Homestake excited by discovery
Exploration near the Hueso gold mine in northern Chile has become Homestake Mining’s (NYSE) “top international priority” following the discovery of a new gold zone in the area.Homestake discovered the…
News
Fortune drilling program ignites land play in Northwest Territories
Another area play is under way, this time in the Mazenod Lake area, about 170 km northwest of Yellowknife, N.W.T.Fortune Minerals (CDN) is the centre of attention as it completes its drill program at …
PRODUCER PRICES (May 13, 1996)
ALUMINIUM: MW U.S. market US75.5-76.5 cents per lb. (May 3, 1996).ANTIMONY: MW New York dealer US$1.80-$1.90 per lb. (April 26, 1996).BISMUTH: MW New York dealer US$3.80-3.95 per lb. (April 26, 1996)….
THE DIAMOND PAGE — Redaurum reports startup at Kelsey Lake mine
The Kelsey Lake diamond mine in Colorado is poised to become North America’s first commercial diamond producer, having recently entered production.Mine owner Redaurum (TSE) expects Kelsey Lake to yiel…
Band-Ore extends mineralization (May 13, 1996)
Six more drill holes at the Thorne property of Band-Ore Resources (CDN) in Thornloe Twp., west of Timmins, Ont., have intersected gold on extensions of the mineralized structure.Most of the follow-up …
Lenora downgrades Box and Athona
Greater Lenora Resources (TSE) has downgraded the reserve figures for its Goldfields project on the northern shore of Lake Athabaska in Saskatchewan.Published minable reserves for the project, which i…
Drilling aims to expand Wolverine
As part of a $5.6-million exploration program in southeastern Yukon, partners Westmin Resources (TSE) and Atna Resources (TSE) have started a drill program aimed at expanding the Wolverine deposit.Two…
Rio Amarillo hits values at Peruvian prospect
South American explorer Rio Amarillo Mining (VSE) is targeting the Bellota tourmaline breccia zone during a preliminary phase of drilling at its Aija property in north-central Peru.A 61.5-metre inters…
Exploration spending in Canada is on the rise
Exploration spending in Canada is expected to total $945 million in 1996, an increase of 24% over last year, according to a federal survey.The Survey of Canadian Mineral Exploration Expenditures estim…
Stratabound exploring Taylor Brook
With one known mineralized zone in hand, Stratabound Minerals (ASE) has resumed drilling its Taylor Brook base metal property in northern New Brunswick.Work to date has been focused on a small part of…
EDITORIAL PAGE — Gold and the better life
The prerogatives of age and of being a founder — that’s how Peter Munk prefaced a few philosophical remarks he made during Barrick Gold’s recent annual meeting, held in Toronto.His words took the for…
METAL PRICES — FREE MARKET (May 13, 1996)
London Metal ExchangeSpot closing prices in $US per tonneDateMay 7 May 6May 3 May 2 May 1Copper2792-2797 Holiday2750-27552708-27132698-2703Lead872-874 Holiday858.5-859.5831-833 800-810Zi…