Miramar writes down Con mine
Sustained low gold prices have forced Miramar Mining (MAE-T) to write down the carrying value of several mineral properties, including the Con gold mine in the Northwest Territories, to the tune of $1…
News
NON-FERROUSAugust 1997August 1996
Refined copper41,662 tonnes47,558 tonnesPrimary copper53,174 tonnes58,507 tonnesRefined nickel11,573 tonnes9,143 tonnesPrimary nickel16,161 tonnes13,828 tonnesGold15.6 million grams14.4 mil…
Antares boosts resources
Operator Antares Mining and Exploration (ANZ-T) has revised resource estimates for two zones on its Ojolali gold property in Sumatra, Indonesia.Resources at the South Tambang zone now stand at 3.89 mi…
Francisco aims drills at Sauzal property
Junior Francisco Gold (FGX-V) has set up two diamond drill rigs at its Sauzal gold project in the northern Mexican state of Chihuahua.The $2-million program is expected to consist of 20 holes. During …
Gold, some base metal output up in September
Canadian production of gold, nickel, refined zinc and iron ore rose between September 1996 and September 1997. However, output of copper, asbestos, lead, and silver dropped over the same period.The st…
Samex completes financing
Proceeds of a $1-million private placement will be used by Samex Mining (sxg-v) to continue exploration and drilling on the Santa Isabel project in Bolivia.The company recently closed a 2-million spec…
Gabriel expands resource at Romanian gold project
The Rosia Montana gold-silver project in Romania is shaping up as one of Europe’s biggest.Operator Gabriel Resources (GBU-T) reports that an independent estimate on Rosia Montana pegged inferred miner…
Fairmile expands Buffalo Valley resource — Echo Bay monitoring drill program at Nevada property
Fairmile Gold (FLA-A) has reported encouraging results from a reconnaissance drilling program at its Buffalo Valley gold project in Nevada’s Battle Mountain trend.Reconnaissance drilling expanded, fro…
Alto, Noront hit sulphides
Partners Noront Resources (NOT-V) and Alto Minerals (ATO-V) have intersected sulphides in two holes on their Windfall property, near Lebel-sur-Quvillon, in northwestern Quebec.Collared on a surface sh…
COMMENTARY — B.C.’s plan for the future
British Columbia’s mining industry has developed a proposal called Mining Jobs 2000, a plan whereby government and industry work together to achieve the goal of meaningful job creation.The government’…
FACTS ‘N’ FIGURES — Palladium demand on rise
Supplies of palladium in 1997 stand at 5.65 million oz., well short of the demand of 7.44 million oz., according to a report published by London-based metals trader Johnson Matthey.The study, entitled…
Armenian moly producer searching for partner
Armenia’s molybdenum industry is on the rebound , and the country’s largest producer is seeking a foreign partner to help finance and build a new processing plant.Moly in the country is produced chief…