Gold price appears to be holding
After steadily rising over the past few weeks, the price of gold has settled to above US$350 at press-time. But, the question on everyone’s mind is whether the yellow metal can hold the recent gains. …
1993
Changes under way at Ontario Hydro
Plans under way to overhaul giant utility Ontario Hydro will not be a “one-shot change,” says Chairman Maurice Strong. Addressing a luncheon of the Toronto branch of the Canadian Institute of Mining, …
Drilling tests Stockade Mountain
Carlin Gold (ASE) has released results from seven reverse circulation holes drilled to test a structural zone on the Stockade Mountain project in eastern Oregon. The assay of the drill cuttings follow…
Casa Berardi earnings flow
The gold deposits of Quebec’s Casa Berardi district are still generating healthy profits for Golden Knight Resources (TSE). The company reported earnings of $1.1 million for the first quarter, a signi…
Wrightbar options lithium property
Wrightbar Mines (ME) has optioned three lithium properties in northeastern Quebec from Abitibi Lithium Corporation, a private company in Val d’Or, Que. Abitibi will receive $25,000 in cash, 2.2 millio…
Francoeur’s a little mine with a big profit
er the past half-dozen years, Jean Guy Rivard has patiently built a little gold mining company. Its head office is not on Toronto’s Bay Street or Vancouver’s Howe Street. stead, Rivard and his company…
Former producer used for mining research
New life has been breathed into the old Beacon mine, a copper-gold producer, 16 km east of here, which operated between 1922 and 1933. These days, the property is the home of an experimental mine belo…
Carson mobilizes exploration team
Armed with net proceeds of $5.9 million from a recent private placement, Carson Gold (VSE) is mobilizing a geologic exploration crew to begin work on a gold concession in the Kilometer 88 district of …
LATIN AMERICA ROUNDUP — Leach test for La Colorada
Eldorado (VSE) has recovered 1,300 oz. gold from a recent bulk leach test on the La Colorada property near Hermosillo in northwestern Mexico. Information gathered from the 33,000-ton test will be used…
METAL PRICES — FREE MARKET (May 10, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 4 May 3 Apr. 30 Apr. 29 Apr. 28 Copper 1164-1165 N/A 1189-1190 1176-1177 1188-11…
NEWS ROUNDUP — Prairie Creek drilling
Step-out drilling at the Prairie Creek project in the Northwest Territories continues to return massive sulphide zinc-lead-silver mineralization. San Andreas Resources (VSE), currently earning a 60% i…
PRODUCER PRICES (May 10, 1993)
ALUMINUM: MW U.S. market US51.50-52.50 cents per lb. (Apr. 29, 1993). ANTIMONY: MW New York dealer US78-82 cents per lb. (Mar. 11, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 199…