METAL PRICES — FREE MARKET (May 10, 1993)
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…
1993
NEWS ROUNDUP — Prairie Creek drilling
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…
PRODUCER PRICES (May 10, 1993)
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…
Plexus wins environmental approval for Bornite
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…
ASE requests fire assays of Focal drill samples
The Alberta Stock Exchange has requested that Focal Resources (ASE) retain a Canadian laboratory to fire-assay core from ongoing drilling on a metallic mineral lease in northeastern Alberta. The compa…
1993 PDAC convention exceeds expectations
The 61st annual convention of the Prospectors and Developers Association of Canada (PDAC) was “a fantastic success from every point-of-view,” according to Anthony Andrews, PDAC managing director. The …
COMMENTARY — Of the gold price, Alaskan permafrost
Analyst Ian Lamont, writing in a recent issue of the Yorkton Natural Resources newsletter: The physical demand for gold bullion is currently extremely strong and, in theory, this should cause the pric…
Futterer award to UBC student
This year’s recipient of the Futterer award is Tina Markovic. The award is given annually to the most outstanding final-year mining student in the Canadian Mineral Industry Education Foundation’s mini…
Coin demand on the rise
Demand for Canadian circulation coins increased 27% to more than one billion pieces in 1992. Most of the increase is due to public interest in the 25-cent and $1 coins of the Canada 125 coin program, …
Blusson to vend interests into a public company
Stewart Blusson recently acquired a controlling interest in Texas Sidewinder Oil (VSE), which will buy all his interests in the BHP Minerals/Dia Met Minerals/Charles Fipke/Blusson joint venture outsid…
Noranda sells Louvem shares to St. Genevieve
Noranda Minerals, a unit of Noranda (TSE), has sold its control block of 11.5 million shares of Louvem Mines (TSE) to Montreal-based junior St. Genevieve Resources (TSE) for $1.7 million (15 cents per…
Producer Prices (May 03, 1993)
ALUMINUM: MW U.S. market US51.25-52.25 cents per lb. (Apr. 22, 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…