More gold at Meliadine
Further drilling by WMC International, a unit of Australian-based Western Mining, has outlined more mineralization at the Tiriruniak gold prospect, 15 km north of Rankin Inlet, N.W.T.The prospect, for…
News
Hinoba-an drilling hits copper zone
The latest diamond drill and reverse-circulation (RC) holes at the Hinoba-an project have allowed International Pursuit (IPJ-T) to expand its high-grade copper zone.The company continues to be encoura…
DIAMOND PAGE — Diagem eyes Brazilian project
Vancouver-based Diagem International Resources (DGM-V) has taken over Diagem Resources, a private Ontario company, and acquired a 50% stake in a Brazilian diamond mining, processing and marketing busi…
THE DIAMOND PAGE — DeBeers set to expand Orapa diamond mine
KAn agreement to double treatment capacity at the Orapa diamond mine in Botswana has been reached by DeBeers Centenary, the government of Botswana and diamond producer Debswana.The US$290-million init…
STOCK MARKETS — Bema leads pack in heavy TSE trading
It was summer outside, but trading levels on the Toronto Stock Exchange shot up to levels not usually seen except in RRSP season. Volumes were in the 70-to-90-million-share range, and the TSE 300 comp…
Gold, nickel output rises as silver and copper slip
Canadian production of gold and nickel in May 1996 rose over levels recorded during the same period last year. At the same time, a decline occurred in the output of silver and copper.Production of pri…
Correction (August 26, 1996)
In our coverage of United Keno Hill Mines (UKH-T) and its exploration of the Elsa properties in the Yukon (T.N.M., Aug. 19/96), we incorrectly reported that environmental and other permits had, for th…
TSE INDICES (August 26, 1996)
1996Aug 20Aug 19Aug 16Aug 15Aug 14HighLowComposit…
Spot prices at a glance (August 26, 1996)
Wednesday, August 21, 1996Price (US)Week’s ChangeGold*$387.45+ $0.35Silver*$ 5.21…
Drilling under way at Bear mining claims
A drill program will test the Bear mining claims in the Limonite Creek and Many Bear Creek regions of northern British Columbia.The drilling will test a portion of Hazelton Group volcanics believed to…
PRODUCER PRICES (August 26, 1996)
ALUMINIUM: LME settlements US$1,447.50 per tonne (Aug. 20, 1996), alloy US$1,264 per tonne (Aug. 15, 1996).ANTIMONY: Composite free market, US$2,750 per tonne (Aug. 20, 1996).BISMUTH: Composite free m…
Loma Hierro heads up Holmer’s portfolio
In Cuba, Holmer Gold Mines (HGM-A) is applying its exploration skills not to gold prospects, but to silver.The Loma Hierro silver deposit in Cuba is being pushed to a production decision by both Holme…