GeoNova finds new zone at Chevrier
Discovery of a new zone south of the main deposit on the Chevier property near Chibougamau, Que., is expected to boost the project’s resources, reports GeoNova Explorations (GNE-M).Hole 126 intersecte…
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ODDS’N’SODS — The saga of the Granduc mine
I will never forget the day in 1978 when Treavor Hancock, supervisor of British Columbia’s Granduc copper mine, phoned to tell me that the roof of the mill had collapsed under the weight of ice and sn…
FACTS & FIQURES — Nevada pulls weight in production
Nevada produced an estimated $3.2 billion in minerals (including petroleum and geothermal energy) in 1995, matching the record set in 1994.It produced 6.8 million oz. gold worth $2.6 billion in 1995, …
ONRSA releases air-monitoring reference manual
The Ontario Natural Resources Safety Association (ONRSA) has released a manual describing the equipment required to conduct air volume surveys.The booklet, entitled Measuring Airflow, is the first rel…
Cyprus Amax coal mine sets record
Twentymile Coal, a subsidiary of Cyprus Amax Minerals, has set a world record for monthly coal production.The underground operation in western Colorado produced 893,108 tons of coal last month, breaki…
MOST ACTIVE ISSUES (September 23, 1996)
ExchgVol(000s)ClosePrior Res LtdA84530.24Bema GoldT…
Spot prices at a glance (September 23, 1996)
Wednesday, September 18, 1996Price (US)Week’s ChangeGold*$382.90- $0.25Silver*$ 5.
PRODUCER PRICES (September 23, 1996)
ALUMINIUM: LME settlements US$1,376 per tonne (Sept. 17, 1996), alloy US$1,212 per tonne (Sept. 13, 1996).ANTIMONY: Composite free market, US$2,625 per tonne (Sept. 17, 1996).BISMUTH: Composite free m…
STOCK MARKETS — Resource stocks take shine to Evening Session
The Vancouver Stock Exchange composite index finished the report period ended Sept. 17, up 13.66 points at 1,229.2, while the resource index rose 10.35 points to close at 2,357.16.The VSE became the f…
Greenstone secures Bonanza
Greenstone Resources (GRE-T) will boost to 100% from 80% its interest in the private Nicaraguan corporation Hemco-Nicaragua.Hemco-Nicaragua owns the Bonanza, Siuna and Rosita mining concessions, all o…
METAL PRICES — FREE MARKET (September 23, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateSept.17Sept.16Sept.13Sept.12Sept.11…
American Gem loses big in quarter
Sales of sapphires mined by American Gem (GEM-T) were not sufficient to offset losses incurred in the second quarter.American Gem lost US$1.75 million in the 3-month period ended June 30 (or US6 cents…