Midas partners boost exploration budget
By year-end, partners Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) expect to have received a prefeasibility study on the Rex-Grande deposit in Nevada.Eight rigs are drilling the Rex-Grand…
News
Wilanour shareholders sink Goldcorp deal
A deal that would have seen Wilanour Resources (WLR-T) sell its Cochenour mine and mill east of Red Lake, Ont., to Goldcorp (G-T) failed to win shareholder approval at the former’s annual meeting.Unde…
Impact Minerals explores gold anomaly at Eagle Mountain property in Guyana
At the Eagle Mountain gold property in Guyana, geochemical work by Impact Minerals (IPT-V) has outlined an open-ended gold anomaly covering old workings and a known vein occurrence.The company’s explo…
EDITORIAL — An unfair advantage
Almost every major discovery in the past decade — from the Eskay Creek gold deposit in British Columbia and diamonds at Lac de Gras to the Voisey’s Bay nickel-copper-cobalt deposit in Labrador — has…
ODDS’N’SODS — Mucking at the Aunor
Most English-speaking countries refer to the blasted rock of mining operations as “muck,” regardless of whether the rock is ore or waste.As the capacity of mills increased, a large percentage of mine …
Sudbury symposium to feature mining and mineral technology
A symposium scheduled for Sept. 30-Oct. 3 in Sudbury, Ont., will highlight advances in mining and processing technology, as well as improvements in environmental research.Entitled “Mining and Minerals…
PRODUCER PRICES (September 16, 1996)
ALUMINIUM: LME settlements US$1,427.50 per tonne (Sept. 10, 1996), alloy US$1,255 per tonne (Sept. 5, 1996).ANTIMONY: Composite free market, US$2,625 per tonne (Sept. 10, 1996).BISMUTH: Composite free…
THE DIAMOND PAGE — Trenching unearths diamondiferous gravels in central Africa
Trenching by partners United Reef (URP-T) and Trans Hex International (THXI-C) has uncovered diamond-bearing gravels along a bank of the Bangoran River in the Central African Republic.The discovery wa…
STOCK MARKETS — Speculation weakens western resource index
The Vancouver Stock Exchange composite index slipped 18.11 points over the report period ended Sept. 10 to close at 1,215.54. The resource index fell even farther, dropping 94.07 points to finish at 2…
STOCK MARKETS — Gold issues sink on Toronto market
The Toronto Stock Exchange traded heavily but went virtually nowhere in the period Sept. 4-10, closing at 5,147.12, up 4.77 points from the previous week. The average daily volume was in the range of …
TSE short positions (September 16, 1996)
Short positions outstanding at August 31, 1996Larger individual positions included: Barrick Gold 9,911,619; Agnico-Eagle 235,653; Asia Pacific 150,425; Anvil Range Mining 526,920; Anderson Expl.335,80…
Laverton extends Rawas gold zone in southern Sumatra
Drilling on the Rawas gold project in southern Sumatra, Indonesia, has added about 550 metres of strike potential to the Berenai vein structure.Drilling north of the Berenai open pit, Laverton Gold (L…