Raymore plans Lamotte sample
Initial clearing of overburden at the Lamotte Twp. lithium property in northwestern Quebec is under way, Raymore Resources (ASE) reports. The company intends to bulk-sample about 50 tons of ore.
News
Dome Mountain lawsuit ends
A lawsuit between Habsburg Resources (VSE) and Timmins Nickel has been settled, paving the way for production to resume at the Dome Mountain gold mine near Smithers, B.C. The settlement provides for H…
Falconbridge Gold drills at Kopje
Deep drilling at the Golden Kopje gold mine property in Zimbabwe has outlined potential new reserves, Falconbridge Gold (TSE) reports. The current phase includes five holes on surface and two undergro…
NEWS ROUNDUP — Fort Knox stakes Clery claims
Toronto-listed Fort Knox Gold Resources has staked more than 200 claims north of Chibougamau, Que. The claims, comprising 9,000 acres in Clery Twp., are believed to have volcanogenic massive sulphide …
Gold City to drill western properties
Alberta-based Gold City Resources plans to begin drilling this month on its two gold properties in south-central British Columbia. The properties have geology similar to the Crown Jewel-Buckhorn mine …
LATIN AMERICA ROUNDUP — Denyvan negotiates Nicaraguan deal
An interest in two Nicaraguan gold mines, La India and the producing El Limon, will be acquired by Denyvan Resources (ME) in a deal with Triton Mining, a private Vancouver company. To earn its interes…
Mine improvements boost Homestake’s quarterly output
Improvements at two key mines enabled Homestake Mining (NYSE) to produce a record 479,200 oz. gold during the quarter ended June 30. This represents a 4% improvement over gold production in the same p…
New conductors outlined on Canmine’s Fer Property
Several new geophysical anomalies have been delineated on the Collins Point area of the Fer property in northern Manitoba, reports owner Canmine Resources (CDN). Collins Point is one kilometre west of…
Mapping planned in British Columbia
Field mapping in four regions of British Columbia is planned this summer by the province’s mines ministry. The surveys are to focus on base and precious metals in camps where reserves are being deplet…
Metallurgists to stage meeting
“Light metals” is to be the theme of this year’s meeting of the Metallurgical Society of the Canadian Institute of Mining, Metallurgy and Petroleum. Under discussion will be environmental and economic…
Metal Prices — FREE MARKET (August 23, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Aug. 17 Aug. 16 Aug. 13 Aug. 12 Aug. 11 Copper 1938-1939 1935-1937 1968-1969 1941-1943 1924-1925 Lead 387-388 384-385 385-386 387-388 39…
Small gain in metals sub-index
The metal and mineral sub-index of The Bank of Nova Scotia’s commodity price index edged up slightly in June, putting a halt to a 4-month decline. Economist Patricia Mohr reports that base metal price…