BHP plans to drill in Tanzania
Work is continuing on two concessions in Tanzania under the direction of BHP Minerals International. The company is earning a 66% and a 58% interest, respectively, in the Kagera and Kabanga ground fro…
News
BHP chief confirms mid-’94 target
BHP Minerals Chief Executive Officer Jeremy Ellis told a meeting of financial analysts in Toronto this past week that 1994 will be pivotal to the BHP-Dia Met play in the Northwest Territories. The com…
PRODUCER PRICES (November 08, 1993)
ALUMINUM: MW U.S. market US49.75-51.50 cents per lb. (Oct. 28, 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, 19…
Bishop continues Guadalupe work
Encouraged by assays from its Guadalupe prospect in northwestern Mexico, Bishop Resources International Exploration (CDN) says exploration will continue. Initial samples of high-grade material returne…
1993’s 1.8-m-oz. target still in sight — Placer’s nine-month
Production results so far this year have Placer Dome (TSE) confident it can meet or exceed its production goal for 1993. That goal is 1.8 million oz. gold at a cash cost of US$190 per oz. The company’…
Lac reports quarterly loss
A decision to spend an additional $5.5 million on increased exploration of the Red Mountain gold project in British Columbia has led to a quarterly loss, Lac Minerals (TSE) reports. The gold producer …
NEWS ROUNDUP — Orvana plans financing for Butte play
Taking advantage of the recent jump in its share price, Orvana Minerals (TSE) plans to raise $19.2 million through a private placement at $7.37 per share. Proceeds would fund further exploration of th…
PEOPLE — GOLD CANYON RESOURCES
Stephen Flechner and Raymond Irwin appointed directors. N5…
PEOPLE — HERA RESOURCES (November 08, 1993)
Mark Schultz appointed director. N5…
KEGS lecture
Phil Romig, professor and head of the geophysics department at the Colorado School of Mines, will deliver a talk titled “Environmental Geophysics: Fads or Future?” The lecture, hosted by the Canadian …
Mixed results from Damoti assays
Further assay results from drilling on the Damoti Lake gold prospect are mixed. The property, 150 km north of Yellowknife, N.W.T., is a joint venture among Athabaska Gold (TSE), Consolidated Ramrod Go…
METAL PRICES — FREE MARKET (November 08, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Nov. 2 Nov. 1 Oct. 29 Oct. 28 Oct. 27 Copper 1622-1623 1601-1602 1612-1613 1608-1609 1600-1601 Lead 396-397 394-395 402-403 401-402 395-…