Homestake makes $100,000
Higher production pushed Homestake Mining (HM-N) into the black during the second quarter of 1999, despite poor gold prices.The company earned US$100,000 in the 3-month period, compared with a loss of…
News
NA Palladium ups Lac des les resource
The world’s largest open-pit palladium deposit, and Canada’s only primary producer of the metal, just got bigger.The Lac des les mine of North American Palladium (PDL-T) is situated near Thunder Bay,…
Afriore, Iamgold to test for gold
Afriore (AFO-V) and Iamgold (IMG-T) have signed a tentative joint agreement to test an area in South Africa with the potential to host extensive Witwatersrand-type gold mineralization.The area contain…
SUPPLIERS NEWS ROUNDUP — BLM awards minerals educators
Golden, Colo.-based Mineral Information Institute (MII) has received an award from the U.S. government for its efforts to educate U.S. school children about mining and minerals.The Excellence in Educa…
SPOT PRICES (August 16, 1999)
Precious MetalsPrice (US$/oz.)ChangeGold$256.90-$0.60Silver$ 5.34+$0.14…
Freewest raises drilling funds
Junior Freewest Resources Canada (FWR-M) has raised $245,000 to explore two gold properties in New Brunswick.The funds were raised through a private placement of 980,000 treasury shares priced at 25 c…
EDITORIAL & OPINION — NEW HORIZONS — Silver aids in burn therapy
Silver ion therapy helps rebuild tissue and, since its introduction 10 years ago by a New York-based scientist, has been used on a limited basis in a clinical setting at Mountain Medical Specialties i…
Aur Res. enjoys strong quarter
Aur Resources (AUR-T) has reported higher quarterly earnings, thanks to better operating performances at the Louvicourt and Andacollo mines.For the three months ended June 30, the copper miner netted …
EDITORIAL & OPINION — GEOLOGY 101 — Redbed copper deposits, Part 2
Sedimentary redbed deposits are relatively small, and few are ever brought into production. There are no such mines in Canada, though deposits do occur in Nova Scotia and New Brunswick. Around the wor…
SUPPLIERS NEWS ROUNDUP — Chopper company opens doors in north
A partnership between Tulita Land Corp. and Great Slave Helicopters will create one of the largest aboriginal joint ventures to date in the Northwest Territories.The company, to be called Sahtu Helico…
Vancouver site for museum
Considering the mining history of British Columbia, the Yukon and the Northwest Territories, it’s hard to believe that no mineral museum exists west of Ontario. That’s about to change as a result of t…
Major General tests targets
Having outlined two anomalies during a geophysical program, Major General Resources (MGJ-V) is preparing to carry out trenching and drilling on its Spider Lake base metal project near Schreiber, Ont.T…