Spot prices at a glance (October 18, 1993)
Week’s Price (US) Change Gold* $366.60 + $13.10 Silver* $ 4.45 + $0.30 Platinum* $370.10 + $10.85 Nickel** $ 2.04 + $0.13 Lead** $ 0.18 + $0.02 Copper $ 0.76 $0.00 Zinc $ 0.42 + $0.01 Courtesy of Scot…
News
NEWS ROUNDUP — Keylock exploring in Slovak Republic
Exploration is scheduled to begin soon on Keylock Resources’ (ASE) property in the Slovak Republic. The program will assess the gold-silver potential of a large, Tertiary-aged cauldera complex. Accord…
Nebex IP survey on Yellowknife projects
Having completed several drill holes on its 5,300-acre Northbelt gold property, near Yellowknife, N.W.T., Nebex Resources (ASE) is conducting induced polarization (IP) surveys. The surveys are being c…
IN BRIEF — Tanqueray acquires Montana property
Tanqueray Resources (ASE) has acquired the mineral rights to a 2,000-acre garnet property in Montana. Preliminary geological studies have established a resource of more than 250,000 tons of salable al…
NEWS IN BRIEF (October 18, 1993)
Wind River Resources (WID:VSE) has changed its name to Richlode Investments (RLI:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. Montreal Trust is the transfer agent.
Takla Star earns interest
Alberta-listed Takla Star Resources has entered two agreements with Uranerz U.S.A. (a unit of Uranerz Exploration & Mining) to explore the Slaven Canyon gold projects in Lander Cty., Nev. The projects…
PRODUCER PRICES (October 18, 1993)
ALUMINUM: MW U.S. market US51.50-52.50 cents per lb. (Sept. 30, 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…
Inco announces production cutbacks
Market conditions have forced Inco (TSE) to reduce nickel production at its Canadian operations by 60 million lb. The cutbacks at the Ontario and Manitoba divisions will occur during the December, 199…
Investors ride the wind as LME speculation grows
The whirlwind of base metals prices is as wild as ever, owing to the sales policies of producers over recent years. Those policies consist of selling all output at the best price the market can provid…
NEWS ROUNDUP — MinVen now Dakota Mining
With its corporate restructuring now complete, MinVen Gold is now known as Dakota Mining (TSE). The company eliminated its debt with a US$11-million private placement, leaving about US$7 million in ca…
NEWS ROUNDUP — Drilling planned for San Bernardino
An initial 2,800-metre drilling program is planned at the San Bernardino gold prospect in Bolivia for October. Orvana Minerals (TSE), which has a 35% interest in the project, said the drilling will te…
Bridger-Teck dispute scheduled for 1994
A lawsuit launched in 1990 by BDG Pacific Resources (VSE) against Teck (TSE) has been scheduled for trial on Sept. 19, 1994. BDG Pacific, formerly Bridger Resources, alleges that Teck breached an agre…