LAST BUT NOT LEAST — Princeton loss mounts
A drop in copper prices and the resulting shutdown of mining operations at its Similco copper mine in British Columbia left Princeton Mining (TSE) with a 1993 loss of $24.8 million on revenues of $47….
News
PEOPLE — LANDON RESOURCES (April 25, 1994)
Robert Paul appointed director.
LAST BUT NOT LEAST — Vauquelin drills two Quebec plays
Two exploration programs have been completed by Vauquelin Mines (ME) on the company’s wholly owned Fourax and 85% owned Bloc-Ouest/Nordeau properties. A $70,000 drill program totaling more than 2,300 …
COMMENTARY — Communication and weight reduction
Communicating underground in mines is extremely difficult. Rock densities block out conventional radio signals; telephone lines do not reach more than 20% of a mine’s operating area; and because of th…
EDITORIAL PAGE — Babbitt vs. Barrick
In each of the years between 1980 and 1992, the U.S. Department of the Interior had issued, after proper review, between 28 and 94 mineral patents. Strangely, early in March of last year, the flow of …
Mining opportunities in Latin America featured
The mood was bullish at the third annual “Investing in the Americas” conference, which brings together the mining sectors of North, Central and South America. The 5-day show, staged at an ocean-side h…
Lac drops Chilean El Abra project
Lac Minerals (TSE) has opted to discontinue participation with Cyprus-Amax Minerals (NYSE) in development of the Chilean copper project known as El Abra. Based on technical work carried out by Cyprus …
Deak ups reserves as Cyprus drops option
An option agreement between Cyprus Canada and Deak Resources (TSE) concerning three zones — the Kerr Mill, “G” and South — near Virginiatown, Ont., has been terminated. Deak and its subsidiaries wil…
TORONTO STOCK EXCHANGE INDICES (April 25, 1994)
— 1994 — Apr 19 Apr 18 Apr 15 Apr 14 Apr 13 High Low Composite”300″ 4115.07 4168.06 4239.95 4254.85 4248.80 4609.93 3518.31 Metals&Minerals 3332.23 3357.60 3387.95 3470.02 3476.43 3879.59 3273.56 In…
MVP subscribes to Excellon placement
Toronto-based Excellon Resources (VSE) has completed a private placement valued at $550,000. The placement consists of 1.1 million common shares and warrants exercisable for two years for an additiona…
NEWS ROUNDUP — Bulk test from Albino concession
Partners Crystallex International (VSE) and Eurus Resource (VSE) produced 1,600 oz. gold in February and March from their concession in Venezuela. Tailings from the Albino property were bulk-tested on…
NEWS ROUNDUP — Belmont to revive granite quarry
Later this month, Belmont Rose Granite, a wholly owned subsidiary of Eastern Stone Products (ASE), plans to reopen its granite quarry near Havelock, Ont. Two North American monument manufacturers have…