1993

Thunderwood, Aur in joint venture — New Jones Hill

The Jones Hill volcanogenic massive copper-zinc sulphide deposit north of Albuquerque in north central New Mexico will be explored by Thunderwood Resources (TSE) and Aur Resources (TSE) under a joint …


Cornucopia bids for Minerex

Flush with cash after the sale of a 25% interest in the Ivanhoe property to Newmont last year, Cornucopia Resources (TSE) recently entered an agreement-in-principle with Canada Tungsten Mining (TSE) t…


MSV to purchase Westminer assets

An agreement in principle has been reached between MSV Resources (ME) and Westminer Canada whereby MSV will purchase certain assets of Westminer, including the Copper Rand and Portage mines and the co…


Woolgar joint venture expands territory

New prospecting permits have expanded the area of interest of the Woolgar joint venture in the Northwest Territories to 300,000 acres, Rhonda Mining (ASE) reports. Rhonda’s partner in the copper ventu…


Skyline restructures its bank debt

Former gold producer Skyline Gold (TSE) released details of an agreement to settle $2.6 million of debt to the Royal Bank of Canada. The company will make an immediate payment of $739,500 to the bank,…


Placer verges on 2 million oz.

Low-cost mines in Papua New Guinea and operating improvements at several North American mines enabled Placer Dome (TSE) to more than offset last year’s 7% drop in the average gold price to US$344 per …


FINANCING (February 22, 1993)

Dryden Res. Corp. — 1,000,000 shs. with a minium subscription of 1,000,000 shs. @ 60 cents per sh. Stow Res. Ltd. — 700,000 shs. @ 80 cents per sh.


TORONTO STOCK EXCHANGE INDICES (February 22, 1993)

Composite”300″3410.50 3442.19 3445.55 3443.17 3442.09 4009.47 3009.91 Metals&Minerals 2889.89 2927.23 2931.90 2947.11 2950.35 3453.06 2502.63 Integrated Mines2961.95 3033.64 3040.35 3058.59 3066.52 36…


PRODUCER PRICES (February 22, 1993)

ALUMINUM: MW U.S. market US55-56 cents per lb. (Feb. 4, 1993). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992). CAD…


Canmine detects gravity anomaly

Canmine Resources (CDN) says a gravity anomaly recently detected on its Fer property in Manitoba suggests polymetallic mineralization intersected there last winter has a minimum strike length of 500 m…


Ocean drilling withdrawal by Canada sparks furor

Canada’s decision to pull out of a major international ocean drilling effort has put the collaborative program in jeopardy and cut the mining industry off from a valuable source of exploration researc…


Wayside drilling continues

Underground drilling at the Wayside mine near Goldbridge, B.C., is continuing in an effort to test the former producer’s future potential. Joint venture partners Wayside Gold Mines (VSE) and Brigadier…


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