NEWS ROUNDUP — Soquem drills Douay prospect
The auriferous zone at the Douay property of Northern Abitibi Mining (ASE) in northwestern Quebec has been traced for more than 2,600 ft. along strike. Drilling by Soquem, the Quebec Crown exploration…
News
NEWS ROUNDUP — Cambior, Audrey in loan agreement
The parent company of Audrey Resources (TSE) has agreed in principle to provide Audrey with a loan facility worth up to $17 million. The loan from Cambior (TSE) will allow Audrey, which is developing …
METAL PRICES (September 13, 1993)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne Date Sept. 7 Sept. 6 Sept. 3 Sept. 2 Sept. 1 Copper 2011-2012 2006-2008 1994-1995 1986-1988 1970-1972 Lead 385-386 383.5-384.5 37…
Spot prices at a glance (September 13, 1993)
Price (US) Week’s Change Gold* $352.25 $19.55 Silver* $4.26 $0.57 Platinum* $356.50 $25.00 Nickel** $2.03 $0.02 Lead** $0.18 + $0.01 Copper $0.90 + $0.01 Zinc $0.40 + $0.01 Courtesy of Scotiabank. Inf…
Santa Fe installs autoclave at its Lone Tree gold mill
By expanding the mill at its Lone Tree mine near Winnemucca, Nev., Santa Fe Pacific Gold hopes to boost annual production to more than 200,000 oz. gold. The heap-leach mine poured its first gold two y…
TSE introduces new index
On Oct. 1, the Toronto Stock Exchange will introduce a new benchmark of Canadian market performance — the TSE 100 Index. According to the TSE, the 100 Index is intended mainly to enable institutional…
NEWS ROUNDUP — Bre-X acquires Indonesian ground
In what it calls “the premier unexplored area of the world,” Bre-X Minerals (ASE) has acquired a third exploration property. A deal has been signed with Bre-X’s Indonesian partner to acquire an 80% in…
NEWS ROUNDUP — Geological report on Stewart camp
The British Columbia Geological Survey has released a report on the historic Stewart gold-silver camp in the northwest. The 105-page report describes the geology and mineral occurrences in a 750-sq.-k…
McGill schedules seminar program
Montreal’s McGill University will be offering its 28th annual professional development seminar program on various aspects of mineral engineering and mineral economics beginning in November. The staff …
PRODUCER PRICES (September 13, 1993)
ALUMINUM: MW U.S. market US53.75-54.50 centsper lb. (Aug. 26, 1993). ANTIMONY: MW New York dealer US76-80 centsper lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992)…
THE LATIN BEAT — Eldorado constructing La Colorado
The environmental impact statement for the Colorado project in Sonora state has met with a positive review by Mexican authorities. Vancouver-listed junior Eldorado can now proceed with construction an…
NEWS IN BIREF
Kamad Silver Co. (KDS:VSE) has changed its name to Agate Bay Resources (ABE:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Montreal Trust.