Nfld. pushes nickel smelter
The Newfoundland government is pressuring Inco (N-T) to build a smelter and refinery to process nickel concentrates from its Voisey’s Bay project in Labrador, now in the permitting phase.”No smelter, …
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STOCK MARKETS — Metal stocks lift TSE past the 7,000 level — Higher nickel price boosts Inco shares
Fueled by strong performances in the gold and base metal sectors, the Toronto Stock Exchange 300 composite index rose 189.68 points, or 2.7%, to end the report period of Feb. 25 to Mar. 3 at 7,137.93….
EXPLORATION 1998 — Industry mines treasures based on GSC findings
A sizable portion of the research completed by the Geological Survey of Canada (GSC) over the past two years continues to be put to practical use by this country’s mining industry.For example, the Hop…
More high-grade silver for Yamana
Yamana Resources (YRI-T) has hit high-grade silver at its Santa Cruz project in southern Argentina.At the 44-sq.-km Bacon prospect, the company intercepted high-grade silver values that confirm encour…
EXPLORATION 1998 — Tex-Sol and Pentland nix merger — Pentland discovers new gold zone
A proposed merger between United Tex-Sol Mines (UTX-A) and Pentland Firth Ventures (PFO-T) has run off the rails.Pentland had offered to issue one of its shares for every two shares of United Tex-Sol,…
COMMENTARY — Silence isn’t golden
A series of high-level exchanges between gold producers and leading central bankers at the World Economic Forum in Davos, Switzerland, in early February enabled European central bankers to understand …
EXPLORATION 1998 — Morgain to drill Mexican find
Encouraged by the discovery of five new zones at a property in Mexico, Morgain Minerals (MGM-V) has started a trenching program to determine their dimensions and grade.This work will be followed by a …
EXPLORATION 1998 — Armistice retains firm for review
Armistice Resources (ACI-M) has retained Roscoe Postle Associates to conduct an independent review of exploration results from the Virginiatown gold property near Larder Lake, Ont.The junior says its …
PDAC to honor Rebagliati as top prospector of 1997
It is perhaps ironic that Mark Rebagliati will receive the Bill Dennis Award for Prospector of the Year for discoveries he made in British Columbia, a province in which exploration spending and develo…
EXPLORATION 1998 — Sunshine puts Pirquitas development in high gear
While the price of silver is robust, Sunshine Mining & Refining (SSC-N) is stepping up the pace of development at its Pirquitas silver-tin project in Argentina.The price of silver leapt past US$7 per …
Homestake shuts mill stream at Pinson
Homestake Mining (HM-N) and its partner, Barrick Gold (ABX-T), have decided to shut down the mill at the Pinson gold mine in Nevada in favor of processing the remainder of the oxide reserves by heap l…
Prospects improve for W. African titanium
Now that the worst seems to be over in war-torn Sierra Leone, the owners of the Sierra Rutile titanium mine are working on a rebuilding plan.Sierra Rutile (SRL), an equal partnership between Nord Reso…