Agnico funds expansion
The planned expansion of the LaRonde gold-copper mine in northwestern Quebec moved one step closer to reality recently, with Agnico-Eagle Mines (AGE-T) entering into a revolving bank facility with Bar…
News
Nuinsco drills at Lac Rocher (September 06, 1999)
Junior Nuinsco Resources (NWI-T) will drill-test 23 massive sulphide targets at its Lac Rocher nickel-copper property in Quebec. The anomalies were outlined by geophysical methods.At Confederation Lak…
Echo Bay pulls in exploration reins to focus on mines
Gold producer Echo Bay Mines (ECO-X) intends to focus its limited exploration budget on North American projects viable at current low prices for the yellow metal.The strategy is aimed at acquiring ear…
Francisco extends El Sauzal
Francisco Gold (FGX-V) has completed a 9-month drill campaign at its El Sauzal project in Mexico’s Chihuahua state.Since November, the company has completed 64 core holes, bringing to 188 the total nu…
Exall slips into the red
Lower production and the depressed price of gold contributed to a second-quarter loss for Exall Resources (EXL-T).For the three months ended June 30, the junior miner lost $678,159 (or 2 cents per sha…
Sunshine buys Mexican property
Sunshine Mining & Refining (SSC-N) has acquired the Juanicipio silver property in Zacatecas state, representing the company’s first foray into Mexico.The 28,000-ha concession is next to the Fresnillo …
Companies (September 06, 1999)
Acadia Uranium MinesAgnico-Eagle MinesAmbrex MiningAnglo AmericanArabian Shield DevelopmentAsarcoAshanti GoldfieldsAtacama MineralsAurado ExplorationAurizon MinesAvalon VenturesBear Explora…
Atacama boosts iodine resource
Additional exploration has increased the size of the iodine resource at the Aguas Blancas property, reports owner Atacama Minerals (AAM-V).The Aguas Blancas project comprises 22,000 ha in northern Chi…
Highland Valley set to go
Union workers at Canada’s largest copper mine, Highland Valley Copper, near Kamloops, B.C., have voted 86% in favour of a 5-year offer that ties wages to the price of copper.The deal ends a stalemate …
Eastmain drills at Bathurst
Eastmain Resources (ER-T) has begun a 2,000-metre drill program on its Tingley Brook property, near Bathurst, N.B. The project comprises 190 claims in the southern portion of the Bathurst mining camp….
Cominco makes discovery
Drilling by Cominco (CLT-T) has revealed high-grade, zinc-lead mineralization 6 miles north of the company’s Red Dog mine in northwestern Alaska.The results point to a flat-lying zone that is still op…
EDITORIAL & OPINION — FACTS ‘N’ FIGURES — Gold demand on the rise
Gold demand continued to increase in the second quarter of 1999, according to a report from the World Gold Council.Total demand in 27 markets was 809.5 tonnes, up 16% over the second three months of 1…