Flag continues drilling in Sudbury
A second hole is under way at Flag Resources’ Mackelcan Twp. gold property northeast of Sudbury, Ont. The hole is being drilled to test a mineralized breccia zone which the company says contains “sign…
News
Altai confirms surficial gold zones at Peru deposit
A field program by Altai Resources (TSE) on its Rio de Oro property in north-central Peru has confirmed the presence of a high-grade surficial gold deposit amenable to open-pit mining. Four gold-beari…
NEWS ROUNDUP — Aurizon, Cambiex detect anomaly
An anomaly has been detected on the east-central part of the Dormex gold property of Aurizon Mines (TSE) and Cambiex Exploration (ME) which surrounds the Sleeping Giant mine near Amos, Que. Close to b…
PRODUCER PRICES (October 11, 1993)
ALUMINUM: MW U.S. market US51.75-52.75 cents per lb. (Sept. 23, 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, 1…
TORONTO STOCK EXCHANGE INDICES (October 11, 1993)
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Noranda Minerals spins off advanced materials company
A new business unit known as Noranda Advanced Materials has been opened in Ville Saint-Laurent, Que. The company is an offshoot of Noranda Minerals, itself a subsidiary of Noranda (TSE). It will produ…
TSE SHORT POSITIONS (October 11, 1993)
Semi-monthly reports as of Sept 15 showed 76,538,373 shares of 760 issues compared with 75,759,200 shares of 729 issues on Aug 31. Larger individual positions included: Aber 134,000; Agnico-Eagle 91,1…
Arimetco, Breakwater settle accounts
The recent settlement of all amounts owed to Arimetco International (TSE) by Breakwater Resources (TSE) will result in the cancellation of receivables totaling about $5 million. In return for cancelin…
STOCK MARKETS — Diamonds lose lustre, yet indexes gain
Despite a general downturn among diamond issues and a stable gold price at the US$355-per-oz. level, both the Vancouver Stock Exchange resource and composite indexes gained ground. During the period e…
Canmine drilling hits new zone
A zone of alteration with massive sulphide mineralization has been intersected on the Fer property in northern Manitoba, reports Canmine Resources (CDN). The new zone, termed the Prism, is on the Coll…
Viceroy, Mink plan work in Mali
Mink Mineral Resources (VSE) will soon begin a second phase of exploration on the Niaouleni gold concession in Mali. Viceroy Resources (TSE) is funding the work through an option to earn a 70% interes…
Fairfield Minerals sells ore to Asarco
Another gold sale was made by Fairfield Minerals (TSE) from test-mining activities at its Siwash North deposit near Merritt, B.C. The company sold 2,200 tons of high-grade ore to Asarco, to be process…