Silica deposit discovered in Quebec
Drilling results have delineated probable reserves of 11.6 million tonnes of high-silica quartzite on the De Salaberry Twp., Quebec, property of Bruneau Minerals (ME).The deposit, which is minable by …
News
U.S. silver industry continues growth
Activity in the U.S. silver market in 1994 continued the upward price trend that began to develop in early 1993 (although in that year, a near-20-year low of $3.54 per oz. was recorded).Volatility was…
Mine safety improves in Canada
The safety performance of Canada’s mining industry improved 75% between 1984 and 1994, according to statistics released by the Ontario Mining Association.The lost-time injury rate last year was 1.86 p…
LETTER TO THE EDITOR — Reserves misquoted for Battle zone
In the May 22 issue of The Northern Miner an article on Westmin’s 1995 first-quarter results mentions the Battle zone development in British Columbia but misquotes the reserves.Minable reserves at the…
Sierra Nevada lands Mexican ground
A recent purchase agreement provides Sierra Nevada Gold (VSE) with control of the Promontorio gold-copper property in Chihuahua, Mexico.The company will pay US$50,000 on final signing, plus US$100,000…
Copperstone arranges financing
Funds generated by the arrangement of two private placements will be used by Copperstone Resources (VSE) to pay a portion of its existing debt and to make the required option payments for the Boleo co…
Royalstar expands ground position near Harp Lake
Royalstar Resources (VSE) has acquired 44,341 acres in the Harp Lake area of Labrador.The eight claim blocks are underlain by nickel, copper and cobalt lake sediment anomalies. Several magnetic anomal…
PRODUCER PRICES (June 12, 1995)
ALUMINUM: MW U.S. market US83.5-84.5 cents per lb. (May 19, 1995).ANTIMONY: MW New York dealer US$2.20-2.30 per lb. (March 31, 1995).BISMUTH: MW New York dealer US$3.55-3.65 per lb. (May 12, 1995).CAD…
IGR to increase interest in Bibiani
The Ministry of Mines and Energy for the Republic of Ghana has informed International Gold Resources (TSE) that it is prepared to sell its 18% contributory equity interest in the Bibiani gold project….
Patrician, Serengeti make African splash
Two Vancouver-based juniors are joining forces to create a major African gold and diamond mining company.Serengeti Diamonds (VSE) and Patrician Gold Mines (ASE) will combine to form Serengeti Holdings…
Tri Origin cuts mineralization at Lewis Ponds
Recent drilling by Tri Origin Exploration (TSE) at the Lewis Ponds project in New South Wales, Australia, has led to the discovery of a new sulphide zone.This phase of drilling has focused on an area …
Akiko meets funding deadline
Akiko Gold (VSE) has made a US$1-million option payment on the New Burgin project in Utah.It is earning a half interest in the project from Chief Consolidated Mining (NASDAQ) by spending US$10 million…