News


NEWS ROUNDUP — Falconbridge to appeal fines

A toxic gas leak in the Sudbury, Ont., area during the summer of 1990 has cost Falconbridge $180,000 in fines. The nickel-copper producer was convicted in a Sudbury court on six of nine counts under t…


William evaluates drilling results

A 13-hole program on the Clementine property in Grevet and Franquet Twps., about 30 km north of Lebel sur Quevillon, Que., did not intersect any significant base metal or gold mineralization, William …


Dundee, Placer in business venture with CMP, Plexus

A numbered company owned 50/50 by Dundee Bancorp (TSE) and Placer Dome (TSE) has reached agreement-in-principle with CMP Resources (ME) and Plexus Resources (TSE) to form a new company. Robert Buchan …


Miramar increases interest in Cuban projects

An additional 25% interest in two Cuban properties has been acquired by Miramar Mining (VSE) from Matlock Mining of Australia. The Vancouver junior now owns 50% of both the Hierro-Mantua copper leach …


Awards presented at Mining Week

For the fourth straight year, the Highland Valley Copper mine has been honored as British Columbia’s safest mine. The award was presented during the province’s Mining Week by Mines Minister Anne Edwar…


Drilling advances Bajo prospect

Recently completed drilling on the Bajo de la Alumbrera copper-gold project in northwestern Argentina has International Musto Exploration (TSE) confident that reserves and grade will be increased. Min…


Exall issues special warrants

Toronto-based junior Exall Resources (TSE) is issuing a private placement of 3.32 million special warrants at $1.50 each to raise a total of $4,980,000. Each special warrant will entitle the holder to…


INSIDER TRADING — Rhonda insider buys on drilling

About the time Rhonda Mining (ASE) resumed drilling in the Fort a la Corne diamond area of Saskatchewan, Chairman John Alston raised his stake in the junior by 35%. According to the Ontario Securities…



Spot prices at a glance (March 22, 1993)

Week’s Price (US) Change Gold* $328.65 + $2.15 Silver* $ 3.66 + $0.09 Platinum* $348.45 + $3.45 Nickel** $ 2.68 – $0.04 Lead** $ 0.18 – $0.01 Copper $ 0.98 + $0.01 Zinc $ 0.45 $0.00 Courtesy of Scotia…


Gold Funds (March 22, 1993)

Gold Funds as of Mar. 16 BGR Central Net Value $8.84 $4.87 Price $6.88 $4.50 Discount 22.25% 7.6% Value $48,528,000 $75,709,350…


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