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…
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METAL PRICES — FREE MARKET (December 12, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Dec. 6 Dec. 5 Dec.2 Dec. 1 Nov. 30 Copper 2912-2913 2938-2940 2984-2985 2948-2950 2955-2958 Lead 630-631 637-638 652-654 637-638 636.5-6…
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…
William offers $3m for Velardena stake
Montreal-listed William Resources intends to acquire a 40% interest in BLM Minera Mexican. The acquisition would result in William owning 80% of BLM Minera and the Velardena silver-gold project in Mex…
Greater powers for OSC in works
The Ontario Securities Commission (OSC) will receive greater powers to protect investors under a bill introduced by Ontario Finance Minister Floyd Laughren in the legislature. The Securities Amendment…
THE DIAMOND PAGE — Redbird evaluates Czech gold plays
Alberta-listed Redbird Gold is almost finished evaluating its optioned gold deposits in the Czech Republic. The due diligence is being carried out by Toronto-based Watts, Griffis and McOuat, and final…
IGR advances projects in Ghana and Idaho
Toronto-listed International Gold Resources (IGR) has advanced several of its projects in West Africa and the U.S. In Ghana, the first phase of exploration drilling, totalling 40,000 ft., has wound do…
Madsen Gold buys Dona Lake site
The Dona Lake mine site near Pickle Lake, Ont., has been sold. Madsen Gold (TSE) is buying the operation (excluding headframe and underground workings) for $816,000. Current owners Ross Finlay (85%) a…
PRODUCER PRICES (December 05, 1994)
ALUMINUM: MW U.S. market US90.5 cents-93.5 per lb. (Nov. 18, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Sept. 29, 1994). BISMUTH: MW New York dealer US$3.90-4.20 per lb. (Oct. 27, 1994)…
NEWS ROUNDUP — New Dynacor gold zone
Montreal-listed Mines Dynacor has uncovered a near-surface gold zone at its Siscoe project near Val d’Or, Que. The zone, lying west of the Main vein, was discovered by drilling to a depth of 150 ft. T…