Nelson mining gold along historic Silk Road
In former times, this enclave in Central Asia formed part of the famous Silk Road, a trade route that saw silk, jade and other treasures flow from the Orient to the financial capitals of Europe in ret…
News
Correction (April 08, 1996)
Alberta-listed Gowest Amalgamated Resources has received a letter of intent from Placer Dome (TSE) for an option agreement on the former’s McAlpine Lake property, west of Placer Dome’s Detour Lake min…
EDITORIAL — Stay tuned
The battle for control of the rich Voisey’s Bay nickel-copper-cobalt deposit in Labrador has become the business story of the year. Doubtless, many journalists would gladly have traded places with a f…
ODDS’N’SODS — High water and base language
I was employed at New Ontario Machine Works for many years, and it was 1936 when the shop received an urgent telephone call from the Desantis gold mine’s master mechanic, who was sending us the projec…
Baylis to speak at CIM meeting
The president of Crown Butte Resources will speak at the April 18 luncheon of the Canadian Institute of Mining, Metallurgy & Petroleum, to be held at the Ontario Club in Toronto.John Baylis, who is al…
Miners and natives meet at forum
Improved relationships among First Nations peoples, resource companies and government were the focus of the recent Mining and Energy Forum, held in Lower Post, B.C.Hosted by the Yukon’s Kaska Dena nat…
COMMENTARY — Community relations in P.N.G.
Placer Dome’s Porgera gold mine in Papua New Guinea (P.N.G.) is one of the more socially, politically and technically complex mining operations in the world. Besides the task of winning more than 400 …
Cata Preta returns good gold values
Drilling on the Cata Preta property in Brazil is returning gold values for Black Swan Gold Mines (TSE).The company has already issued the property vendor 8 million shares under an option agreement to …
STOCK MARKETS — Western markets hot as gems return to favor
The Vancouver Stock Exchange set new records for volume and value during the first quarter, with 2.2 billion shares traded, representing a value of $2.5 billion.Trading during the report period ended …
METAL PRICES (April 08, 1996)
FREE MARKETLondon Metal ExchangeSpot closing prices in $US per tonneDate April2 April 1 March 29 March 28 March 27Copper 2496-2498 2515.5-2517.5 2553-2555 2537.5-2539.5 2534-2536 Lead 788-790 791-…
Archangel firms up pipe in Russia
Junior Archangel Diamond (VSE) is encouraged by final results from the discovery hole on pipe 441 at the Verkhotina diamond project in northwestern Russia.Thirty-one macrodiamonds and 152 micros were …
TSE SHORTS (April 08, 1996)
Short positions outstanding at March 15, 1996Larger individual positions included: Barrick Gold 8,449,313; Agnico-Eagle 154,858; Arequipa 114,500; Anvil Range Mining 321,200; Bema Gold 3,432,178; Cale…