Cusac plans drilling on Table Mountain
A 2,000-ft drill program is planned by Cusac Industries (TSE) to further explore the Table Mountain property near Cassiar, B.C. Crews are being mobilized and a camp established to allow the 7-hole dri…
News
Diamond players coy about spending — NWT survey reveals
Exploration expenditures in the Northwest Territories are expected to surpass $52 million this year, according to the annual survey of the N.W.T. Chamber of Mines. This level easily surpasses the $38….
Metal Prices — FREE MARKET (May 31, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 25 May 24 May 21 May 20 May 19 Copper 1190-1191 1178-1179 1183-1184 1176-1177 11…
LETTERS TO THE EDITOR — Regulatory obstacles frustrating
Clearly, bureaucratic gridlock in all of Canada has not reached epidemic proportions if the logical and creative plans of Royal Oak’s Hope Brook mine to add a copper flotation circuit can be accomplis…
PEOPLE — INTERTECH MINERALS (May 31, 1993)
Victor Taylor elected president; Randall Dinning appointed director.
Sikaman Gold sale nets $1 million
Toronto-listed Sikaman Gold Resources has sold Monk Gold Resources (ASE) a 37.5% interest in the Sol Wood mine and a 50% stake in the Seneca gold project for $1 million cash. Monk must pay $300,000 by…
High Frontier Res. revving up again
Subject to shareholder and regulatory approval, High Frontier Resources plans to consolidate its 8.26 million shares on a 4-for-1 basis and change its name to Consolidated Frontier Resources. To settl…
TSE Short Positions (May 31, 1993)
Semi-monthly reports as of May 15, showed 72,998,779 shares of 684 issues compared with 71,954,072 shares of 683 issues on Apr. 30. Larger individual positions included: Aber 110,341; Amer. Barrick 40…
NEWS ROUNDUP — Spruce Ridge drilling Madoc play
Drilling has begun on the Cooper gold property near Madoc, Ont., a 50-50 joint venture between Spruce Ridge Resources (CDN) and Lakefield Minerals, a private Toronto company. Previous drilling outline…
PRODUCER PRICES (May 31, 1993)
ALUMINUM: MW U.S. market US52.50-53.50 cents per lb. (May 13, 1993). ANTIMONY: MW New York dealer US78-82 cents per lb. (Mar. 26, 1993). BISMUTH: MW New York dealer US$2.50-2.70 per lb. (Mar. 26, 1993…
Sikaman advances placer gold projects in Argentina
Toronto-based Sikaman Gold Resources (TSE) is stepping up its exploration and development activities on two placer gold properties in the Province of Neuquen, Argentina. In early May, the company secu…
Campbell reviews funding position
Now that Northgate Exploration (TSE) is selling its controlling interest in Campbell Resources (TSE), the latter is reviewing financing alternatives for its Canadian operations and Mexican exploration…