Inco to reopen Garson mine in Sudbury
The Garson mine, one of the higher-grade nickel orebodies in Ontario’s Sudbury region, is being reopened by Inco (TSE) at a cost of $40.1 million. The company hopes that the deposit will be in full pr…
1993
Cusac assumes ownership of Table Mountain project
Just over a year after announcing plans to purchase a 100% interest in the Table Mountain gold property, Cusac Industries (VSE) has finalized an agreement with owner Energold Minerals. The purchase in…
Siam’s Tak mine in operation
The Tak feldspar mine in northeastern Thailand began operations in December, Siam Trading (ASE) reports. Siam, which has a 45% interest in the project, says the deposit contains reserves of about 11 m…
Magma posts record annual output
Arizona-based Magma Copper (NYSE) has announced record production of 768 million lb. copper at a net cash operating cost of 66 cents per lb. in 1992. President Burgess Winter told a recent gathering o…
Pipeline studies are under way
Contrary to what appeared in the Feb. 15 issue of The Northern Miner, permitting and economic studies are under way for the main Pipeline gold deposit in Nevada. This advanced project is held by the C…
New Tri Origin reserve estimate
With the intersection of polymetallic mineralization in two more holes on its Lewis Ponds project in Australia, Tri Origin Exploration (TSE) has calculated a preliminary reserve estimate of 1.5 millio…
ODDS’N’SODDS — Safeguarding a rich Boylen orebody
I worked as a mine geologist at M.J. Boylen’s Key Anacon mine in New Brunswick for a year in the mid-1960s. In late 1965, I took a leave of absence for one month. When I reported back to work, Boylen …
Eurus drilling Albino concession
Assay results are expected shortly from a drill program by Eurus Resource (VSE) on the Albino concession in the Kilometre 88 area of eastern Venezuela. The property is a joint venture with Crystallex …
EXPLORATION AND DISCOVERY: COBALT
The cobalt content of metal concentrates produced in Canada in 1992, as reported in the statistical tables, is 2.2% higher than in 1991. However, the worth of the 1992 production, $136.9 million, is 7…
NEWS ROUNDUP — Reserve increase at Myra Falls
After milling 1.17 million tonnes last year, mine operator Westmin Resources (TSE) reported a significant increase in proven and probable geological reserves at its Myra Falls mine near Campbell River…
Echo Bay reports loss for 1992
Gold miner Echo Bay Mines (TSE) has reported a net loss of US$31.7 million last year, compared with net earnings of US$6.8 million in 1991. Contributing to the loss were writedowns of US$14.9 million …
Canadians option project in China
The economic boom in the People’s Republic of China is being fuelled in part by burgeoning foreign investment in almost every industry sector. Asia Minerals, a private company formed by a group of Van…