Damoti Lake results mixed
Drilling results from the high-grade Bif Island area of the Damoti Lake property north of Yellowknife, N.W.T., indicate the northerly extension of the zone may be limited. Partners Athabaska Gold (TSE…
News
NEWS ROUNDUP — Gold City options western gold play
Greenwood Gold, a private British Columbia-based company, has signed a deal to earn a 51% interest in Gold City Resources’ (ASE) Midway gold project in south-central British Columbia. Under the deal, …
GSC studies gold, PGE anomalies in Alberta
The Geological Survey of Canada (GSC) and the Alberta Geological Survey are participating in a research project to evaluate reported occurrences of gold and platinum-group elements (PGE) in the Fort M…
Timminco reports improved results
One of the world’s leading producers of non-ferrous specialty metals, Timminco (TSE), reports that improvements in the company’s core metals operations helped stem the tide of red ink. Ongoing product…
Students learn about geology
A week-long interactive study program, designed to introduce grade 7 and 8 students to the many facets of geology, will run from April 18 to 26 at the Ecole Royal Orchard Public School. The study prog…
PEOPLE — INDEPENDENCE MINING (April 18, 1994)
James Komadina appointed vice-president, operations, Cripple Creek district.
PRODUCER PRICE
ALUMINUM: MW U.S. market US63.00-64.00 cents per lb. (Mar. 31, 1994). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 19…
EDITORIAL PAGE — A silver lining?
Ever since the misguided Hunt brothers were cornered by the silver market at the beginning of the last decade, the price of silver has floated downward with few convincing breakouts on the upside. Thi…
Pangea raises funds; explores Ontario, Africa
A private placement worth $7 million has been arranged for Pangea Goldfields (CDN). The company received, from European and North American institutional investors, $4.6 million and expects to receive …
COMMENTARY — Philippine mining struggles
The glitter is fast fading from the Philippines’ once-thriving mining industry, which is slowly being strangled by excessive taxation, ambiguous policies and sagging prices abroad. “The death bell is …
OBITUARIES — R. Hewton, C. Westerman and Robert Rivera
A helicopter crash on March 24 claimed the lives of Robert Hewton, 47, and Christopher Westerman, 49. The well-known Canadian exploration geologists died in Ecuador where they were evaluating mineral …
Metals, minerals sub-index continues to rise in February
The metal and mineral sub-index of Scotiabank’s commodity price index rose again in February alongside firmer prices for base metals. London Metal Exchange (LME) copper prices have strengthened from a…