ODDS’N’SODS — The benefits of mining
Mine-finding is perhaps the most difficult and financially hazardous task undertaken in the industrial world. Success requires supreme dedication or phenomenal luck, or some part of both. Few people u…
1994
TVX buys stake in Czech property
Toronto-based TVX Gold (TSE) has acquired a 90.5% equity interest in a Czech company which holds the Kasperske Hory gold property. Situated 160 km southwest of Prague in the Czech Republic, the proper…
BOOK REVIEW — Ontario’s rocks
Rock ONtario, published by the Ministry of Northern Development and Mines. Contact: Mines and Minerals Information Centre, Room M2-17, Macdonald Block, 900 Bay St., Toronto, Ont. M7A 1C3, or Publicati…
U.S. Congress fails to reform 1872 Mining Law
Intense lobbying from mining companies and the impending end of the congressional session in the U.S. have sunk efforts to rewrite that country’s 122-year-old Mining Law. In late September, frustrated…
10 (October 10, 1994)
Consistent with its objective of becoming a pure silver company, Pan American Minerals (TSE) is acquiring two undeveloped silver properties in the U.S. from Asarco (NYSE). The principal property is th…
PEOPLE — MINORCO
Orin Smith and Josef Oppenheimer appointed directors.
LETTER TO THE EDITOR — Silver price headed much higher
A new study about silver (T.N.M., Sept. 26/94) by the British firm Metals & Minerals Research Services (MMRS) paints a bleak outlook for the rest of the decade. According to the study, silver prices a…
PEOPLE — AMERICAN GEM (October 10, 1994)
Robert Kane appointed vice-president and director of international exploration; Londell Faught appointed vice-president and chief financial officer; and Edward Mihelich appointed vice-president and ch…
DIAMOND PAGE — Drilling intensifies as Camsell Lake partners
Drilling is under way at the Camsell Lake project in the Northwest Territories, with the first 1,000-ft. hole now half-completed. The hole was collared in kimberlite at a 45 angle and reportedly is st…
Spot prices at a glance (October 10, 1994)
Week’s Price (US) Change Gold* $392.15 – $5.35 Silver* $5.60 – $0.10 Platinum* $417.50 – $1.90 Nickel** $2.90 – $0.02 Lead** $0.29 + $0.01 Copper $1.14 – $0.02 Zinc $0.47 + $0.01 Courtesy of Scotiaban…
Mutual busy in Ghana
Three deals concerning gold concessions in Ghana have been struck among Mutual Resources (VSE), EQ Resources (CDN) and Opawica Explorations (TSE). Mutual can acquire EQ’s interest in Ghana-based SETO …
Camnor drilling at Willoughby
Gold-silver results are reported from a 17-hole program on Camnor Resources’ (VSE) Willoughby project, east of Stewart, B.C. The junior is earning a half interest in Willoughby by spending $600,000 on…