Spot prices at a glance (July 12, 1993)
Week’s Price (US) Change Gold* $ 397.25 + $18.25 Silver* $ 5.17 + $0.59 Platinum* $ 408.75 + $23.05 Nickel** $ 2.34 – $0.09 Lead** $ 0.17 – $0.01 Copper $ 0.88 + $0.02 Zinc $ 0.42 $0.00 Courtesy of Sc…
News
Northfield plans exploration of California gold property
Privately owned Canyon Mineral has granted Northfield Minerals (ASE) an option to explore and develop the Chuckwalla gold claims, 25 miles west of Blythe in Riverside Cty., Calif. In return, Canyon re…
Glamis glitters — At Mexican play, a leach test
A bulk leach test will be conducted by Glamis Gold (TSE) at the Cieneguita project in the northern Mexican state of Chihuahua. Glamis is earning a 60% interest from Aquiline Resources (VSE) by advanci…
NEWS ROUNDUP — Radisson in deal with Hemlo Gold
Three properties in Quebec’s Destor Twp., north of Rouyn-Noranda, are being explored, Radisson Mining Resources (ME) reports. The junior has reached an agreement with Hemlo Gold Mines (TSE) covering t…
DIAMOND PAGE — Record diamond sales
Sales of rough diamonds by De Beers’ Central Selling Organization (CSO) were US$2.54 billion in the first half of 1993, 42% higher than in the corresponding period a year ago. In dollar terms, sales i…
DIAMOND PAGE — Geophysical targets identified on Etruscan
Vancouver-listed Etruscan Enterprises reports that both Paterson, Grant and Watson (PGW) and Geonex Aerodat have conducted geophysical work on its Hackett River property in the Northwest Territories. …
Glamis glitters — At Randsburg, golden core . . .
Drilling at its operations near Randsburg, Calif., has paid off for Glamis Gold (TSE). The company estimates reserves are up by more than 500,000 oz. gold from estimates at the beginning of July, 1992…
NEWS ROUNDUP — Cambiex begins drill program
Two drills are active on the Dunraine property, 19 km east of Val d’Or, Que., Cambiex Exploration (ME) reports. The work includes 14,000 metres of deep drilling. Two drills are also active at the Phil…
NEWS ROUNDUP — Cusac testing new zone
Ongoing drilling by Cusac Industries (TSE) will test two newly discovered quartz veins 1,000 ft. west of the Bain vein on the Table Mountain gold project in northern British Columbia. The first of sev…
NEWS IN BRIEF (July 12, 1993)
Zahavy Mines Ltd. (ZVY:ASE) has changed its name to Xavier Mines Ltd. (XXX:ASE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is R-M Trust Co.
NEWS ROUNDUP — Gibraltar to cut production
Toronto-listed Gibraltar Mines is planning to cut production at its open pit near McLeese Lake, B.C., in response to consistently low copper prices. It is also initiating a $500,000 feasibility study …
NEWS ROUNDUP — Treminco exploring properties
Exploration has begun on several gold properties near Yellowknife, N.W.T., belonging to Treminco Resources (TSE). Geochemical sampling will be carried out over intensely altered areas adjacent to mine…