Antares drilling three Zimbabwean properties
Drilling by Antares Mining and Exploration (TSE) between the 150- and 610-metre levels of the Black Cat zone has resulted in an inferred resource estimate of 250,000 tonnes averaging between 4.35 and …
1994
OBITUARIES — R. Hewton, C. Westerman and Robert Rivera
A helicopter crash on March 24 claimed the lives of Robert Hewton, 47, and Christopher Westerman, 49. The well-known Canadian exploration geologists died in Ecuador where they were evaluating mineral …
Metals, minerals sub-index continues to rise in February
The metal and mineral sub-index of Scotiabank’s commodity price index rose again in February alongside firmer prices for base metals. London Metal Exchange (LME) copper prices have strengthened from a…
LAST BUT NOT LEAST — Minefinders outlines four gold zones
Vancouver-listed Minefinders has outlined four gold zones on its two properties in Randolph Cty., N.C. A 5,000-ft. program of reverse circulation drilling on the Sawyer property confirmed the existenc…
Aurizon posts first revenues
Junior gold producer Aurizon Mines (TSE) reported revenues for the first time in its history. In 1993, total revenue was more than $5.7 million, representing six months of operations from the company’…
Fewer garimpeiros active in Brazil
Two studies by Brazil’s national mining department indicate a sharp decline in garimpeiros activity. The U.S. Bureau of Mines reports that the number of garimpeiros in Brazil has fallen to 400,000 fro…
THE DIAMOND PAGE — DHK group in merger discussions,
Although it is only a matter of months before Kennecott Canada releases results from its bulk sampling program on the Tli Kwi Cho (DO-27) kimberlite, several of the major’s junior partners are continu…
Minera Rayrock discovers three new copper oxide zones
Three new shallow copper oxide zones have been discovered by Minera Rayrock (TSE) on the company’s Sierra Valenzuela copper property in Chile. The Esperanza, Brac and Ancla were discovered with a shor…
BGR increases net asset value
Year-end results for 1993 were reported by BGR Precious Metals (TSE), a closed-end investment firm specializing in precious metals investments. BGR had an increase in net assets to $93.5 million for t…
STOCK MARKETS — Market uncertainty shaves 20 points off
Continuing uncertainty on major markets combined with a US$6-per-oz. drop in the price of gold to the US$378 level left the Vancouver Stock Exchange resource index down over 20 points at 1,793.13. The…
Spot prices at a glance (April 18, 1994)
Week’s Price (US) Change Gold* $379.20 – $5.90 Silver* $ 5.34 – $0.19 Platinum* $398.75 – $9.00 Nickel** $ 2.52 + $0.03 Lead** $ 0.21 + $0.01 Copper $ 0.85 $0.00 Zinc $ 0.43 + $0.01 Courtesy of Scotia…
Mapping school for Laurentian
The geology department of Laurentian University in Sudbury, Ont., and the Ontario Geological Society (OGS) will establish a co-operative graduate Mapping School program. The program is intended to tra…