Placer Dome drills to a Fault near Detour Lake
Two more holes drilled by Placer Dome (PDG-T) on the Fault Lake property, adjacent to the company’s Detour Lake gold mine in northern Ontario, have intersected gold mineralization.The property, held i…
1997
Band-Ore Res. proves up Thorne gold property
Junior Band-Ore Resources (BAN-T) will begin a 92,000-metre drill program to delineate resources at its Thorne gold property, 20 km southwest of Timmins, Ont.The new program will consist of six rigs a…
Solitario drilling hits high grade
Drilling continues at the Canada Onda gold project of Solitario Resources (SLR-T) in Argentina, following the identification of high-grade gold mineralization.Results of five holes drilled over 756 me…
STOCK MARKETS — TSE posts gains as miners look on
The Toronto Stock Exchange gained 498.70 points (or 1.6%) over the report period ended Feb. 4 to close at 6,145.41 — a new record.The banks, retailers and industrial manufacturers were the big gainer…
First Dynasty ups Dublin Gulch reserves
Vancouver-based First Dynasty Mines (FDM-T) reports that reserves at its Dublin Gulch project in the Yukon have exceeded 1 million oz. gold.Based on 1996 drill results, reserves for the Eagle sulphide…
Larder expands Ontario exploration portfolio
A letter of intent with Explorers Alliance sets the stage for International Larder Minerals (LRDR-C) to expand its exploration portfolio in Ontario.Larder plans to acquire all the share capital of Exp…
Third of workforce laid off at Detour Lake
Placer Dome (PDG-T) has laid off almost a third of the workforce at its Detour Lake gold mine in northeastern Ontario.The layoffs — part of a plan to reduce production costs — will affect 103 of 347…
Abacus tallies resource at Niblack project
Abacus Minerals (AMC-V) has calculated a drill-indicated resource for the Lookout zone of its Niblack volcanogenic massive sulphide project in southeastern Alaska.The resource stands at 1.8 million to…
Mineral Resources withdraws bid for Anvil Range Mining
Outgunned by Cominco (CLT-T), Mineral Resources (MIC-T) has abandoned its takeover bid for Anvil Range Mining (ARO-T).Mineral Resources found it was unable to win support for its bid from Anvil Range’…
Dia Met project subject of CIM lunch
The NWT diamond project of Dia Met Minerals and BHP Minerals will be discussed at the next meeting of the Canadian Institute of Mining, Metallurgy & Petroleum, to be held Thursday, Feb. 20 at 12 noon …
Spokane hosts technological conference
The Society for Mining, Metallurgy Exploration (SME) and the American Institute of Mining Engineers (AIME) will co-host the Northwest Metals and Minerals Conference, to be held April 23-25 at the West…
Higher gold yield offsets slip in copper and nickel
Canadian production rates of gold, refined lead, refined zinc, salt and potash increased in November 1996 over levels recorded a year earlier.However, output of silver, copper, nickel, primary lead, p…