Lac must drop Lisheen offer
A deal by which Lac Minerals (TSE) would have acquired control of an Irish zinc-lead deposit has fallen through. Lac was offering US$70 million for a 52.5% interest in the Lisheen property belonging t…
News
BHP options New Brunswick properties
In return for a production royalty and advanced royalty payments, BHP Minerals Canada has leased PGE Resource’s (ASE) Bill’s Lake and Mechanic Settlement properties in New Brunswick. The Bill’s Lake c…
ODDS’N’SODS — Diamond drilling in a ghost town
Anyox, B.C., was really a ghost town in those early days (late 1930s). The bank was boarded up, but the Elks Hall was open, where there was a piano to plunk on. Never did find the library, come to thi…
NEWS ROUNDUP — Orleans drilling for wollastonite
Drilling at the wollastonite property of Ressources Orleans (ME) in St-Onge Twp. in the Lac St-Jean area of Quebec has outlined a preliminary reserve of 8.7 million tonnes. President Jean-Guy Masse sa…
STOCK MARKETS — Barrick, other gold stocks hit by royalty
Renewed threats of a federal royalty on hardrock mines in the U.S. hurt the shares of some gold producers with operations south of the border during the week ended March 16. Hardest hit was American B…
Caledonia seeks alluvial diamonds in N.W.T.
With the acquisition of six properties covering 525,000 acres in the Northwest Territories, Caledonia Mining (TSE) has introduced a new twist to diamond exploration in the area. Pointing to the diamon…
Starmin, Adex release assays
Assays for hole 93-1 from the Asia Pacific project are encouraging, partners Starmin Mining (TSE) and Adex Mining (TSE) report. A 694-ft. intersection returned 0.45% copper (and gold values in the ran…
Redfern boosts reserves at Tulsequah property
After incorporating 1992 exploration results, Redfern Resources (TSE) says preliminary reserves at its 100% owned Tulsequah Chief deposit increased to 9.4 million tons grading 1.48% copper, 1.17% lead…
Financing (March 22, 1993)
Hyder Gold — 1,000,000 shs @ 50 cents per sh on a best efforts basis with a minimum subscription of 1,000,000 shs.
PRODUCER PRICES (March 22, 1993)
ALUMINUM: MW U.S. market US54-55 cents per lb. (Mar. 4, 1993). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992). CAD…
Toronto Stock Exchange Indices (March 22, 1993)
Mar.16 Mar.15 Mar.12 Mar.11 Mar.10 High Low Composite”300″3556.77 3562.05 3548.06 3552.42 3551.99 4009.47 3009.91 Metals&Minerals 2885.30 2888.00 2902.97 2806.14 2931.29 3453.06 2502.63 Integrated Min…
Canmine drilling continues on Fer
Canmine Resources (CDN) has completed 11 holes on its Fer property in northern Manitoba. Each hole contains two or three gently dipping massive sulphide layers, each of which averages five feet in thi…