Athabasca rejects Mongolian deal
Vancouver-based Athabaska Gold (VSE) has backed away from a letter of intent to earn an interest in the Bumbat gold field in the Republic of Mongolia. Athabaska elected not to proceed with an option t…
1993
McBride buys stake in Xavier
John McBride, president and director of Xavier Mines (ASE), has purchased 366,700 shares, or 13.8%, of the junior company’s common shares. The shares were bought though a private placement at 30 cents…
Ego to purchase cobalt recovery company Cobatec
Shares of Ego Resources (TSE) reached a 52-week high of 83 cents recently when the company agreed to purchase a private company that has developed a low-cost process to recover cobalt from high-grade …
Gold panning growing in Zimbabwe
With a crying baby on her back, Esnat Chibangara crouches in the fast flowing Pote River and slowly sifts through the fine sand in her bowl for the eighth time. A sigh indicates that the 35-year-old w…
Metal Prices — FREE MARKET (March 22, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar. 16 Mar. 15 Mar. 12 Mar. 11 Mar. 10 Copper 1491-1492 1508-1509 1520-1521 1499-15…
PNG gov’t boosts stake in Porgera
The Porgera joint venture, in which Placer Dome (TSE) is a partner, has agreed to sell to the government of Papua New Guinea an additional 15% interest in the Porgera gold mine. The three partners in …
COMMENTARY — Mobile miners making moves
From a recent edition of the Northwest Mining Association’s Bulletin: Today’s mining companies aren’t just planning for the new world of minerals. They’re also anticipating how that world will affect …
Russian diamond tour organized
Toronto consulting firm Watts, Griffis & McOuat and its Russian partner, Almazy Rossia-Sakha, will tour the Russian diamond region of Sakha (formerly Yakutia) from May 23 to June 2. Seminars, case stu…
METALS MARKETS — World metals consumption languishes
In all markets, metals consumption continues to languish among members of the Organization for Economic Co-operation and Development. In Japan and Europe, the main consuming areas such as commercial c…
Adrian boosts reserve estimates at Petaquilla
Initial step-out drilling at the Petaquilla property in Panama has increased preliminary reserve estimates to more than one billion tons. Adrian Resources (VSE) is drilling under an option to earn up …
NEWS ROUNDUP — Waseco negotiates production deal
Oakville, Ont.-based Waseco Resources (CDN) and Nevada company Carson River Gold are negotiating the sale of 50,000 tons of placer gold material from Carson’s leased Lyon Cty., Nev., property to Wasec…
Water quality test drilling uncovers Huckleberry zone
Drilling for a water quality monitoring well in the area of a proposed tailings dam at the Huckleberry project near Kemano, B.C., has intersected a zone of high-grade copper. New Canamin Resources (VS…