Drillers mark half-century
The Canadian Diamond Drillers Association (CDDA) celebrated its 50th anniversary in early May amid the sun and fun of this hospitable southern U.S. city. The celebration was part of the Spotlight 93 c…
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METALS PRICES — FREE MARKET (May 24, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 18 May 17 May 14 May 13 May 12 Copper 1171-1172 1129-1130 1146-1147 1213-1214 11…
PRODUCER PRICES (May 24, 1993)
ALUMINUM: MW U.S. market US52.50-53.00 cents per lb. (May 6, 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)…
Aurizon drilling Bruneau prospect
A 6,000-ft. drill program is under way on the Bruneau gold property, 31 miles southeast of Matagami, Que., reports Aurizon Mines (TSE). Soquem, which is testing geophysical anomalies associated with t…
NEWS ROUNDUP — Euro-Nevada issues special warrants
Pursuant to a previous agreement, Euro-Nevada Mining (TSE) has issued two million special warrants at $25 each to raise $50 million. Each special warrant is convertible into a common share and a warra…
NEWS ROUNDUP — Caledonia vends Zimbabwe anomaly
Reunion Mining, 48%-owned by Caledonia Mining (TSE), has reached an agreement whereby Blue Falcon Mines may earn up to a 75% interest in a property in central Zimbabwe. The Magondi property covers a 4…
TORONTO STOCK EXCHANGE INDICES (May 24, 1993)
— Week — May 18 May 17 May 14 May 13 May 12 High Low Composite “300” 3826.85 3792.48 3813.33 3801.34 3796.52 3826.85 3768.32 Metals&Minerals 2865.11 2856.10 2877.26 2891.49 2874.90 2905.52 2825.80 I…
Rio Algom options Lockwood play
A recent letter agreement allows a unit of Rio Algom (TSE) to earn an interest in the Lockwood property, a volcanogenic massive sulphide prospect near Everett, Wash. The 5-sq.-mile property is on leas…
Highlights of the first 50 years
On Nov. 29, 1938, at North Bay, Ont., members of the American Diamond Drill Core Manufacturers Association met with some of the principal drill operators and manufacturers in Canada. The purpose of th…
Falconbridge Gold posts quarterly loss, plans to focus on
At its annual meeting in Toronto, Falconbridge Gold (TSE) reported a loss of $343,000 (2 cents per share) in the first quarter compared to earnings of $802,000 (5 cents per share) in the same period l…
Exall completes sampling on Mexican polymetallic bet
An underground sampling program has been completed on Exall Resources’ (TSE) La Verde Grande property in Sonora, Mexico. Sampling on the upper level of the old mine returned values of 1.13% copper, 3….
Labour Board rules on Giant
The Canada Labour Relations Board has dismissed an application for certification by an independent association seeking to displace the union representing workers at the Giant mine outside Yellowknife,…