Ariel acquires adjacent ground
Costa Rican gold producer Ariel Resources (VSE) has increased substantially its reserve position by acquiring the San Martin property adjacent to its Tres Hermanos mining operation. Ariel says it paid…
News
NEWS ROUNDUP — Positive results at Prairie Creek
More assay results were released by San Andreas Resources (VSE) from its Prairie Creek Mine property 300 miles east of Yellowknife, N.W.T. Hole 92-10 returned 69.2 ft. grading 4.78% lead, 10.46% zinc …
Southern Africa attracts juniors
Southern Africa, home of some of the world’s largest diamond mines, has attracted several Canadian juniors aiming to become overnight diamond producers. Near Kimberley, South Africa, Stow Resources (V…
LATIN AMERICA — Arauco plans drill programs for two Chilean
While still in the private company stage, Arauco Resources (VSE) acquired 100% of 21 mineral properties in southern Chile. They include potential bulk minable gold properties as well as disseminated c…
Metal Prices — FREE MARKET (February 08, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb. 2 Feb. 1 Jan. 29 Jan. 28 Jan. 27 Copper 1536-1537 1521-1522 1497-1498 1493-1494…
NEWS ROUNDUP — Starmin, Hellens deal with Falconbridge
A letter of intent to explore for massive sulphides near the town of Cobalt, Ont., has been signed by project partners Starmin Mining (TSE) and Hellens Eplett Mining with Falconbridge. Falconbridge ma…
NEWS ROUNDUP — Agnico finances Goldex purchase
To finance the acquisition of the remaining interest in the Goldex gold deposit in Quebec, Goldex Mines (TSE) has issued 1.78 million flow-through shares at $1.15 to parent Agnico-Eagle Mines (TSE). T…
NEWS ROUNDUP — Dundee to reduce company’s holdings
In connection with an issuer bid by its subsidiary DCC Equities to its minority shareholders, Dundee Bancorp (TSE) plans to reduce its direct and indirect investments in Black Hawk Mining (TSE), Break…
CORPORATE TRENDS — Placer to increase copper output
Placer Dome the gold producer has resolved to become Placer Dome the gold-copper producer. The shift recognizes there is money to be made in future years from copper, a building block for world develo…
CIM receives $3,500 in grant
A grant of $3,500 goes to the Canadian Institute of Mining, Metallurgy and Petroleum’s Mineral Economics Society, says Ontario’s Northern Development and Mines Minister Shelley Martel. “The society su…
Cominco makes production cutbacks
Faced with rising zinc inventories and falling prices, Cominco (TSE) announced temporary shutdowns at its Trail smelter and Sullivan mine in southern British Columbia. The company plans to reduce zinc…
ODDS ‘N’ SODS — On the `Road to Resources’
When we completed the 200 miles of access road from Watson Lake, Yukon, to Canada Tungsten’s mine site in the Northwest Territories, we were surprised at the variety of traffic over the route. It was …