Falconbridge considers building own power plant
The Kidd Creek division of Falconbridge is one step away from building its own hydro-generating station and Ontario Hydro one step away from losing its largest customer. The division is trying to arra…
News
Diamond content of kimberlite pipes governed by zoning
The tendency for kimberlite provinces to show horizontal zoning with respect to age, mineralogy and diamond content has important implications for exploration in the Lac de Gras area of the Northwest …
Kookaburra confirms Longshot tonnage
A recently completed drilling program on the Santa Fe copper-oxide project, 25 miles east of Hawthorne, Nev., confirms previous estimates of reserves. Kookaburra Gold (VSE), owner of the property, dri…
Women geoscientists form new chapter
The Canadian Cordillera Chapter of the Association for Women Geoscientists (AWG) will co-sponsor a short course during this year’s Cordilleran Round-Up week, Jan. 25-29. The short course, “Consulting …
LATIN AMERICA — Aurizon plans more La Reyna work
An exploration program aimed at defining and ranking drill targets will be conducted this year by Aurizon Mines (TSE) on its La Reyna copper-gold project near Mazatlan, Mexico. Last year the company c…
Alban options Red Rock project
In return for up to a 5.5% net smelter return (NSR) royalty, Alban Exploration (VSE) recently optioned its Red Rock property in Ladner Cty., Nev., to Placer Dome (TSE). Under the terms of the agreemen…
Mt. Grant name change reflects regional focus
Shareholders of Mt. Grant Mines recently approved a name change to Venezuelan Goldfields (VSE) to reflect the junior company’s growing exposure to mineral projects in Venezuela and other Latin America…
Swedish mine closes after a millennium
After a millennium of continuous operation, the Falun copper mine in central Sweden has finally run out of ore. Cleanup operations at the mine began in December and are expected to continue through th…
Carlin Gold expands Oregon land holdings
Joint venture negotiations are continuing between Carlin Gold (ASE) and an undisclosed major mining company relating to Carlin’s gold properties in eastern Oregon. Carlin recently acquired claims that…
Eastern Stone options Kenora property
Toronto-based junior Eastern Stone Products (ASE) has acquired 100% of a private Ontario company that has the right to earn a 50% interest in Kenora Prospectors & Miners’ (CDN) Shoal Lake gold deposit…
Minnova arranges smelter contract for Winston Lake
Canadian Electrolytic Zinc (CEZ), a division of Noranda (TSE), has agreed to purchase the zinc concentrate production from Minnova’s (TSE) Winston Lake mine for the first six months of 1993 to a maxim…
Metal Prices — FREE MARKET (January 18, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan. 12 Jan. 11 Jan. 8 Jan. 7 Jan. 6 Copper 1412-1413 1492-1493 1538-1539 1530-1531 …