Fatal accident at Heath Steele
Safety staff at Noranda’s (NOR-T) Heath Steele mine, about 50 km southwest of Bathurst, N.B., are investigating an explosion that took the life of miner Arthur Doucet on Nov. 4.Staff member Roger Clin…
News
STOCK MARKETS — Markets buoyant but mines take dive
With average daily volumes in excess of 100 million shares, and the banking, real estate, construction and industrial sectors leading the charge, the Toronto Stock Exchange’s TSE 300 composite index r…
COMMENTARY — Can mining thrive in B.C.?
The mining industry in British Columbia employs almost 10,000 people and supports another 20,000 there and across Canada. Many more depend, to some degree, on mining in the province. Lawyers, accounta…
Queenston pulls high-grade gold at McBean project
Drilling down-plunge from the McBean open pit, east of Kirkland Lake, Ont., Queenston Mining (QMI-T) has encountered several significant gold intersections, including one with a multiple-ounce grade.F…
STOCK MARKETS — VSE composite index gains some ground
The Vancouver Stock Exchange composite index had a better week than the previous one for the period ending Nov. 6, closing at 1,135.1, up 22.29 points from the last report period. The resource index r…
THE DIAMOND PAGE — Namco prepares for gem production
Keeping the third quarter of 1997 as its target production date, Namco (NMR-T) has arranged for the design and construction of a marine diamond mining system, to be used at its licence areas off the c…
BYG Natural Resources starts production at Mt. Nansen
Production from surface oxide ores is under way at the Mt. Nansen project of BYG Natural Resources (BYG-T).The project, near Carmacks, Y.T., will exploit a series of vein-type gold and silver deposits…
Great Central on track Down Under
Quarterly production from Great Central Mines (GTCMY-Q) shows that the company is progressing toward its goal of cranking out more than 500,000 oz.gold for the year.During the July-to-September quarte…
Spot prices at a glance (November 11, 1996)
Wednesday, November 6, 1996Price (US)Week’s ChangeGold*$377.90- $2.40Silver*$ 4.79…
Drilling at Skukum Creek returns best grades to date
The latest round of drilling at Omni Resources’ (ORI-V) Skukum Creek deposit, near Whitehorse, Y.T., yielded an 83-ft. intersection grading 0.673 oz. gold and 7.65 oz. silver per ton in the deepest dr…
Wolverine partners release assay results
A drill hole at the newly discovered Lynx zone at the Wolverine project in southeastern Yukon returned a true thickness of 13.8 metres grading 1.82 grams gold and 417 grams silver per tonne, plus 11.0…
Santa Cruz Gold intersects gold mineralization in Sinaloa
Drilling by Santa Cruz Gold (SCG-T) continues to intersect gold mineralization on its two properties in Sinaloa state, Mexico.At the Magistral property, a 15-hole program was carried out on the Samani…