1993

Although the current level of diamond exploration in Canada is unprecedented, the hunt began as early as 1863 after diamonds were found in glacial drift around the Great Lakes. Exploration was sporadi…

The diamond exploration team of Kennecott Canada is going ahead with a major bulk-sampling program this winter on the DO-27 kimberlite pipe discovered on claims held here by DHK Resources. Kennecott o…

The diamond exploration project of Dia Met Minerals (TSE) and BHP Minerals Canada has come a long way since the original option agreement was signed in August, 1990. BHP holds the right to earn a 51% …

Gold failed to provide a bounce during the week ended Sept. 14, pausing only momentarily at the US$350-per-oz. level before slipping US$5 per oz. to the US$345 level. The 180 degree turn in sentiment …

Having survived as a junior for more than a decade, Rea Gold (TSE) is establishing itself as an operating company with the ability to construct and manage mines. Headed by James Hogan and a new manage…

More than 30 mining companies with combined interests in 32 million acres of diamond exploration property across Canada have entered into share-purchase agreements with Caratax Diamond Exploration Ltd…

Sudbury, Ont.-based Jarvis Resources (VSE) has optioned four separate claims in Grigg and Scadding twps., raising to 19 its claim units in the area. Former work on the properties has identified units …

Diamond producer De Beers of South Africa reported a 42% increase in sales of rough diamonds to US$2.5 million during the first six months of 1993 compared with the same period last year. De Beers sai…

After the strong summer bull market, most precious metals have been losing ground as a result of profit-taking by speculators. The question is, after testing the downtrend line, will these metals even…

The auriferous zone at the Douay property of Northern Abitibi Mining (ASE) in northwestern Quebec has been traced for more than 2,600 ft. along strike. Drilling by Soquem, the Quebec Crown exploration…

The parent company of Audrey Resources (TSE) has agreed in principle to provide Audrey with a loan facility worth up to $17 million. The loan from Cambior (TSE) will allow Audrey, which is developing …

ALUMINUM: MW U.S. market US53.75-54.50 centsper lb. (Aug. 26, 1993). ANTIMONY: MW New York dealer US76-80 centsper lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992)…