PRODUCER PRICES (November 28, 1994)
ALUMINUM: MW U.S. market US89.5 cents-90.5 per lb. (Nov. 11, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Sept. 29, 1994). BISMUTH: MW New York dealer US$3.90-4.20 per lb. (Oct. 27, 1994)…
Articles by Northern Miner Staff
Green light for Santa Cruz
An Arizona state agency has awarded the environmental permit required for the Santa Cruz project to proceed. The $22-million operation, situated 7 miles west of Casa Grande, is an in situ copper minin…
EXPLORATION ’94 — Financing for Kumtor proceeding
Toronto-listed Cameco says negotiations are proceeding for the financing of the Kumtor gold deposit in Kyrgyzstan. The company holds a one-third interest and is project operator; the remainder is held…
EXPLORATION ’94 — Freeport’s Grasberg copper-gold project in
Tucked away in the western part of the island of New Guinea is one of the world’s three largest open-pit copper reserves and perhaps the single largest gold reserve to be found anywhere. That, at leas…
Rea pours first gold at Mt. Hamilton mine
Within five months of acquiring the Mt. Hamilton gold project in eastern Nevada, Rea Gold (TSE) has poured its first gold-silver dore bar. An open-pit, heap-leach operation, Mt. Hamilton was acquired …
TVI drilling defines zones at Canatuan
Drilling on the Canatuan property of TVI Pacific (ASE), in the Philippines, continues to define a copper-enriched polymetallic massive sulphide deposit downdip of an overlying gold-silver gossan zone….
Minorco acquires Lisheen interest
The Lisheen zinc-lead deposit in Ireland will be developed by Minorco and Ivernia West. Following a decision in September by the Irish High Court in its favor, Ivernia acquired the 52.5% interest in t…
Echo Bay exploring Mexican gold project
Exploration results from the Paredones Amarillos gold property in northwestern Mexico are providing encouragement for Echo Bay Mines (TSE) and Baja Gold (TSE). “Echo Bay has indicated to us that this …
Staking rush in Labrador
A staking rush is taking place on the east coast of Labrador, triggered by drill results that have confirmed a significant nickel-copper-cobalt discovery on Diamond Fields Resources’ (TSE) Voisey Bay …
Lithos arranging flow-through funds
A $3.2-million flow-through financing will allow Lithos (ME) to dewater the Wrightbar mine property near Val d’Or, Que., and extract a bulk sample of about 10,000 tons. Lithos, created through the mer…
NEWS IN BRIEF (November 28, 1994)
Habsburg Resources (HAB:VSE) has changed its name to Dome Mountain Resources (DMR:VSE) on a share-for-share basis.
Caledonia to expand Spanish mine
Toronto-based Kilborn Ltd. has been hired to engineer the expansion of the Filon Sur heap-leach gold mine in Spain. Under the proposed plan, annual capacity will be expanded to 1 million from 360,000 …