LETTERS TO THE EDITOR — Aviator had many firsts
It was interesting reading the Odds ‘n’ Sods story “The San Antonio gamble” (T.N.M., Apr. 19/93). I wish to add that Capt. A.H. Farrington flew out the San Antonio mine’s first gold brick to the railh…
News
LATIN AMERICA ROUNDUP — Miramar completes Cuban acquisition
Shareholders of Matlock Mining of Australia have approved the sale to Miramar Mining (VSE) of Matlock’s interests in two Cuban projects. Miramar now holds a 50% interest in the Hierro-Mantua copper le…
Huckleberry drilling confirms new zone of mineralization
Drilling on the Huckleberry property near Kemano, B.C., has confirmed the presence of a new zone of copper mineralization about 4,000 ft. east of the main deposit. New Canamin Resources (VSE) discover…
Copper price in decline
Copper, one of the few industrial metals to maintain its value in the current depression, has lost its shine and suffered steep reverses in recent weeks. The metal recently reached a five-and-a-half-y…
St. Genevieve targets metals in mine tailings
Confident that it is on the heels of an environmental breakthrough, St. Genevieve Resources (TSE) has cast its first ingot containing gold and silver ore at its Norebec-Manitou pilot recycling plant. …
Roxmark option
Roxmark Mines (TSE) is negotiating an option agreement for 32 claims in Odlum Twp. in the White River area of northern Ontario. Any agreement is subject to a due diligence review and regulatory approv…
Island Copper mine to close in 1996 — Garbage dump proposed
Tucked away in the tranquil fjord country of northern Vancouver Island, the Island Copper mine of BHP Minerals Canada is becoming the focus of some unfamiliar media attention. This large open pit has …
Caledonia, Falconbridge Gold report Zimbabwe gold find
The first phase of an exploration program near the town of Kwe Kwe, Zimbabwe, has turned up a gold discovery, Caledonia Mining (TSE) and its 48%-indirectly-owned subsidiary, Reunion Mining (Zimbabwe),…
Starmin, Adex sample anomaly
Encouraging preliminary results were received from rock-chip sampling one kilometre west of the Asia Pacific copper porphyry deposit in the Philippines, partners Starmin Mining (TSE) and Adex Mining (…
Correction (May 03, 1993)
Although a recent Burns Fry report rates the impact of a proposed royalty on Glamis Gold (TSE) as “severe” (T.N.M., April 26/93), the rating applies only if a royalty is placed on all U.S. reserves, i…
Metal Prices — FREE MARKET (May 03, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr. 27 Apr. 26 Apr. 23 Apr. 22 Apr. 21 Copper 1198-1199 1192-1193 1191-1192 1205-12…
Deak reports loss in 1992
Citing low gold prices and a decrease in gold production and grade at its Kerr mine near Virginiatown, Ont., Deak Resources reported a net loss of nearly $8 million in 1992. That compares to a profit …