Fortune perseveres at Nico
Drill results at the Nico prospect in the Northwest Territories show generally low copper results, yet owner Fortune Minerals (FORM-C) is nevertheless forging ahead with a second round of drilling.The…
News
Namibian delegation makes pitch to Canadian mining reps
The time is now for Canadian investment in Namibia’s mineral exploration sector.That was the message delivered by a delegation of government officials and businessmen from the Southwest African nation…
COMMENTARY — The Helms-Burton Act, Part 2
The U.S. Congress recently enacted the Cuban Liberty and Democratic Solidarity (Libertad) Act, also known as “Helms-Burton,” after its sponsors Senator Jesse Helms and Congressman Dan Burton. The Act …
CCR refinery to be upgraded
Noranda Metallurgy, a division of Noranda, will invest $29 million in its CCR refinery in Montreal. The expenditure is expected to increase the plant’s copper and precious metals recycling capacity to…
NEVADA SPECIAL — Royal Gold looks at Great Basin
Limited exploration into the lower plate of the Roberts Mountain thrust at the NAD claims in central Nevada indicates the possibility of gold mineralization, reports Royal Gold (RGLD-Q).The property i…
NEVADA SPECIAL — Miranda trenching at Blue Wing
Miranda Industries (MAD-V) has begun trenching at its Blue Wing gold project in Pershing Cty., Nev., and will soon begin drilling there, and at the Artesia project in Lyon Cty.Blue Wing, an epithermal…
NEVADA SPECIAL — Canyon and Homestake eye Mountain View
In a joint venture with Canyon Resources (CYNR-Q), Homestake Mining (HM-N) is funding all the expenditures necessary to advance the Mountain View gold project through to a positive feasibility study.I…
NEVADA SPECIAL — Turnaround at Jerritt Canyon
The chairman of Minorco told shareholders at the annual meeting that a year of restructuring has resulted in a turnaround at the Jerritt Canyon gold mine in Nevada.In March 1990, Minorca acquired Inde…
NEVADA SPECIAL — Barrick invests US$1 billion in Betze-Post mine
Since acquiring the Goldstrike property in 1986, Barrick Gold (ABX-T) has paid more than US$1 billion in capital and operating costs at the Betze-Post mine.Situated in Nevada’s Carlin trend, the open-…
NEVADA SPECIAL — Hemlo explores Manhattan district
In recent years, Hemlo Gold Mines (HEM-T) has focused its Nevada exploration effort on the Battle Mountain-Eureka district, where areas with potential for sediment-hosted gold deposits have been ident…
NEVADA SPECIAL — Royalty sisters demonstrate a Midas touch in Nevada
Toronto-based partners Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) are well on their way to developing the Midas project into a major gold mine.Yet they have no intention of finishing th…
NEVADA SPECIAL — Rayrock thrives as Canadian pioneer in the Silver State
It is a long way from the Northwest Territories to Nevada, and this was especially true in the early 1970s when few Canadian companies ventured far from home. For Rayrock Yellowknife Mines (RAY-T), wh…