Ruby gold mine ups production
Increased production is expected from the Ruby mine, a placer-gold deposit in Grass Valley, Calif. So far, about 47 tons ore averaging just over 0.2 oz. gold per ton have been produced from two new ar…
1993
USMX encouraged by latest Dewey results
Drill results from the Dewey property in Idaho’s Thunder Mountain district continue to impress USMX. The NASDAQ-listed company optioned the property earlier this year and can buy it outright for US$5 …
Inco eyes Chilean copper projects
Following the recent bid by Lac Minerals (TSE) and Cyprus Minerals (NYSE) for a 51% stake in Chile’s El Abra copper deposit, Inco (TSE) has thrown its hat into the ring. At a meeting in Toronto, Inco …
ScotiaBank metal sub-index falls in September
In September, the metal and mineral sub-index of The Bank of Nova Scotia’s commodity price index dropped to its lowest level since December, 1985. While copper prices dropped further in October, nicke…
Cyprus Amax drilling hits new zone in Kirkland Lake
A new gold zone has been outlined on the Amalgamated Kirkland property in Kirkland Lake, Ont. The discovery, known as the Cyprus zone, was made during a drilling program by Cyprus Canada, a unit of Cy…
COMMENTARY — Cuba chases foreign investment
The demise of the Soviet Union has ironically left Cuba — romantically known as “the isle of eternal summer” — out in the cold. As a result, the country’s mining and metals sector is now desperately…
Royal Oak overcomes technical problems
Third-quarter earnings of Royal Oak Mines (TSE) reflect problems at the company’s three Canadian gold mines, particularly the Hope Brook operation in Newfoundland. The company said both tonnage and gr…
EXPLORATION ’93 — Boliden works copper mine in Sweden’s
Some 27 million tonnes of material are moved annually at the open-pit Aitik copper mine of Boliden in northern Sweden, Mannesmann Demag reports. The equipment manufacturer has two large hydraulic shov…
Milling plans firm up at Albino
Crystallex International (VSE) has appointed consultants Paulo Abib and Kilborn Engineering to provide engineering and project management of a proposed mill at its Albino concession in Venezuela. Euru…
Tri Origin sets out exploration plans
Exploration programs for properties held by Tri Origin Exploration (TSE) were announced to shareholders and analysts at the annual meeting in Toronto. President Robert Valliant outlined a strategy of …
NovaGold samples high-grade zone
NovaGold Resources (TSE) is completing sampling, geophysics and geochemistry on its 70%-owned Pine Cove property, near Baie Verte, Nfld. Samples from the Romeo-Juliet structure have assayed as high 35…
Jordex rearranges private placement
A portion of Jordex Resources’ (VSE) previously announced private placement will not proceed. Instead, an aggregate of 500,000 common shares will be issued at 50 cents per share. The $250,000 raised w…