PRODUCER PRICES (November 29, 1993)
ALUMINUM: MW U.S. market US49.5-50.5 cents per lb. (Nov. 11, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993…
News
Taysan paves way for Philippine pit
As part of an ongoing prefeasibility study of its Taysan copper-gold project in the Philippines, Chase Resource (TSE) has released a study on infrastructure implications. Chase hopes to develop a 50,0…
Correction (November 29, 1993)
The executive body of Wheaton River has not changed as reported in People (T.N.M., Nov. 22/93). The appointments were made to North American Metals, a company in which Wheaton River is a major shareho…
EXPLORATION ’93 — Bechtel active in Latin America
Engineering-construction firm Bechtel reports that associations it has made in Mexico, Venezuela, Chile and Brazil have begun to bear fruit. Bill Friend, in charge of the company’s Latin America effor…
Lithoprobe survey may aid in search of diamonds in Manitoba
Diamond hunters in Saskatchewan and Manitoba may soon have a new target area if the latest Lithoprobe survey over the Trans-Hudson Orogenic belt confirms the presence of a new Archean-aged craton. Sei…
Dundee-Palliser buys MVP shares
Dundee-Palliser Resources (TSE) will buy an 11.7% interest, representing 17.5 million common shares, in MVP Capital (TSE) for 5 cents per share. A 10% convertible note will be issued for $562,500; the…
EXPLORATION ’93 — Western Copper-Thermal pilot operation
Joint-venture partners Western Copper Holdings (TSE) and Thermal Exploration (ASE) produced about 800 lb. of copper cathode during the first month of their pilot-plant project, near this northern comm…
THE DIAMOND PAGE — Vancouver junior buying into South
An option agreement sets the stage for Diamond Fields Resources (VSE) to become the first Canadian company to acquire mining assets in South Africa since a new constitution was approved in that countr…
Allegheny options gold properties
Allegheny Mines (ASE) has optioned two gold prospects, thereby adding to its properties near Atikokan, Ont. The Olcott and Eagle properties were optioned for cash payments of $85,000 and $10,000 each …
Cyprus Amax drilling hits new zone in Kirkland Lake
A new gold zone has been outlined on the Amalgamated Kirkland property in Kirkland Lake, Ont. The discovery, known as the Cyprus zone, was made during a drilling program by Cyprus Canada, a unit of Cy…
STOCK MARKETS — U.S. royalty bill chips away at gold
For the Toronto Stock Exchange, it has been a year when records of all sorts have given way to new benchmarks. But, alas, the week just past was not a record-breaking one — in the resource sector at …
Eldorado expands
A new target has been established at La Trinidad, a gold project in the West Mexican state of Sinaloa. Eldorado (TSE) is conducting the work and can earn a 51% interest from Almaden Resources (VSE) by…