Juniors flock to site of recent Band-Ore find
Band-Ore Resources’ (CDN) gold discovery in Thorneloe Twp., west of Timmins, Ont., has junior companies taking notice of the potential for mineralization in pyritic quartz-sericite schist occurrences …
1996
Strike closes TVX’s Casa Berardi mine
Production at TVX Gold’s Casa Berardi gold mine in northwestern Quebec has been halted following a walkout by 220 employees.Members of Casa Berardi Syndicat des Metallos d’Amerique union rejected the …
Charles Fipke eyes Yemen concessions
Charles Fipke, best known for discovering diamonds in Canada’s North, is now searching for gold in Nevada and investigating the mineral potential of Yemen.He is doing so in his new capacity as chairma…
Exploration picks up steam in Ontario’s Red Lake camp
Exploration in the Red Lake district of northwestern Ontario has not been restricted to the area around the two major producing mines east of town.While the western part of the belt is usually quieter…
Barrick aims to take top spot in gold production
The world’s top gold producer — that’s the title Barrick Gold (TSE) hopes to win in the years ahead through key acquisitions, worldwide exploration and a network of joint ventures.Chairman Peter Munk…
Noranda defends stake in New World project
Even when surrounded by its own shareholders, Noranda (TSE) can not avoid the controversy over the New World gold-copper-silver project in Montana.At the annual meeting, shareholder James Barrett, a r…
Leader Mining picks up Knife Lake copper property in N.E. Saskatchewan
Alberta-listed Leader Mining International has taken an option on the Knife Lake copper property in northeastern Saskatchewan from Copperquest (CDN).Leader will spend $1 million on exploration over th…
Placer corrects claim to mine safety record
As a result of a previously unidentified lost-time accident at Placer Dome’s Campbell gold mine, the mine is correcting its claim to a Canadian safety record.Placer Dome reported 1.8 million man hours…
Development work under way at Mount Polley
Partners Imperial Metals (TSE) and Sumitomo are developing, under a revised agreement, the Mount Polley gold-copper project in central British Columbia.The new agreement gives Sumitomo a 45% interest …
Inco and Cornucopia team up
As part of a strategy to boost international exploration, Inco (TSE) has formed a “strategic alliance” with juniors Cornucopia Resources (TSE) and Carlin Resources (VSE) to develop base metal projects…
Grouse Creek mine gets reprieve from Hecla
The Grouse Creek gold mine in central Idaho will continue to operate for at least one year while the Sunbeam open pit is mined out.The future of the mine had been in doubt since Hecla Mining (NYSE) an…
VBN shares start trading on CDN
Those investors who like the Voisey’s Bay deposit in Labrador as much as Inco (TSE) can continue to invest in the project through “VBN” shares, which will be issued by Inco as part of its proposed tak…