Denison in lawsuit over reclamation costs
Things went from bad to worse this week for a troubled Denison Mines (TSE). After obtaining a short-term reprieve from its creditors, the company was notified that the provincial Ministry of Environme…
News
LAST BUT NOT LEAST — Minefinders outlines four gold zones
Vancouver-listed Minefinders has outlined four gold zones on its two properties in Randolph Cty., N.C. A 5,000-ft. program of reverse circulation drilling on the Sawyer property confirmed the existenc…
Tri Origin finds sulphide zone
A wholly owned Australian subsidiary of Tri Origin Exploration (TSE) has intersected a sulphide zone 600 metres south of the main deposit at the Lewis Ponds project in New South Wales. Holes 23, 25 an…
Aurizon posts first revenues
Junior gold producer Aurizon Mines (TSE) reported revenues for the first time in its history. In 1993, total revenue was more than $5.7 million, representing six months of operations from the company’…
Fewer garimpeiros active in Brazil
Two studies by Brazil’s national mining department indicate a sharp decline in garimpeiros activity. The U.S. Bureau of Mines reports that the number of garimpeiros in Brazil has fallen to 400,000 fro…
THE DIAMOND PAGE — DHK group in merger discussions,
Although it is only a matter of months before Kennecott Canada releases results from its bulk sampling program on the Tli Kwi Cho (DO-27) kimberlite, several of the major’s junior partners are continu…
Minera Rayrock discovers three new copper oxide zones
Three new shallow copper oxide zones have been discovered by Minera Rayrock (TSE) on the company’s Sierra Valenzuela copper property in Chile. The Esperanza, Brac and Ancla were discovered with a shor…
BGR increases net asset value
Year-end results for 1993 were reported by BGR Precious Metals (TSE), a closed-end investment firm specializing in precious metals investments. BGR had an increase in net assets to $93.5 million for t…
STOCK MARKETS — Market uncertainty shaves 20 points off
Continuing uncertainty on major markets combined with a US$6-per-oz. drop in the price of gold to the US$378 level left the Vancouver Stock Exchange resource index down over 20 points at 1,793.13. The…
NEWS ROUNDUP — FMC investing in lithium play
A lithium carbonate project in Argentina will benefit from an investment worth US$45-$100 million. FMC Lithium, formerly Lithco, recently announced its investment decision after signing a revised cont…
NEWS ROUNDUP — GeoNova options Serem ground
An agreement has been reached between GeoNova Explorations (VSE) and Serem Quebec that will enable GeoNova to acquire a 60% undivided interest in 59 claims held by Serem in northwestern Quebec. The pr…
Spot prices at a glance (April 18, 1994)
Week’s Price (US) Change Gold* $379.20 – $5.90 Silver* $ 5.34 – $0.19 Platinum* $398.75 – $9.00 Nickel** $ 2.52 + $0.03 Lead** $ 0.21 + $0.01 Copper $ 0.85 $0.00 Zinc $ 0.43 + $0.01 Courtesy of Scotia…