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)…
News
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,…
DIAMOND UPDATE — Aber uncovers seven new kimberlites
Drilling on the Diavik project in the Lac de Gras area of the Northwest Territories has uncovered seven new kimberlite intrusions, reports Aber Resources (TSE). Although bad weather has hampered the e…
New Canamin receives award for reclamation
Following a successful exploration season at the Huckleberry property last year, Vancouver, B.C.-based New Canamin Resources has received a provincial award for successful reclamation of an exploratio…