ODDS’N’SODS — An outstanding exploration team
They had been commissioned by the syndicate formed by Karl Springer and “Doc” Kidd to prospect and explore for gold and silver in the Coast Range Mountains, north of Stewart, B.C., in the summer of 19…
News
EDITORIAL PAGE — Qualifications please
“It’s no secret that the mining industry hasn’t been very forceful in pointing out its contribution to our economic well-being.” So says federal Natural Resources Minister Anne McLellan. There is some…
Spot prices at a glance (March 14, 1994)
Week’s Price (US) Change Gold* $376.25 $0.20 Silver* $375.26 + $0.02 Platinum* $392.00 + $1.75 Nickel** $372.46 $0.13 Lead** $370.20 $0.00 Copper $370.86 + $0.02 Zinc $370.42 $0.01 Courtesy of Scotiab…
Metal Prices — FREE MARKET (March 14, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Mar. 8 Mar. 7 Mar. 4 Mar. 3 Mar. 2 Coppr1900.50-1901.50 1897-1898 1901-1902 1873-1874 1849-1850 Lead 431-432 442.50-443.00 441.50-442.50…
Ariel No. 1 gold producer in Costa Rica
With the Matapalo mill approaching its 300-ton-per-day capacity, Ariel Resources (VSE) is Costa Rica’s largest gold producer. The company produced 9,413 oz. in the fiscal year ended Sept. 30, 1993, an…
Noranda hits zinc near Timmins
The exploration division of Noranda (TSE) has encountered additional base metal mineralization at the Fox-Stimson property near Timmins, Ont. Property vendor Cross Lake Minerals (VSE) reports three ho…
Production under way at Lac des Isles project
It has been explored since the early 1970s and suffered several delays at the permitting stage, but Canada’s first platinum group metals (PGM) mine is finally up and running. Situated 60 miles northwe…
Espalau to acquire Bachelor Lake shares
Debt-heavy Bachelor Lake Gold Mines (ME) will be taken over by Espalau (ME). Under an agreement, Espalau will acquire all of the issued and outstanding shares of Bachelor Lake, as well as Bachelor’s o…
PEOPLE — SARABAT GOLD (March 07, 1994)
Peter Richards appointed director.
PEOPLE — OPACT RESOURCES (March 07, 1994)
Richard Coleman appointed director.
PEOPLE — IGF METALS (March 07, 1994)
Patrick Cheung appointed president and director; Robert Ching, Arnold de Silva and Wiong Shun Leung appointed directors.
EXPLORATION ’94 — Timely proposal: a new gold standard
In 1934, when the U.S. raised the price it would pay for gold from US$20.67 to US$35 per oz., it was deluged by sellers. By 1949, reserves reached 700 million oz. This huge increase put the U.S. in th…