Lac’s strategy involves boosting reserves
Toronto-listed Lac Minerals is spending more to increase gold reserves at existing mines and properties. At El Indio and Tambo in Chile, US$5 million will be spent in a multi-year campaign to boost re…
News
Wheaton trenches new gold zone
Still in the early stages of a $3.5-million exploration program, Wheaton River Minerals (TSE) has discovered new gold mineralization at its Golden Bear mine in the Yukon. The zone was uncovered when a…
Skyline acquires limestone interest
A purchase agreement with Auspex Gold (VSE) gives International Skyline Resources (TSE) the right to acquire half of an oolitic limestone deposit in Idaho. Skyline will pay Auspex $500,000 over a year…
Spirit outlines new oreshoot
Montreal-listed Spirit Lake Explorations says summer drilling on the Edward’s property near Wawa, Ont., has identified an additional high-grade oreshoot. This new carbonate zone grades 0.481 oz. gold …
Roycefield buys antimony property
Roycefield Resources (ASE) is buying the outstanding common shares of a New Brunswick company which holds a 56-claim antimony property near Grand Falls, Nfld. Antimony was originally discovered there …
Both underground and open pit at American Girl Equinox, MK
The American Girl mine in this desert region will have an extended life as deposits on the Oro Cruz portion of the property are brought on-stream by joint-venture partners Equinox Resources (TSE) and …
Barriers threaten metals trade
Barriers to trading of raw materials are becoming more common. Reflecting a growing impatience with the foot-dragging pace of monetary reform in Russia, the European Community (EC) has imposed a 60,00…
Toronto exchange surpasses records
The value of shares traded so far this year on the Toronto Stock Exchange topped $100.4 billion, breaking the previous yearly record of $100.3 billion set in 1987. This year, the Toronto Stock Exchang…
Cyprus options Massicotte gold play
Colorado-based Cyprus Canada can acquire an initial 60% interest in the Massicotte gold property of Ressources Minieres Coleraine (ME). The property is 125 km north of La Sarre, Que. Cyprus must pay $…
STOCK MARKETS — Gold emerges unfazed by tense Russian
A continuing standoff at the Russian Parliament buildings had little, if any, effect on the price of gold over the trading period ended Sept. 28. The yellow metal finished little-changed at the US$355…
FREE MARKET (October 04, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Sept. 28 Sept. 27 Sept. 24 Sept. 23 Sept. 22 Copper 1722-1723 1756-1757 1759-1760 1743-1744 1755-1757 Lead 364-365 364-365 366-367 358-3…
Paramount, Royalstar complete Czech deal
Paramount Ventures (VSE) and Royalstar Resources (VSE) are jointly acquiring 80% of the shares of a Czech company which owns exploration concessions covering the Kasperske Hory gold project in the Cze…