Tombstone to acquire Venezuelan option
Although still subject to a final formal agreement and regulatory approval, Tombstone Explorations (VSE) recently signed an agreement allowing it to acquire a 100% interest in 15 properties comprising…
News
Spot prices at a glance (February 22, 1993)
Week’s Price (US) Change Gold* $331.50 + $2.80 Silver* $ 3.71 $0.00 Platinum* $368.25 + $0.50 Nickel** $ 2.81 + $0.09 Lead** $ 0.19 $0.00 Copper $ 1.00 – $0.01 Zinc $ 0.48 – $0.01 Courtesy of Scotiaba…
Inco donates airfare
A gift from Inco Ltd. went to Brian Scholz, a third-year geological and mineral engineering student at the University of Toronto. Inco Chairman Michael Sopko has agreed to pay $1,400 for Scholz’s air …
Galactic files for bankruptcy
Less than a year after completing a restructuring, Galactic Resources (TSE) has filed an assignment in bankruptcy under the laws of Canada. After selling its 50% interest in the Ivanhoe gold property …
Lac production tops million oz.
Gold production rose to almost 1.1 million oz. in 1992 from 885,571 oz. in 1991, Lac Minerals (TSE) reports. Production from all of the gold mines in which Lac has an interest totalled 1.14 million oz…
PEOPLE — CURLEW LAKE RESOURCES (February 22, 1993)
Dale Schwartzenhauer appointed vice-president, finance and corporate development.
PEOPLE — SILVERSTONE RESOURCES
Murray Pezim appointed chairman of the board, director, and president; Naren Majithia and Basil Pantages appointed directors.
PEOPLE — CYPRUS MINERALS (February 22, 1993)
Jeffrey Clevenger named president of Cyprus Copper.
PEOPLE — AMERICAN MINING CONGRESS (February 22, 1993)
R. Green, Jr., George Mealey, and Nicholas Moros elected directors.
BOOKS IN REVIEW — Environmental guidelines from Berlin
Mining and the Environment — The Berlin Guideline. Published by Mining Journal Books, 60 Worship St., London, England EC2 A2HD. 180 pages. An international roundtable conference “Mining and Environme…
METAL PRICES — FREE MARKET (February 22, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb. 16 Feb. 15 Feb. 12 Feb. 11 Feb. 10 Copper 1530-1531 1557-1558 1559-1560 1563-15…
Lac prospects offer reserve potential
Exploration work in 1992 indicates three projects have the potential for substantial impact upon company gold reserves, Lac Minerals (TSE) reports. At the Red Mountain property in northern British Col…