Spot prices at a glance (April 19, 1993)
Price (US) Week’s Change Gold* $337.55 + $0.40 Silver* $ 3.90 + $0.11 Platinum* $362.00 + $1.40 Nickel** $ 2.70 – $0.03 Lead** $ 0.19 $0.00 Copper $ 0.90 – $0.02 Zinc $ 0.47 + $0.02 Courtesy of Scotia…
News
Moneta drilling intersects base metals near Timmins
A recent drill hole by Moneta Porcupine Mines (TSE) on its Godfrey Twp. property near Timmins, Ont., has returned three metres of 10% zinc at a vertical depth of 107 metres. The hole was drilled to fo…
LETTERS TO THE EDITOR: Time to start fighting back
Your remarks in the editorial “Hug a miner”(T.N.M., Apr. 5/93) pertaining to the Whitehorse Initiative struck me as being a direct quote from my comment to the president of the Prospectors and Develop…
Diamond Fields springs to life
A new company with connections to Vancouver promoter Robert Friedland has been formed to acquire diamond properties around the globe. Diamond Fields Resources (VSE), formerly Rutherford Ventures, rece…
Dia Met ready to process samples
Diamond explorer Dia Met Minerals (TSE) will begin processing kimberlite samples stockpiled at its pilot plant in Colorado soon, says president Jim Eccott. Since the material must be thawed completely…
Barytex plans reorganization
A proposed combination with private company Romanex Resources would result in a change in control for Barytex Resources. The reorganization calls for Sutton Resources (VSE) to subscribe for 1.75 milli…
Altai raising working capital
Two private placements, worth a combined $300,000, have been negotiated by Altai Resources (TSE) with American investors. One placement involves 428,572 units at 35 cents per unit and the other 375,00…
Kennecott,Centurion in joint venture
A preliminary agreement enables Kennecott to earn a 51% interest in several properties of Centurion Mines (NASDAQ). Most are in the vicinity of the Silver City townsite and Sunbeam mine, south of Eure…
Canadian systems on exhibit at trade show in Germany
Canada will be well represented at next month’s Geotechnica trade show for geosciences and technology in Cologne, Germany. The country will, in fact, be the second-largest foreign exhibitor, with more…
Activities report available
The annual Report of Activities (1992 edition) is available at mining recorders’ offices across Ontario. Featuring 107 pages of maps, charts and articles, the Report contains a record of mining, devel…
Praxair wins safety awards
A gas supplier to Canadian mines, Praxair Canada of Mississauga, Ont., has won two major safety awards from the Compressed Gas Association of Arlington, Va. The Leonard Parker Pool Safety Award honors…
Hecla sets safety record
A safety record has been set by Hecla Mining. The company’s Republic gold mine in northeast Washington state experienced no lost-time accidents in all of 1992. In fact, the last accident resulting in …