New company gets two Wawa mines
A new exploration company has been created by three Toronto-listed juniors. Muscocho Explorations, McNellen Resources and Flanagan McAdam Resources will transfer their respective interests in the Magi…
News
Viceroy profits up
Increased production and a higher realized gold price of US$404 per oz. enabled Viceroy Resource (TSE) to post a 92% increase in net earnings for the 6-month period ended Sept. 30, over results achiev…
ODDS’N’SODS — Names of glaciers explained
While working at the Granduc mine at the Portal Camp in British Columbia in the 1960s, I was surrounded by the vast glaciers: Berenden, Frank Mackie, Little Salmon, Chicomen and the Leducs. Upon viewi…
Bugs feed on zinc contamination
Scientists from the United Kingdom-based research laboratory of Shell have joined forces with Dutch experts to solve the problem of contamination from the site of one of the world’s most efficient zin…
AMC challenging EPA in court
The American Mining Congress (AMC) has filed a lawsuit challenging the failure of the U.S. Environmental Protection Agency (EPA) to review primary and secondary national ambient air quality standards …
Allegheny options gold properties
Allegheny Mines (ASE) has optioned two gold prospects, thereby adding to its properties near Atikokan, Ont. The Olcott and Eagle properties were optioned for cash payments of $85,000 and $10,000 each …
Eldorado expands
A new target has been established at La Trinidad, a gold project in the West Mexican state of Sinaloa. Eldorado (TSE) is conducting the work and can earn a 51% interest from Almaden Resources (VSE) by…
THE DIAMOND PAGE — Vancouver junior buying into South
An option agreement sets the stage for Diamond Fields Resources (VSE) to become the first Canadian company to acquire mining assets in South Africa since a new constitution was approved in that countr…
STOCK MARKETS — U.S. royalty bill chips away at gold
For the Toronto Stock Exchange, it has been a year when records of all sorts have given way to new benchmarks. But, alas, the week just past was not a record-breaking one — in the resource sector at …
EXPLORATION ’93 — Major uses of rhenium
The major uses of rhenium are in petroleum-reforming catalysts and in high-temperature superalloys used in jet engine components. The U.S. Bureau of Mines reports that rhenium is used in petroleum-ref…
METAL PRICES — FREE MARKET (November 29, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Nov. 23 Nov. 22 Nov. 19 Nov. 18 Nov. 17 Copper 1645-1646 1643-1644 1627-1628 1619-1620 1613-1614 Lead 402-403 400-401 400-401 397-398 39…
Spot prices at a glance (November 29, 1993)
Week’s Price (US) Change Gold* $376.10 + $2.40 Silver* $ 4.65 + $0.10 Platinum* $372.65 – $3.10 Nickel** $ 2.12 + $0.04 Lead** $ 0.18 $0.00 Copper $ 0.74 + $0.01 Zinc $ 0.42 $0.00 Courtesy of Scotiaba…