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…
1993
STOCK MARKETS — DHK sparkles as investors await WO drill
Despite a leveling of bullion at the US$353 level, Western markets continued their rapid ascent, with the Vancouver Stock Exchange composite index up over 34 points at 918.56 and the resource index ju…
Hemlo Gold’s Giant mine boosts quarterly output
Gold production increased by 9% to 132,700 oz. in the first quarter compared with the same period last year, Hemlo Gold Mines (TSE) reports. The company, in which Noranda (TSE) has a 45.6% interest, a…
Inco Alloys reducing staff
The alloys business unit of Inco (TSE) is being reorganized. The workforce of Inco Alloys International (IAI) is to be cut by about 340 people (about 12%) in 1993. In the U.S. and the U.K., IAI produc…
Push on to boost Izok Lake reserve
As the 1993 field season gets under way at Izok Lake in the Northwest Territories, a priority will be increasing the zinc-copper deposit’s reserve base, said Klaus Zeitler, president of Metall Mining …
NEWS ROUNDUP — Labs test sample from Tiomin property
A sample of heavy mineral concentrate from the Natashquan, Que., property is being tested at five laboratories in the U.S., Australia and Canada, reports Tiomin Resources (ME). The tests, to be comple…
NEWS ROUNDUP — Lac income falls with gold price
Lower gold prices reduced first-quarter earnings to $600,000 from $3.7 million last year, reports Lac Minerals (TSE). Although the gold-producer slashed cash production costs to US$200 per oz. from US…
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…