News

Two drills are active on the Dunraine property, 19 km east of Val d’Or, Que., Cambiex Exploration (ME) reports. The work includes 14,000 metres of deep drilling. Two drills are also active at the Phil…

Ongoing drilling by Cusac Industries (TSE) will test two newly discovered quartz veins 1,000 ft. west of the Bain vein on the Table Mountain gold project in northern British Columbia. The first of sev…

A new zone is being developed at the Farallon Negro epithermal gold-silver-manganese deposit, deep within the foothills of the Argentine Andes. About 300 tons per day are mined from the No. 1 vein sys…

The jointly owned Grevet zinc project southeast of Matagami, Que., will soon have one proprietor. Toronto-listed Cambior has reached an agreement (subject to regulatory approval) with Serem-Quebec to …

Long recognized as the Canadian West Coast’s worst underwater shipping menace, the twin peaks of Ripple Rock in Seymour Narrows lie just nine feet below the water’s surface at low tide. The “Rock,” ab…

The article “Northern Ontario mining group urges public support of initiatives” (T.N.M., June 21/93) was interesting in that I lived through, and was a participant in, the malaise which it describes s…

Idaho-based Coeur d’Alene Mines (NYSE) has been placed on the 1993 Honor Roll of the Star award by the National Environmental Development Association (NEDA) in the U.S. The precious metals producer wa…

I know many lines will be written on the recent decision by the British Columbia government to kill what I think would have been a great mine (Windy Craggy) in the province’s northwest. It seems to me…

The good news, if you are a gold bug, is that the gold rally continues. The precious metal, which has moved in fits and starts this year, topped US$391 per oz. in London during the week ended July 6. …

Sales of rough diamonds by De Beers’ Central Selling Organization (CSO) were US$2.54 billion in the first half of 1993, 42% higher than in the corresponding period a year ago. In dollar terms, sales i…

Vancouver-listed Etruscan Enterprises reports that both Paterson, Grant and Watson (PGW) and Geonex Aerodat have conducted geophysical work on its Hackett River property in the Northwest Territories. …

After negotiating for more than a year, Homestake Canada and Placer Dome (TSE) have reached a stalemate on a proposal to convert Placer’s 44% interest in Stikine Resources to a direct interest in the …