Evidence presented in Denison hearing
The presentation of evidence in the arbitration hearing between Denison Mines (TSE) and Ontario Hydro ended in early November. Each side will summarize the evidence and complete presentation of argume…
News
Eldorado acquires Argentinian ground
Through staking, options to purchase and joint ventures, Eldorado (TSE) now has mineral rights to 1,000 square miles in northwestern Argentina, along the Chilean border. The claims extend for 75 miles…
Rio Algom releases assays from Lockwood joint venture
Drilling on the Lockwood property near Everett, Wash., has returned semi-massive-to-massive sulphide intersections in four of five holes. The property is owned 65% by Island-Arc Resources (VSE) and 35…
NEWS ROUNDUP — Spruce Ridge to drill Madoc property
A second phase of drilling will be carried out in early December on the Cooper Gold property, near Madoc, Ont. Drilling to date has outlined a gold zone containing 41,193 tons grading 0.24 oz. gold pe…
LETTERS TO THE EDITOR — Directorships for Mulroney draw
Having followed the incredible successes of American Barrick Resources and Horsham Corp. over the years, I have concluded that Chairman Peter Munk was the moving force. At the same time, I was amused …
Bayer to speak at CIM luncheon
Hemlo Gold Mines President Ian Bayer will speak at the Nov. 25 luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum. Hemlo Gold operates the low-cost Golden Gia…
Venezuelans view vat leaching plant
A small Venezuelan mining delegation recently viewed the vat leaching technology developed by NovaGold Resources for the extraction of gold. Gerald McConnell, president of the Halifax, N.S.-based comp…
Richmont reactivates old Camflo mill
After a brief hiatus following the closing of the Camflo mine, the Camflo mill is again producing gold from the ores of the Abitibi gold belt. Richmont Mines (TSE) bought the mill, near this small nor…
Mulroney joins Amer. Barrick board
Former prime minister Brian Mulroney has joined the board of directors of gold producer American Barrick Resources (TSE) and its major shareholder Horsham (TSE). The Barrick directorship is Mulroney’s…
Ramrod options Elmore property
An option deal with Consolidated Ramrod Gold (TSE) will provide funds for further work on the Elmore property of Atlanta Gold (TSE). Ramrod can earn a 51% interest in the Idaho property by spending US…
PRODUCER PRICES (November 22, 1993)
ALUMINUM: MW U.S. market US49.5-50.5 cents per lb. (Nov. 11, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993…
STOCK MARKETS — Markets bide time during diamond news lull
With limited news on both the gold and diamond fronts, western markets closed little-changed at the end of our reporting period (Nov. 16). The Vancouver Stock Exchange composite index edged up just ov…