Latest Dia Met finds leave analysts dazzled
The news from Dia Met Minerals’ (TSE) Lac de Gras diamond property in the Northwest Territories just keeps getting better. Results from core and surface samples on the company’s claim block indicate t…
News
Falconbridge intersects pyrite-rich sulphides
Drilling by Falconbridge on the “A” Group of property owned by White Star Copper Mines (CDN) northwest of the Kidd Creek base metal mine in the Timmins, Ont., area intersected heavy sulphide mineraliz…
No trump deal
An agreement to acquire a 100% interest in 993059 Ontario Inc. from Kenora Prospectors & Miners (CDN) and a Toronto investor group has been cancelled, Trump Reserve Minerals (ASE) reports. Trump also …
Prairie Creek stepout drilling expanding tonnage potential
Stepout drilling on the Prairie Creek mine project 300 miles west of Yellowknife, N.W.T., continues to expand the project’s tonnage potential. San Andreas Resources (VSE), the operator on the property…
Black Hawk purchasing Redstone nickel mine
Ownership of the Redstone nickel mine near Timmins, Ont., which closed in June, will change hands under a recent deal between Black Hawk Mining (TSE) and Timmins Nickel (TSE). For $150,000, Black Hawk…
Kingswood in property deals with majors
Kingswood Resources (ASE) has negotiated agreements with Kennecott Canada and Soquem on two of its gold and base metal properties in northern Quebec. Kennecott has an option to earn 100% interest in K…
EDITORIAL PAGE — Recessionary blues
The federal finance minister’s recent economic statement or “mini-budget” has its supporters and its detractors, the more vocal, apparently, being the latter. If anything, Donald Mazankowski’s stateme…
Caledonia sells Richmont shares
Net proceeds of about $1.5 million were realized by the sale of its 1.36 million shares of Richmont Mines (TSE), says Caledonia Mining (TSE). Richmont reported gold production of 14,162 oz. during the…
Orco to drill three properties
Quebec junior Orco Exploration (ME) has announced that it will commence drilling on three properties in the Rouyn-Noranda area of Quebec within the next few weeks. The first program will be undertaken…
HudBay plant costs soar, layoffs loom
The estimated cost of building a new zinc plant in Flin Flon, Man., has jumped to $171 million from $120 million, according to Hudson Bay Mining and Smelting’s (TSE) 1992 annual report. Although compa…
LATIN AMERICA ROUNDUP — Aronos expands Sonora holdings
Two additional purchases of claims have been made by Aronos Multinational (CDN) adjoining the company’s gold exploration property in the Mexican state of Sonora. The company, which recently completed …
PRODUCER PRICES (December 14, 1992)
ALUMINUM: MW U.S. market US54.50-55.25 cents per lb. (Dec. 4, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992…