Bulyanhulu proves larger than expected
The Bulyanhulu gold deposit in northwestern Tanzania is now estimated to exceed 5 million oz. — an increase of almost 1.6 million oz. over the previous calculation.In light of this sizable increase, …
1997
Panamanian projects move forward — Campbell completes permitting for Cerro Quema gold mine
With government permits now in hand, Campbell Resources (CCH-T) is proceeding with development of its Cerro Quema heap-leach, open-pit operation in Panama.Cerro Quema comprises two epithermal gold dep…
EDITORIAL PAGE — Home, sweet home
As Dorothy said fondly of Kansas, after her whirlwind trip to the weird and wonderful Land of Oz, “there’s no place like home.”It would seem that her feeling is shared by a good many North American mi…
Geonova expands Chevrier gold deposit
The Chevrier property of GeoNova Explorations (GNE-M) is fast becoming one of the largest undeveloped gold projects in Quebec.Drill results at the project, situated near Chibougamau, Que., have enable…
Future producers of red metal get the yellow flag
Copper producers need to exercise caution before proceeding with the next generation of mines, according to a study by London-based CRU International, a commodities research firm.A prolonged period of…
Queenston finds new zone at McBean
The last of three holes drilled by partners Queenston Mining (QMI-T) and Franco-Nevada Mining (FN-T) has uncovered a new zone of mineralization at the Anoki gold deposit on the McBean property, east o…
Northern Orion sizes up copper-gold deposit in western Argentina
Northern Orion (NNO-T) has announced a new resource estimate for its Campana Mahuida copper-gold deposit in western Argentina.Based on 107 drill holes and a cutoff grade of 0.25% copper, the geologic …
OBITUARY — Franc Joubin
Francis Joubin, who helped usher Canada into the nuclear age, has died. He was 85.Born in San Francisco, Calif., in 1911, Joubin obtained his undergraduate and master’s degrees in geology from the Uni…
THE DIAMOND PAGE — Winspear, Aber set to drill at Camsell Lake property
Drilling at the Camsell Lake diamond project in the Northwest Territories is expected to begin in early March.Operator Winspear Resources (WSP-V) holds a 42.5% interest, while Aber Resources (ABZ-T) h…
Western Copper expands Mexican land position
In north-central Mexico, Western Copper Holdings (WTC-T) has entered into a preliminary agreement to option seven properties comprising 180,000 ha.Situated in Zacatecas state, the properties are held …
STOCK MARKETS — Foreign plays add heat to VSE
The Vancouver Stock Exchange composite index was up 12.4 points, or 0.99%, over the report period ended Feb 25, to close at 1,263.05. The resource index gained 46.17 points, or 1.98%, finishing at 2,3…
Sherritt earnings in holding pattern
Higher sales volumes in 1996 offset lower commodity prices and enabled Sherritt International (S-T) to post revenue and earnings similar to those achieved in 1995.Revenue of $199.2 million and operati…