Work ongoing at properties of Silver Trend
Underground drilling has been completed at the Silver Strand gold-silver mine in Idaho’s Coeur d’Alene district. Silver Trend Mining (SpOTC) says six holes were drilled: two through the known orebody,…
News
COMMENTARY — The value of the prospector (January 10, 1994)
The prospector is the most useful man to commerce and the most valuable man to civilization. No prospectors, no mines. No mines, no civilization. Political economists tell us that, next to agriculture…
Piskahegan acquires Mount Pleasant in New Brunswick
The Mount Pleasant property in New Brunswick is getting a new look. Piskahegan Resources, a private company controlled by overseas investors, has acquired the project from Billiton Metals Canada and L…
Trying to balance mining and wildlife
As the debate over the reauthorization of the U.S. Endangered Species Act (ESA) intensifies, gold-mining companies, which have a big stake in the outcome, face a dilemma. While the industry supports t…
Antilles acquiring Venezuelan gold projects
Spokane, Wash.-based Antilles Resources (VSE) can acquire an 80% interest in two gold concessions in southeastern Venezuela. Each of the Janice I and II concessions covers about 12,355 acres and is un…
Miramar plans to explore Con
The Con underground gold mine near Yellowknife, N.W.T., is set to undergo major exploration. Owner Miramar Mining (TSE) expects to complete more than 65,000 ft. of drilling in 1994, with initial work …
THE DIAMOND PAGE — Record set for CSO rough diamond sales
Sales of rough diamonds through DeBeers’ Central Selling Organization (CSO) were 28% higher in 1993 than in the previous year, DeBeers reports. Sales for the year were US$4.4 billion compared with US$…
San Andreas advances Prairie Creek
San Andreas Resources (TSE) is preparing an updated reserve estimate for its Prairie Creek mine property, 300 miles west of Yellowknife, N.W.T. The company expects to release the information in Januar…
Gold moves again
Hardly a few days old, the new year picked up where the old one left off. Gold fever struck investors as bullion prices broke through the US$395-per-oz. resistance level. And gold seems poised to brea…
TSE SHORT POSITIONS (January 10, 1994)
Semi-monthly reports as of Dec 15 showed 70,209,457 shares of 792 issues compared with 68,969,728 shares of 792 issues on Nov 30. Larger individual positions included: Aber 128,800; Agnico-Eagle 136,1…
METALS MARKETS (January 10, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Jan. 4 Jan. 3 Dec. 31 Dec. 30 Dec. 29 Copper 1732-1733 N/A N/A 1807-1808 1799-1800 Lead N/A 468-469 N/A 486-487 472-473 Zinc N/A 996-997…
Exploration stalls near Mt. Milligan
Exploration is winding down on properties near Placer Dome’s Mt. Milligan copper-gold deposit in central British Columbia. Noranda Exploration carried out a program on the Mitzi property in June and J…