Drilling is finally under way in the Humpy Lake region east of Lac de Gras, N.W.T. On Aug. 25, Pure Gold Resources (VSE) activated rigs on the Humpy No. 2 claim block, where the company will drill-tes…
For a nominal cash consideration and a commitment to cover eventual reclamation liabilities estimated at about $1.3 million, Richmont Mines (ME) now has its own gold mill. It is the old 1,400-ton-per-…
At the Dome gold mine near Timmins, Ont., a feasibility study is in the works to determine the economics of expanding the open pit. It should be completed in the fourth quarter. Also under considerati…
Another quiet week for gold bullion prices — the spot price hovered for most of the week at about US$371 per oz. — was also reflected in a flat Toronto Stock Exchange gold and silver index. It ended…
— Week — Aug 31 Aug 30 Aug 27 Aug 26 Aug 25 High Low Composite”300″ 4137.55 4138.76 4133.40 4115.60 4122.92 4144.37 4099.73 Metals&Minerals 3109.19 3120.93 3095.43 3111.50 3139.23 3160.91 3080.06 In…
Week’s Price (US) Change Gold* $371.80 + $0.05 Silver* $ 4.83 + $0.08 Platinum* $381.50 $5.40 Nickel** $ 2.05 $0.04 Lead** $ 0.17 $0.00 Copper $ 0.89 $0.01 Zinc $ 0.39 $0.01 Courtesy of Scotiabank. In…
Results of a 56-hole program at the Sierra Valenzuela project in northern Chile indicate the presence of extensive copper mineralization with potentially economic grades and dimensions. The core, rota…
Two short courses will precede the Nov. 3-5 meeting of the Alaska Miners Association (AMA) in Anchorage. Topics of the 2-day short courses, to take place Nov. 1 and 2, will be “Precious metal-bearing …
The National Mining Hall of Fame in the U.S. will induct eight new members at a Sept. 19 banquet in San Francisco, Calif. Conducting the induction ceremony will be Simon Strauss, chairman of the Hall’…
London Metal Exchange Spot closing prices in $US per tonne Date Aug. 31 Aug. 30 Aug. 27 Aug. 26 Aug. 25 Copper 1970-1973 N/A 1969-1970 1947-1948 1969-1971 Lead 381-383 N/A 388-389 383-384 381-382 Zinc…
Both the resource and composite indexes of the Vancouver Stock Exchange gained ground over the period ended Aug. 31 as investors awaited a rebound in the price of gold. The resource index added 35.67 …
Montreal-listed MSV Resources has added to its holdings near Chibougamau, Que., by acquiring the mining concessions and surface equipment of three properties of Meston Resources. The properties — Ced…
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