STOCK MARKETS — Inflation fears limit TSE gains
Renewed inflation fears spooked investors and put a damper on the Toronto Stock Exchange over the 5-day report period ended Nov. 1. The composite 300 index edged up 21.68 points to end the week at 4,2…
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Caretech drills Thunder Lake W.
CDN-listed Continental Caretech has received results from nine holes which it drilled at the Thunder Lake West project near Dryden, Ont. The first three holes, drilled between 1,640 and 2,590 ft. east…
Joutel exploring in Cuba
Work is continuing on three of Joutel Resources’ (TSE) gold properties in Cuba. Programs are under way on La Zona Barita, in the Sierra Maestra concession near Santiago de Cuba; El Jaguey, in the Vido…
EDITORIAL PAGE — Two thumbs up for CANMET
Governments are always criticized for doing things wrong and rarely praised for doing things right. But one government initiative that clearly merits “two thumbs up” is the Canadian Centre for Mineral…
AECL report: Canadian Shield safe for nuclear waste burial
Nuclear waste can be safely buried in the Canadian Shield, according to a federal environmental impact statement. The report, based on 15 years of research by Atomic Energy of Canada (AECL), says spen…
BOOKS IN REVIEW — Kimberlites in British Columbia
Carbonatites, Nepheline Syenites, Kimberlites & Related Rocks in British Columbia, by Jennifer Pell. Published by the British Columbia Ministry of Energy, Mines and Petroleum Resources, Geological Sur…
Cambior increases Argentine exposure
Montreal-based Cambior (TSE) will buy a 40% interest in a company that owns a project with a mineral inventory of 500 million tonnes averaging 0.75% copper, based on a cutoff grade of 0.5% copper. Pac…
NEWS ROUNDUP — Strike loses claims to rival
The mining recorder in Ontario’s Larder Lake mining division has made a ruling regarding the conflict between Sudbury Contact Minerals (TSE) and CDN-listed Strike Minerals. The case concerns three dis…
NEWS ROUNDUP — Van Ollie passes on Kremzar play
CDN-listed Van Ollie Explorations and three partners have opted out of a plan to buy the Kremzar gold mine near Wawa, Ont. The companies were to pay Canada Tungsten $2.5 million (of which $500,000 had…
Nickel production costs falling
Nickel production costs have fallen for three consecutive years and are set to decline further in the period 1995-1997, says British research firm Brook Hunt & Associates. In its publication Nickel In…
Giant mine trial under way
In Yellowknife, N.W.T., the trial has begun into the deaths of nine men at the Giant gold mine in September, 1992, following a bomb blast. Charged with nine counts of first-degree murder is Roger Warr…
Band-Ore acquires more Timmins properties
CDN-listed Band-Ore Resources recently acquired two properties near Timmins, Ont. In Denton and Thorneloe twps., the company acquired 20 leased and 120 unpatented mining claims from joint owners Homes…