Eldorado (VSE) has recovered 1,300 oz. gold from a recent bulk leach test on the La Colorada property near Hermosillo in northwestern Mexico. Information gathered from the 33,000-ton test will be used…
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 4 May 3 Apr. 30 Apr. 29 Apr. 28 Copper 1164-1165 N/A 1189-1190 1176-1177 1188-11…
ALUMINUM: MW U.S. market US51.50-52.50 cents per lb. (Apr. 29, 1993). ANTIMONY: MW New York dealer US78-82 cents per lb. (Mar. 11, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 199…
After two years of waiting, Plexus Resources (TSE) has received approval from environmental regulators to develop its Bornite project near Salem, Ore. A Record of Decision and approval of the Final En…
With its operation near Houston, B.C., winding down, Equity Silver Mines (TSE) does not expect to continue as an operating mining concern after current reserves are depleted. Formerly an open pit, Equ…
Cassiar Mining, put to rest by bankruptcy last year, has come back to haunt former owner Princeton Mining (TSE). The trustee in bankruptcy of Cassiar (and subsidiary San Antonio Gold) served Princeton…
A purchase agreement has been signed between Cumberland Resources (VSE) and Asamera Minerals (now wholly owned by Gulf Canada Resources) for property interests in the Northwest Territories. The proper…
Although 1992 pre-tax earnings for Gibraltar Mines (TSE) increased over 1991 levels, higher income taxes as a result of non-deductible items resulted in lower net earnings. Gibraltar made $3.1 million…
Wrightbar Mines (ME) has optioned three lithium properties in northeastern Quebec from Abitibi Lithium Corporation, a private company in Val d’Or, Que. Abitibi will receive $25,000 in cash, 2.2 millio…
Step-out drilling at the Prairie Creek project in the Northwest Territories continues to return massive sulphide zinc-lead-silver mineralization. San Andreas Resources (VSE), currently earning a 60% i…
Last year marked the 33rd consecutive year of profits and dividends for Rio Algom (TSE). In 1992, the company posted a net profit of $39.4 million on revenues of $1.03 billion. At the annual meeting i…
Two parallel kaolinite zones have been discovered by Bruneau Minerals (ME) on its De Salaberry Twp. property, 120 km northwest of Montreal. The zones were delineated by magnetic and electromagnetic (V…
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