Greenstone Res. seeks financing
Now that Greenstone Resources has secured total ownership of Panamanian-based Minas Santa Rosa S.A., the next step is to rustle up financing for the gold project. Greenstone picked up the remaining 51…
News
NEWS ROUNDUP — Spruce Ridge drilling Madoc play
Drilling has begun on the Cooper gold property near Madoc, Ont., a 50-50 joint venture between Spruce Ridge Resources (CDN) and Lakefield Minerals, a private Toronto company. Previous drilling outline…
De Beers’ buying buoyed ’92 market
The world’s premier miner and marketer of diamonds is confident it can manage the type of threats to price stability that occurred in 1992, should they recur this year. “Our first three diamond sales …
Ashton boosts Canadian diamond spending
Australian diamond producer Ashton Mining plans to spend at least $1.3 million, or about 20% of its diamond exploration budget, to evaluate targets in Canada this year, says Chief Executive John Robin…
NEWS ROUNDUP — Royal Oak output below budget
At 65,628 oz., the amount of gold produced by Royal Oak Mines (TSE) in the first quarter was less than expected. The reason: ore dilution problems at the Hope Brook mine on the southwest coast of Newf…
EDITORIAL PAGE — A passing grade
“There’s a bad perception about the Exchange out there, and I believe this will cure some of that.” That is how Vancouver Stock Exchange Chairman Brian Harwood recently explained an investigation — i…
Cyprus, Amax spawn mega mining company
The merger of two of the largest mining companies in the U.S. is expected to create one of the largest in the world. Amax (NYSE) and Cyprus Minerals (NYSE) are proposing to merge into a new entity, Cy…
Mining comes to B.C. students
Students in British Columbia are being introduced to mining through a program produced by the province’s Mining Association (MABC) and a division of its teachers federation. The joint project resulted…
NEWS ROUNDUP — Noble Peak secures funding
Toronto-based Noble Peak Resources (ASE) has entered an agreement with four private investors to raise $750,000. The placement comprises about $600,000 in flow-through common shares at $1.05 per share…
DIAMOND UPDATE — Pure Gold faces lawsuit from Loumic
Legal action has been brought against Pure Gold Resources (TSE) by Loumic Resources (VSE), which claims to have interests ranging from 6.5%-16% in four of Pure Gold’s properties in the Northwest Terri…
Spot prices at a glance (May 31, 1993)
Week’s Price (US) Change Gold* $377.25 – $1.50 Silver* $ 4.56 – $0.18 Platinum* $390.10 – $1.90 Nickel** $ 2.57 + $0.03 Lead** $ 0.18 $0.00 Copper $ 0.83 + $0.02 Zinc $ 0.44 $0.00 Courtesy of Scotiaba…
Arimetco boosts MacArthur interest
Tucson, Ariz.-based Arimetco International (TSE) plans to acquire the remaining half of the MacArthur copper property in western Nevada. The property, jointly owned by Arimetco and Brookline Minerals …