New gold zone discovery for Cathedral in Nevada
A new gold zone has been discovered at Cathedral Gold Corp.’s 52%-owned Sterling mine project near Beatty, Nev. Since the mine was spun off by Imperial Metals into Cathedral, the property has been exp…
News
Gold tops $500, can’t hang on
The price of gold briefly crept over the $500(US)-per-oz mark in London last week, representing the first time since February, 1983, the precious metal has topped that price level. The morning fix in …
Nickel prices top $3
Buoyed by an increase in stainless steel production and a shortage on the supply side, nickel this month saw its price top the $3(US) per lb mark. It has been a remarkable recovery for the base metal,…
Mercury ready to stage comeback
After a long period of declining consumption, mercury may be in for a reversal in fortunes. London- based Roskill reports it sees the prospect of a plateau in demand for the mineral in the U.S. and a …
Geddes nearing completion of adit at Windy Craggy
Geddes Resources reports it is about three-quarters of the way along in an adit it is driving to explore the gold zone at its Windy Craggy copper-gold-cobalt-zinc project in northwestern British Colum…
Getty, Davidson to produce from diminished reserves
A production decision has been made for the Tisdale property north of Timmins, Ont. Equal partners Getty Resources and Davidson Tisdale Mines say that production, at a rate of 200 tons per day, is sch…
Indian exhibition
Planning a major mining show next year is India, with the staging of the Indian International Mining Equipment and Minerals Processing Technology Exhibition in New Delhi. The exhibition, scheduled for…
New zone uncovered by Rayrock, partners
A new zone has been discovered on the Bellavista section of gold- silver property in Costa Rica which Rayrock Yellowknife Resources, Midland Energy and Westlake Industries are exploring under an optio…
Underground at Detour
After a brief but troubled open-pit phase, the Detour Lake mine in northern Ontario is pulling up gold from underground. Figuratively speaking at least, things look brighter from below the surface. …
Placer increases grass roots activity
Designed to increase its exposure to grass roots exploration, Placer Dome is participating in the formation of a new public company called QPX Minerals . According to Lawrie C Reinertson, senior vic…
Mining consultants views mixed on free trade
As the contents of the Canada/ U.S. Free Trade agreement continue to unfold, it’s clear that greater cross-border access will be offered to Canadian mineral producers. But the agreement may also provi…
Nuinsco deals base metal properties to Seadrift
In a bid to become a Canadian gold producer within 12 months, Nuinsco Resources has dealt some of its base metal properties to Seadrift International in exchange for a larger slice of the Cameron Lake…