1993

A sampling program to establish size and grade of a garnet resource is being planned by Bitterroot Resources (VSE) for its newly leased Williams property in Mohave Cty., Ariz. The road accessible clai…

In addition to previously announced ore reserves of 18.4 million oz., Placer Dome (TSE) estimates that it holds measured and indicated resources totalling 8.5 million oz. gold at its mines and 8.3 mil…

The International Gold Trade. By Tony Warwick-Ching. Published by Woodhead Publishing, Abington Hall, Abington, Cambridge, England CB1 6AH. US$150 (plus US$20 for postage and packaging). New markets a…

I am responding to the article “Tatshenshini-Alsek area grows in recreational use” (T.N.M., Jan.18/93). I am one of the 1,000-plus people who visited the Alsek River last year. As a mining professiona…

Gold production rose to almost 1.1 million oz. in 1992 from 885,571 oz. in 1991, Lac Minerals (TSE) reports. Production from all of the gold mines in which Lac has an interest totalled 1.14 million oz…

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb. 16 Feb. 15 Feb. 12 Feb. 11 Feb. 10 Copper 1530-1531 1557-1558 1559-1560 1563-15…

A legal dispute between Gold Fields Mining and Placer Dome (TSE) relating to about 40% of the Pipeline gold deposit in Nevada will not be part of an asset exchange between Gold Fields and Santa Fe Pac…

Only in a few areas of Mexico is gold the major ore in the local economy. One of these areas is in Durango state, between the towns of Pueblo Nuevo and Jocuistle in a geological region known as “Barra…

Widespread copper mineralization was encountered with grades of 1.5-2% dominantly copper oxide over widths of 20-60 metres at the Sierra Valenzuela property in northern Chile, Minera Rayrock (TSE) rep…

Gold production in 1992 increased to 492,000 oz. at an average cash operating cost of US$125 per oz., compared with 469,000 oz. in 1991 at US$133 per oz., Hemlo Gold Mines (TSE) reports. Gold output f…

More producer announcements of extended mine and refinery shutdowns during 1993 caused the markets to pause for an impact assessment. To date, the major mining companies appear to be implementing a si…

An agreement in principle has been reached between MSV Resources (ME) and Westminer Canada whereby MSV will purchase certain assets of Westminer, including the Copper Rand and Portage mines and the co…