News

Drilling returns gold values at Damoti Lake property

Assay results from the Damoti Lake property north of Yellowknife, N.W.T., continue to show high-grade gold values. Operator Consolidated Ramrod Gold (TSE) has released results from 11 holes of a recen…


Rio Algom buying Alcan division

Copper producer Rio Algom (TSE) is acquiring Alcan Aluminum’s Metals Goods distribution business. Metals Goods operates a network of 39 facilities throughout the U.S. which sells and distributes stain…


Metal Prices — FREE MARKET (January 16, 1995)

London Metal Exchange Spot closing prices in $US per tonne Date Jan. 10 Jan. 9 Jan. 6 Jan. 5 Jan. 4 Copper 3037-3038 3002-3003 2984-2985 2942-2944 2895-2896 Lead 665.50-666.50 663-664 654-655 648-649 …


Minorca eyeing Espalau assets

Junior Minorca Resources (ME) intends to acquire a half interest in the dormant Bachelor Lake gold mine from Espalau Mining (ME). The company would do so by funding $4.5 million of exploration and dev…


Diabex, Placer intersect gold

Drill results from the Desjardins gold property, near Lebel-sur-Quevillon, Que., are providing encouragement to Diabex Resources (ME). The drilling was carried out by Placer Dome (TSE), owner of the p…


Waddy Lake finds consistency at Komis

Toronto-listed Waddy Lake Resources has released preliminary results from 19 holes drilled on its Komis gold deposit in northern Saskatchewan. The program was initiated in the hope of doubling minable…


EDITORIAL PAGE — Mineral projects held hostage

“If the save-it-all green groups don’t get you, the native land claims will.” A cynical attitude, perhaps, but one that is becoming all too common among resource companies. Many are starting to worry …


Zinc conference set for Florida

Emerging trade issues that affect zinc will be highlighted at the 1995 International Zinc Conference of the American Zinc Association (AZA). The conference is set for Feb. 19-22 in Ft. Lauderdale, Fla…


PRODUCER PRICES (January 16, 1995)

ALUMINUM: MW U.S. market US93.5 cents-94.5 per lb. (Dec. 30, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Dec. 2, 1994). BISMUTH: MW New York dealer US$3.90-4.10 per lb. (Dec. 23, 1994). …


El Bravo acquiring Chilean project

Junior El Bravo Gold Mining (VSE) has agreed to acquire the Chanaral copper concession in northern Chile through the reverse-takeover of the Chilean company Southern Cross S.A. The number of shares to…


Spot prices at a glance (January 16, 1995)

Week’s Price (US) Change Gold* $375.00 – $3.25 Silver* $4.68 – $0.04 Platinum* $409.50 – $1.00 Nickel** $4.27 + $0.28 Lead** $0.30 + $0.01 Copper $1.37 + $0.04 Zinc $0.52 + $0.01 Courtesy of Scotiaban…


Adrian uncovers new gold zone

At the Petaquilla property in Panama, stepout drilling has confirmed an additional near-surface gold zone for Adrian Resources (TSE). Associated with the Molejon deposit, the new zone is estimated to …


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