired an option to earn a 54% stake in the Sewum Tokosea gold concession in Ghana. Mutual initially paid $15,000 …