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…
News
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…
Survey business about more than money
On November 28, the banks placed Aerodat, a well-known airborne geophysical surveying firm, into receivership. The extent of the damage to our industry was far-reaching in that people are out of work,…
OBITUARY — William Murray Telford
William Murray Telford, professor emeritus of mining engineering at McGill University, has died. He was 81.Born in Ottawa, Ont., Telford obtaining a degree in physics from McGill in 1939. At the outbr…
DIAMOND PAGE — Namco readies sea-floor crawler
Initial tests of the NamSSol seabed crawler in the North Sea have proven successful, reports Namibian Minerals (NMR-T).Certain modifications need to be made to the diamond mining vessel’s launch and r…
STOCK MARKETS — Western markets gain a little, lose a little — Voisey’s juniors head north; other Canadian explorers also fare well
The Vancouver Stock Exchange composite index dropped 23.95 points, or 3.8%, over the report period ended Dec. 9 to close at 607.40. The mining index continued its slide, falling 21.82 points, or 4.2%,…
STOCK MARKETS — Bumpy ride for golds as TSE moves higher — No end in sight to gold-price agony; index loses another 6%
The Toronto Stock Exchange made strong gains during the report period Dec.3-9, led by the banks and media stocks. The TSE 300 index composite index closed at 6,766.99 on Dec. 9, adding 99.53 points, o…