Echo Bay gives nod to Lamefoot deposit
A new gold deposit is set to come on stream for senior gold producer Echo Bay Mines (TSE). The Lamefoot deposit is the latest in a string of five deposits to be put into production at the Kettle River…
1994
BHP enhancing Tanzanian deposit
A second hole drilled near the Kabanga nickel-cobalt deposit in northwestern Tanzania has confirmed the potential for a significant new zone. BHP Minerals reports that Hole 43 intersected an estimated…
PEOPLE — LORICA RES. — Jaime Araoz, Jorge Bedoya and
A 198.9-kg drill sample from Aber Resources’ (TSE) Diavik project in the Northwest Territories has yielded 150 microdiamonds and 99 macros. The hole, A154-9, was drilled into the southern kimberlite p…
ODDS’N’SODS — Ed and the dirty jackass
Ed and his burro, Millie, got along pretty well. Ed knew when Millie was tired and wanted water. Millie knew when Ed was discouraged and needed to be nuzzled a little. Together they traveled the west,…
ANC favors state ownership of mineral rights
South African President Nelson Mandela’s ruling African National Congress (ANC) has called for state ownership to replace private control of the country’s mineral rights. South Africa is currently the…
STOCK MARKETS — Lower gold price helps drag down TSE
A sagging gold price helped drag the TSE lower over the 5-day report period ended Dec. 6. The composite 300 index dropped 24.28 points to close at 4,079.44. The gold and precious metals sub-group lost…
STOCK MARKETS — Composite index continues downward slide
The Vancouver Stock Exchange composite and resource indexes continued their downslide for the report period ended Dec.6. The former fell 17.64 points to close at 737.84, while the latter finished at 1…
Gold Funds (December 12, 1994)
BGR Central Net Value $17.07 $6.50 Price $13.63 6.50 Discount 20.19% Premium 1.7% Value $136,557,000 $117,645,450…
Westmin intersects new zones
At its Myra Falls operation near Campbell River, B.C., Westmin Resources (TSE) is discovering that two mineralized zones are better than one. Surface diamond drilling aimed at testing the western exte…
Producer Prices (December 12, 1994)
ALUMINUM: MW U.S. market US95.5 cents-96.5 per lb. (Nov. 24, 1994). ANTIMONY: MW New York dealer US$1.95-2.25 per lb. (Nov. 24, 1994). BISMUTH: MW New York dealer US$3.90-4.20 per lb. (Oct. 27, 1994)….
Spot prices at a glance (December 12, 1994)
Week’s Price (US) Change Gold* $379.80 – $2.55 Silver* $4.69 – $0.39 Platinum* $403.90 – $5.70 Nickel** $4.02 + $0.38 Lead** $0.28 – $0.01 Copper $1.32 – $0.04 Zinc $0.50 – $0.01 Courtesy of Scotiaban…
Exploration efforts pick up steam in Argentine camp
A volcanogenic massive sulphide prospect in Argentina’s Tierra del Fuego district appears to have captured the interest of Noranda Minerals. The company, a unit of Noranda (TSE), has secured rights to…