Freegold vends Alaska ground
Amax Gold (NYSE) and Freegold Recovery (VSE) have agreed in principle to explore and develop the Golden Summit property in Alaska. Amax can earn a 51% interest by spending US$5 million over six years….
News
Monthly record for Castle Mountain
The Castle Mountain mine, in eastern California, produced 104,105 oz. gold in its first year of operation. Viceroy Resource (TSE), operator and 75% owner, said a monthly record of 10,297 oz. gold was …
EDITORIAL PAGE –Industry should address communication
It seems every developing country in the world is laying out the red carpet for Canadian mining companies. At home in Canada, the carpet has been rolled up and packed away. Part of the blame rests wit…
Boart wins safety award
The Mines Accident Prevention Association of Ontario (MAPAO) has given Boart Canada its 1992 Award of Excellence in safety and loss control. The annual award recognizes the company that reduces medica…
ODDS’N’SODS — One heck of an engineer
In 1956, while working in Elliot Lake, Ont., I met Jack Mitchell, an engineer from the Algom Nordic operations. Little did I realize how our paths would cross and how close our friendship and associat…
Mining an issue in Bolivian election
Foreign businesses are looking forward to June’s Bolivian presidential elections and the victory of candidate Gonzalo Sanchez de Lozada, now chief executive of Comsur, the largest private sector minin…
Pure Gold to raise $3.3 million
Credit Lyonnais Laing, the London-based bank that has financed Lytton Minerals (TSE), Mill City Gold Mining (ASE) and Texas Star Resources (VSE) in their quest for diamonds, has agreed to provide Pure…
Minnova options northern properties
Minnova (TSE) can earn a 60% interest in two base metal properties of Continental Pacific Resources (VSE), near Coronation Gulf, N.W.T. The properties, in the Anialik-High Lake greenstone belts, surro…
STOCK MARKETS — VSE resource index jumps on gold, diamond
Spurred by both gold and diamond issues, the Vancouver Stock Exchange resource index jumped more than 66 points to close at 1,013.45 while the composite index finished up 27.53 points at 883.80. Gold …
Chase continues Taysan drilling
Drilling on the Taysan project in the Philippines is confirming expectations of Chase Resource (VSE). Chase is working to identify a higher-grade core of copper-gold mineralization within an estimated…
Spot prices at a glance (May 03, 1993)
Week’s Price (US) Change Gold* $349.70 + $10.55 Silver* $ 4.05 + $0.14 Platinum* $374.75 + $5.00 Nickel** $ 2.68 $0.02 Lead** $ 0.19 $0.00 Copper $ 0.85 + $0.01 Zinc $ 0.46 $0.00 Courtesy of Scotiaban…
LATIN AMERICA ROUNDUP — Minera raises $25 million
Toronto-based Minera Rayrock (TSE) will raise $25 million to explore and develop its Chilean properties by selling 12.5 million special warrants at $2 per warrant. The company is also planning to reor…