Bre-X firms up Busang gold play
Stepout drilling at the Busang project in Indonesia has reinforced the owner’s perception that the Central zone could host a gold resource minable by open-pit methods. Bre-X Minerals (ASE) drilled six…
1995
BHP options copper project
Australian mining giant BHP Minerals will join forces with Francisco Gold (VSE) on the Coahuila copper project in Mexico. Exploration to date indicates the presence of a large, sedimentary-hosted copp…
Crude steel output off slightly in ’94
World crude steel production in 1994 totalled 723.3 million tonnes. The International Iron and Steel Institute of Brussels says preliminary figures place output 0.9% below the 1993 level and 8% below …
Commodity index in decline
The commodities index of the Bank of Nova Scotia declined by 1.3% in February after rising for six straight months. A sharp drop in metals and minerals prices and a seasonal fall in agricultural price…
Waddy Lake and Golden Rule revise Komis reserves
TSE-listed partners Waddy Lake Resources and Golden Rule Resources have taken a closer look at the geology of the Komis gold deposit and, in the process, recalculated the reserve figure. The deposit, …
ODDS’N’SODS — Diamonds in the Appalachians
The occurrence of diamonds in the eastern U.S. has been well documented since 1843, and possibly even earlier. The authenticated diamonds range in size from 0.25 carats to the Punch Jones diamond, whi…
Monarch spreads its wings in Venezuela
Favorable drill results have enabled Monarch Resources (TSE) to increase gold reserves at its Camorra mine and Canaima concession in the Venezuelan district of El Dorado. At La Camorra, results have b…
Canyon shows loss for the year
Colorado-based Canyon Resources (NASDAQ), as expected, reported a loss for 1994. The company, which expanded its international exploration and experienced a full year of interest expense on its conver…
Western Copper boosts Thermal stake
An additional private placement gives Western Copper Holdings (TSE) a total of 5.8 million shares of Thermal Exploration (ASE), or about 35.5% of its issued shares. The placement comprises 1.2 million…
METALS COMMENTARY — Metals return to fundamentals
Metal markets continued to show signs of recovery in March as supply-demand fundamentals regained prominence. Metal manufacturers throughout the Organization for Economic Co-operation and Development …
11 (April 10, 1995)
Explorer Mongolia Gold Resources (VSE) is negotiating to acquire a second property in the central Asian country. Previous work outlined a potentially open-pit resource of 27.5 million tons grading 0.0…
Lighter coins in the works as metals makeup to change
A change in the metals composition of coins in circulation in Canada, with the exception of the $1 loonie, is in the works. The Royal Canadian Mint plans to use nickel-plated steel for the 50-cent, 25…