New contract at David Bell
Workers at the David Bell gold mine, owned jointly by Teck (TSE) and Homestake (TSE), recently ratified a new 3-year collective agreement. Highlights of the contract include a 7% wage increase over th…
News
PEOPLE — CRYPTIC VENTURES (February 22, 1993)
Murray Pezim appointed chairman of the board; Naren Majithia appointed director.
LATIN AMERICA — Durango’s Barrancas region a potential new
Only in a few areas of Mexico is gold the major ore in the local economy. One of these areas is in Durango state, between the towns of Pueblo Nuevo and Jocuistle in a geological region known as “Barra…
LATIN AMERICA — Minera encounters mineralization
Widespread copper mineralization was encountered with grades of 1.5-2% dominantly copper oxide over widths of 20-60 metres at the Sierra Valenzuela property in northern Chile, Minera Rayrock (TSE) rep…
LATIN AMERICA — Great Basin in deal with Fischer-Watt
Nevada-based Great Basin Exploration & Mining recently signed a letter of intent to joint venture the Santa Lucia property owned by Fischer-Watt Gold (NASDAQ). The property is a 45.5-sq.-km concession…
Hemlo Gold lowers operating cost, increases production in
Gold production in 1992 increased to 492,000 oz. at an average cash operating cost of US$125 per oz., compared with 469,000 oz. in 1991 at US$133 per oz., Hemlo Gold Mines (TSE) reports. Gold output f…
Mining directory
Randol Mining Directory 1993/1994. Published by Randol International Ltd. 21578 Mountsfield Drive, Golden, Colo 80401. 736 pages. More than 10,000 contacts at mining and exploration companies are list…
Soquem drilling cuts copper values
The first three holes have been completed by Soquem in its exploration program on Corner Bay Minerals’ (TSE) copper property near Chibougamau, Que. These are infill holes on the shear zone which hosts…
Aber to continue drilling High Lake
Vancouver-based Aber Resources (TSE) says it will complete 4,000 metres of drilling on the High Lake copper-zinc project in the Northwest Territories this year. The property, 65 km from the Arctic coa…
STOCK MARKETS — Market dips, gold rises after presidential
It’s amazing what effect a few words from a political leader can have on stock markets. When U.S. President Bill Clinton previewed his plans on national television to reduce his country’s deficit, the…
STOCK MARKETS — Gold discovery news fuels activity on
The gold potential of Venezuela and the gold and diamond potential of the Northwest Territories continued to drive investor interest on western markets during the period ended noon today, Feb. 17. But…
GOLD FUNDS (February 22, 1993)
BGR Central Net Value $8.83 $5.05 Price $6.88 $4.75 Discount 22.14% 5.9% Value $49,462,000 $79,915,425…