William evaluates drilling results
A 13-hole program on the Clementine property in Grevet and Franquet Twps., about 30 km north of Lebel sur Quevillon, Que., did not intersect any significant base metal or gold mineralization, William …
News
Dundee, Placer in business venture with CMP, Plexus
A numbered company owned 50/50 by Dundee Bancorp (TSE) and Placer Dome (TSE) has reached agreement-in-principle with CMP Resources (ME) and Plexus Resources (TSE) to form a new company. Robert Buchan …
Miramar increases interest in Cuban projects
An additional 25% interest in two Cuban properties has been acquired by Miramar Mining (VSE) from Matlock Mining of Australia. The Vancouver junior now owns 50% of both the Hierro-Mantua copper leach …
Awards presented at Mining Week
For the fourth straight year, the Highland Valley Copper mine has been honored as British Columbia’s safest mine. The award was presented during the province’s Mining Week by Mines Minister Anne Edwar…
Drilling advances Bajo prospect
Recently completed drilling on the Bajo de la Alumbrera copper-gold project in northwestern Argentina has International Musto Exploration (TSE) confident that reserves and grade will be increased. Min…
Exall issues special warrants
Toronto-based junior Exall Resources (TSE) is issuing a private placement of 3.32 million special warrants at $1.50 each to raise a total of $4,980,000. Each special warrant will entitle the holder to…
INSIDER TRADING — Rhonda insider buys on drilling
About the time Rhonda Mining (ASE) resumed drilling in the Fort a la Corne diamond area of Saskatchewan, Chairman John Alston raised his stake in the junior by 35%. According to the Ontario Securities…
STOCK MARKETS — Investors remain attracted to Kilometre 88
The Vancouver Stock Exchange resource and composite indices slowed their advances during the week ended March 16, 1993. Since the start of the year, the resource index has gained more than 25% at its …
Spot prices at a glance (March 22, 1993)
Week’s Price (US) Change Gold* $328.65 + $2.15 Silver* $ 3.66 + $0.09 Platinum* $348.45 + $3.45 Nickel** $ 2.68 – $0.04 Lead** $ 0.18 – $0.01 Copper $ 0.98 + $0.01 Zinc $ 0.45 $0.00 Courtesy of Scotia…
Gold Funds (March 22, 1993)
Gold Funds as of Mar. 16 BGR Central Net Value $8.84 $4.87 Price $6.88 $4.50 Discount 22.25% 7.6% Value $48,528,000 $75,709,350…
Interior Secretary singles out Barrick — Proposed hardrock
American gold producers — among them, many Canadian-controlled mines — are bracing themselves for a proposed royalty on hardrock mines in the U.S. As part of its economic program, the Clinton admini…
Canarc completes Venezuelan deals
A recently completed private placement in Tombstone Explorations (VSE) gives Canarc Resource (VSE) an indirect interest in 35 mineral concessions making up 15 properties in Bolivar State, Venezuela. C…