METAL PRICES — FREE MARKET (November 28, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Nov 22 Nov 21 Nov 18 Nov 17 Nov 16 Copper 2835-2837 2875-2877 2879-2881 2893-2894 2913-2918 Lead 671.5-672.5 672.5-673.5 676.5-677.5 672…
1994
Nuinsco drill program at Rainy River gold project
Drills have begun turning on Nuinsco Resources’ (TSE) Rainy River gold project in northwestern Ontario. The program will test targets outlined by geophysical, geochemical and geological surveys. The R…
Geomaque ups reserves at Mexican deposit
Based on recent drill results and a new pit design, reserves at Geomaque Explorations’ (TSE) San Francisco gold deposit in Mexico have increased by 54%. Minable proven and probable reserves at the dep…
Minorco acquires Lisheen interest
The Lisheen zinc-lead deposit in Ireland will be developed by Minorco and Ivernia West. Following a decision in September by the Irish High Court in its favor, Ivernia acquired the 52.5% interest in t…
Great Lakes advances Lluvia de Oro
Development of a second gold deposit is in the works for Great Lakes Minerals (TSE). With cash flow expected by year-end from its 20%-owned Grouse Creek gold mine in Idaho, the company has commissione…
Echo Bay exploring Mexican gold project
Exploration results from the Paredones Amarillos gold property in northwestern Mexico are providing encouragement for Echo Bay Mines (TSE) and Baja Gold (TSE). “Echo Bay has indicated to us that this …
NEWS ROUNDUP — West Fork gold values
Gold values are reported from a drilling program at the West Fork project in Guyana. Situated in the Cuyuni mining district, the project is owned jointly by Roraima Gold (VSE) and Golden Star Resource…
NEWS ROUNDUP — Cominco finds Turkish delight
Northeastern Turkey is the site of a new gold discovery by Cominco Resources International (TSE). Situated in the same geological setting as the nearby Saray property, the Rhodo prospect consists of t…
Lexam explores three areas
Junior Lexam Explorations (ME) is exploring within three regions of North America. In June, the company signed an agreement with BHP Minerals Canada for the joint exploration of Lexam’s Mackenzie gold…
EXPLORATION ’94 — Lithos receives promising results
Montreal-listed Lithos stands a good chance of being able to produce high-grade lithium oxide at its Sirmac property near Chibougamau, Que. Air flotation column tests by Centre de Recherche Minerale d…
Athabaska tallies Nicholas tonnage
Having recently carried out underground drilling at the Nicholas Lake property near Yellowknife, N.W.T., Athabaska Gold Resource (TSE) is recalculating the resource. Intersected widths ranged up to 59…
PRODUCER PRICES (November 28, 1994)
ALUMINUM: MW U.S. market US89.5 cents-90.5 per lb. (Nov. 11, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Sept. 29, 1994). BISMUTH: MW New York dealer US$3.90-4.20 per lb. (Oct. 27, 1994)…