Oracle Ridge improves overall
The Oracle Ridge underground copper mine in southwestern Arizona should make money in April, reports 70%-owner South Atlantic Ventures (VSE). The mine is producing about 1,000 tons per day while mill …
Articles by Northern Miner Staff
BOOKS IN BRIEF — Wyoming’s mineralization studied
Study of Metals and Precious Stones in Southern Wyoming, Geological Survey of Wyoming, P.O. Box 3008, University Station, Laramie, Wyoming 82071, U.S.A. US$12. The GSW’s Mineral Report 93-1 summarizes…
LaRonde yields more high-grade
Underground drilling on Zone 20 at the LaRonde mine in northwestern Quebec continues to yield encouraging results for Agnico-Eagle Mines (TSE). Hole 20-103, drilled 200 ft. below a previous high-grade…
LETTERS TO THE EDITOR — Aviator had many firsts
It was interesting reading the Odds ‘n’ Sods story “The San Antonio gamble” (T.N.M., Apr. 19/93). I wish to add that Capt. A.H. Farrington flew out the San Antonio mine’s first gold brick to the railh…
Metal Prices — FREE MARKET (May 03, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr. 27 Apr. 26 Apr. 23 Apr. 22 Apr. 21 Copper 1198-1199 1192-1193 1191-1192 1205-12…
Louvicourt project on time, budget
Production of the Louvicourt project is scheduled to begin in October, 1994, a short five years after discovery of the base metal deposit, northeast of here. “Quebec is still the best place to explore…
Deak begins mining operations at Astoria
Production has started at the Astoria gold mine near Rouyn-Noranda, Que., reports operator Deak Resources (TSE). Mining of 12,000 tons per month will be carried out by Val d’Or, Que.-based contractor …
Rayrock financing
Rayrock Yellowknife Resources (TSE) has entered an agreement with First Marathon Securities for a private placement of 500,000 subordinate voting shares at $12.125 per share for gross proceeds of almo…
NEWS ROUNDUP — Cambior increases Omai interest
The majority owner of the producing Omai gold mine in Guyana has increased its interest by 5%. Cambior (TSE) has exercised an option granted by Golden Star Resources (TSE) and will pay $2 million to G…
PEOPLE — YANKS PEAK RESOURCES (May 03, 1993)
James Andrews appointed president and director; David Rinker, Lakhwinder Janda, J. Andrusko, Michael Sanguinetti and Carl Forbes appointed directors.
PEOPLE — GOLDRUSH CASINO AND MINING
Robert Adsit appointed vice-president, U.S. marketing and public relations.
STOCK MARKETS — Gold stocks charge ahead as gold tops US$350
Gold stirred from a lengthy slumber during the week ended April 27, gaining more than US$10 to US$350 per oz. in New York and sending gold shares to new 52-week highs on the Toronto Stock Exchange. Th…