Drilling program set for Beaufor
A 3-month, $900,000 exploration program is to begin at the Beaufor gold property near Val d’Or, Que., partners Aurizon Mines (ME) and Louvem Mines (ME) report. The program, designed to increase reserv…
News
THE DIAMOND PAGE — Matkin hearing tours B.C.
The inquiry into the operations and regulation of the Vancouver Stock Exchange (VSE) and British Columbia Securities Commission has taken to the road for public hearings. The inquiry headed by James M…
Barytex reorganizes, joins with Romanex; VSE-listed
Besides changing its name from Barytex Resources, the company has announced a change of control and a rollback of one new share for every four old shares. It has also amalgamated with a private compan…
Cleanup costs to $60m — Summitville casts pall over U.S.
Companies looking to develop new mines in the U.S. could face a tougher ride through the permitting process because of environmental problems at the Summitville gold property in Colorado. The project’…
LETTERS TO THE EDITOR — `Sustainable development’ fraud
Back in the summer of 1990, I took a trip to Winnipeg as a freelance journalist to cover the annual conference of mines and energy ministers. I was the only reporter at the conference, save for a brie…
Cambior, Southwestern form Peru joint venture
Having already established itself as a leading Latin American gold producer, Cambior (TSE) is forming a joint venture with soon-to-be-Vancouver-listed Southwestern Gold on Southwestern’s Peruvian expl…
METAL PRICES — FREE MARKET (July 26, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 20 July 19 July 16 July 15 July 14 Copper 1894-1895 1917-1918 1913-1915 1925-19…
Research effort benefits juniors
Associated companies Kenrich Mining (VSE) and Ambergate Exploration (VSE) are contributing to a research effort aimed at identifying possible extensions of the favorable Eskay Creek stratigraphy on gr…
Producer Prices (July 26, 1993)
ALUMINUM: MW U.S. market US55.50-57.00 cents per lb. (July 15, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 199…
LATIN AMERICAN ROUNDUP — Geomaque options Mexican bet
Geomaque Explorations (CDN) can earn a 100% interest, subject to a 3% net smelter return, in the San Francisco heap-leach property, 120 km south of Nogales, Mexico. An option agreement to this effect …
Court decisions buoy Curragh
Shares of Curragh (TSE) added 11 cents to 60 cents after court decisions in separate parts of the country swung in the zinc miner’s favor. In New Glasgow, N.S., criminal charges against the company an…
EDITORIAL PAGE — Lenin’s folly
According to reports in The Globe and Mail, scrap metal exports from Estonia, formerly within the orbit of the Soviet Union and now an independent state, have risen to the point that it has become the…