Hecla set to drill Grouse Creek
New York-listed Hecla Mining is planning a 40,000-ft. drill program on the Grouse Creek gold mine project in Idaho. The $1-million program will be aimed at finding additional high-grade, underground r…
News
NEWS ROUNDUP — Ican hits gold with stepout drilling
Five holes have continued to instersect a gold-bearing stockwork system at Ican Minerals’ (TSE) Almaden mine project in Idaho. Holes SW-4 and 5, drilled west of the discovery holes, intersected the sa…
Brunswick to reopen Heath Steele
Full operations at the Heath Steele base metal deposit, near Bathurst, N.B., are scheduled to resume later this fall, reports owner Brunswick Mining and Smelting (TSE). The decision to reopen is large…
Behre Dolbear in Chilean joint venture
Mining consulting firm Behre Dolbear & Co. of Denver, Colo., has formed a joint venture with a group of Chilean investors headed by Ing. Jorge Lopez Bain. The new company, Behre Dolbear Chile, will be…
Conference focuses on natives
A conference aimed at improving the working relationship among aboriginal people, the mining sector, the government and schools is planned for June 21-22 in Thunder Bay, Ont. Organizers are hoping the…
Restructuring for Central Crude
A proposed restructuring of Central Crude (TSE) would see the junior renamed as River Gold Mines. River Gold, a wholly owned subsidiary of Western Quebec Mines (TSE), has a 60% interest in the Eagle R…
Tribute to an exploration geologist
Fifty years ago, in April, 1944, I and two other third-year mining engineering students, C.E. (Red) Anderson and A.E. (Moose) Manifold, flew from Edmonton, Alta., to Yellowknife, N.W.T., for summer ge…
TSE, ME reducing transaction fee
The Toronto Stock Exchange (TSE) and the Montreal Exchange (ME) are reducing the maximum fee charged to members for trading securities. The fee will be reduced to $100 from $1,000 per transaction, eff…
OBITUARY — Holmes was active abroad
A former professor and consulting geologist who was active in Canada, the U.S. and Europe, Stanley Holmes died recently in Toronto. He was 68. A native of Montreal, he had degrees from McGill and Corn…
FreeportMcMoRan expands reserve in Irian Jaya province
New York-listed Freeport-McMoRan Copper & Gold (NYSE) is expanding the overall copper-gold resource on its holdings in Irian Jaya province, Indonesia. The province constitutes the western part of the …
METALS COMMENTARY — Supply side volatility
While fundamentals are still weak in several metal markets, supply side problems are causing prices to become increasingly volatile. Unexplained slowdowns in Chinese government-controlled exports are …
Red Chris deal complete, drilling planned
A deal has been approved whereby American Bullion Minerals (VSE) will acquire an 80% interest in the Red Chris copper-gold property in northwestern British Columbia. The junior will pay Falconbridge a…