Donner explores ground near Lac Rocher project
In the Lac Rocher area of Quebec, Donner Minerals (DML-V) is exploring ground it has optioned from Falconbrige (FL-T) and Noranda (NOR-T).The $1-million field program will consist of geologi…
News
Seahawk plans emerald mine in Brazil — Gross revenue projected to reach US$30 million per year
With encouraging drill results and a strong prefeasibility study, Seahawk Minerals (SKM-V) is moving ahead with development of its emerald project in eastern Brazil.The Englewood, Colo.-based company …
LETTERS TO THE EDITOR — Blame Grits for gold’s woes
The recent precipitous drop in the price of gold is both damaging to some investors and alarming to the wider public.For centuries, gold has been an important yardstick by which we measure the wealth …
EDITORIAL & OPINION — FACTS ‘N’ FIGURES — Canadian spending drops
Final figures for 1997 show that exploration and deposit appraisal expenditures in Canada totalled $820.2 million, compared with $894.8 million in 1996, a drop of nearly $75 million.According to Natur…
Kvaerner to upgrade Thompson copper facilities
The engineering and construction arm of London-based Kvaerner has been awarded a $9-million contract to upgrade the copper production facilities at Inco’s division in Thompson, Man.The 3-stage project…
MOST ACTIVE ISSUES, June 23-28
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MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Firmer metals propel producers
The Dow Jones industrial average fell slightly during the report period ended June 28, closing down 66.48 points, or 0.6%, at 10,655.15.Metal producers perked up as the price of both copper and gold s…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Winspear leads as VSE posts modest gains
During the holiday-shortened report period ended June 28, the Vancouver Stock Exchange composite index tacked on 5.75 pointts, or 1.35%, to close the week at 430.48. The mining index rose 3.70 points,…
DIAMOND PAGE — Kennecott seeks diamonds near Wawa
Encouraged by northern Ontario’s newfound diamond potential, Kennecott Canada Exploration has signed a deal to earn majority interests in properties comprising more than 200,000 ha near the town of Wa…
Cross Lake finds new horizon
Drill-testing of down-hole conductors has led to the discovery of a second zinc-silver horizon at the Sheraton massive sulphide project in Timmins, Ont., reports Cross Lake Minerals (CRN-V).Starting 6…
Meetings (July 05, 1999)
July 5 Celtic July 5 Jourdan July 6 Blue Gold July 6 Melanesian July 6 Telford July 7 Victory July 8 Fairhaven July 8 Kicking Horse July 8 Polymet July 8 Rhonda July 8 Ste-Genevieve July 9 Bren-Mar Ju…
BHP pulls plug on mines
Australia’s Broken Hill Proprietary (BHP-N), the second-largest copper producer in the world, will close its North American operations as a result of persistently low prices for the red metal.The anno…