1993

Infill drilling results from the Myra Falls mine property near Campbell River, B.C., prompted mine owner Westmin Resources (TSE) to predict that ore tonnage in the main Battle and the upper lenses wil…

Disappointing drill results led to a decision by Kennecott Canada to withdraw its option on the Mega-Gold project held by Valerie Gold (VSE). The property is near Taseko Mines’ Fish Lake copper-gold d…

East West Resource (VSE) has agreed to pay Cross Lake Minerals (VSE) $15,000 and spend $70,000 to earn a 50% interest in a 55-claim property in Casa Berardi Twp., Que. The claims, which lie next to a …

Toronto-based junior Madeleine Mines (TSE) has acquired the operating profits interest in three of the four Crown mining leases that comprise the Lac des Iles platinum project near Thunder Bay, Ont. T…

Delegates to the recent 1993 Cordilleran Roundup heard about exploration activity at home, in particular in British Columbia and the Yukon, and also about opportunities overseas. In British Columbia, …

Week’s Price (US) Change Gold* $329.60 – $1.00 Silver* $ 3.67 – $0.01 Platinum* $359.60 – $3.90 Nickel** $ 2.62 – $0.01 Lead** $ 0.19 $0.00 Copper $ 1.01 – $0.01 Zinc $ 0.50 + $0.02 Courtesy of Scotia…

The recession and the subsequent rise in metal inventories continue to generate misery and further announcements of cutbacks in the mining industry. Metal consumption is down almost everywhere to some…

With its Williams Creek copper project entering the feasibility stage, Thermal Exploration (ASE) has turned to the Labrador Trough of northern Quebec for new reserves. This year, the California-based …

Annual gold production of 100,000 oz. within three years is projected by Eden Roc Mineral (TSE). Chairman Harry Quint made the prediction at an analysts meeting in New York City. He said Eden Roc, wit…

Drilling on the Kabanga nickel project in northwestern Tanzania returned a number of wide intersections for owner Sutton Resources (VSE). The drilling included a 16.09-metre intersection in one of the…

Assistant Secretary Bruce Attenborough sold his holdings in Canhorn Mining (TSE) at the end of December, when the stock was trading at 5-year highs on speculation over a diamond concession in Africa. …

Gold production in 1992 increased by 13% to 354,240 oz., Cambior (TSE) reports. Higher output at the Mouska and Silidor mines in northwestern Quebec and at the Valdez Creek placer project in Alaska wa…