American Res. begins drilling Argentine project
The international exploration division of BHP Minerals has started drilling the Agua Rica copper-gold project, owned by American Resource (NASDAQ) and situated in northern Argentina. The program follo…
News
Rea Gold constructing Mt. Hamilton leach project
Construction of the Mt. Hamilton gold project in eastern Nevada is now under way and owner Rea Gold (TSE) expects to be in production by the fourth quarter. Yearly production at the planned open-pit, …
Television series to focus on mining
The Quebec Mining Association will be involved in the production of eight half-hour television shows about mining in Quebec and Canada. The series will be shown on Radio-Canada this summer and on Radi…
NEWS ROUNDUP — MSV hits zones at Cedar Bay
Montreal-listed MSV Resources has intersected five zones of gold-copper mineralization in one hole at the Cedar Bay mine near Chibougamau, Que. The best intersection averaged 0.445 oz. gold per ton an…
EDITORIAL PAGE — Under siege
We’ve mentioned in the past that there once was a time when few professional investors would touch any mining stock with projects south of the Rio Grande in Mexico. Now, we read that some money manage…
TSE committee to probe corporate disclosure
The Toronto Stock Exchange has established a committee on corporate disclosure in Canada. The committee will examine possible changes to the securities legislation governing continuous disclosure by p…
Monarch raises funds for Venezuelan gold prospects
United Kingdom-based Monarch Resources has agreed to sell 7.4 million ordinary (common) shares at $4.50 per share to raise roughly $33.4 million. Proceeds from the offering (which is not available to …
Rhand-Oxford deal quashed
An agreement between Rhand Industries (ASE) and Oxford Investment over the sale of a 70% interest in Atlantis Diamonds has been canceled by mutual agreement. “Unforeseen delays and the inability of Ox…
Huckleberry infill returns high grade
A drill hole at the Huckleberry property near Kemano, B.C., has returned a 787-ft. intersection, from 113 ft. to 900 ft., averaging 0.83% copper. Owner New Canamin Resources (VSE) reports that the hol…
STOCK MARKETS — Gold holds its own despite markets’ slump
Three factors — rising interest rates, a falling Canadian dollar and continuing uncertainty over the prospect of Quebec separating from the rest of the country — all combined to give western players…
World Wide cuts thick gold intercept
A shallow hole on World Wide Minerals’ (TSE) Easter project, 110 miles northeast of Las Vegas, Nev., has intersected a wide zone of gold mineralization. Hole E94-8 cut a 90-ft. interval averaging 0.19…
PRODUCER PRICES (June 20, 1994)
ALUMINUM: MW U.S. market US64-65 cents per lb. (May 19, 1994). ANTIMONY: MW New York dealer US$1.40-1.60 per lb. (May 12, 1994). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993). CADM…