Bishop continues Guadalupe work
Encouraged by assays from its Guadalupe prospect in northwestern Mexico, Bishop Resources International Exploration (CDN) says exploration will continue. Initial samples of high-grade material returne…
News
1993’s 1.8-m-oz. target still in sight — Placer’s nine-month
Production results so far this year have Placer Dome (TSE) confident it can meet or exceed its production goal for 1993. That goal is 1.8 million oz. gold at a cash cost of US$190 per oz. The company’…
Lac reports quarterly loss
A decision to spend an additional $5.5 million on increased exploration of the Red Mountain gold project in British Columbia has led to a quarterly loss, Lac Minerals (TSE) reports. The gold producer …
NEWS ROUNDUP — Orvana plans financing for Butte play
Taking advantage of the recent jump in its share price, Orvana Minerals (TSE) plans to raise $19.2 million through a private placement at $7.37 per share. Proceeds would fund further exploration of th…
PEOPLE — GOLD CANYON RESOURCES
Stephen Flechner and Raymond Irwin appointed directors. N5…
PEOPLE — HERA RESOURCES (November 08, 1993)
Mark Schultz appointed director. N5…
KEGS lecture
Phil Romig, professor and head of the geophysics department at the Colorado School of Mines, will deliver a talk titled “Environmental Geophysics: Fads or Future?” The lecture, hosted by the Canadian …
Mixed results from Damoti assays
Further assay results from drilling on the Damoti Lake gold prospect are mixed. The property, 150 km north of Yellowknife, N.W.T., is a joint venture among Athabaska Gold (TSE), Consolidated Ramrod Go…
METAL PRICES — FREE MARKET (November 08, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Nov. 2 Nov. 1 Oct. 29 Oct. 28 Oct. 27 Copper 1622-1623 1601-1602 1612-1613 1608-1609 1600-1601 Lead 396-397 394-395 402-403 401-402 395-…
Similco shutdown caused by slump in red metal prices
The Similco copper mine in northwestern British Columbia is being forced to close, though owner Princeton Mining (TSE) describes the shutdown as temporary. The announcement came after Princeton was to…
OPINION — Separate northern status advocated
Territorial status for northern Ontario would mean northerners would be able to revive their mining and forestry industries. The multiple use of land would have to be the basis for any resource policy…
Former Noranda exec to head Abitibi junior — Pezim shifts
Canada’s best-known mine financier is setting his sights on la belle province, particularly the Abitibi region where his geological team intends to apply some new concepts in the hope of making discov…