Drilling tests for nickel in Yukon
A 20-hole drill program comprising 2,500 ft. will test a deposit of nickel mineralization for potential minable thicknesses at the Taiga project, 95 km northeast of Dawson City, Y.T.The project consis…
1997
Kinross Gold takes writedown — US$24-m charge wipes out operating profit
An after-shock from the Macassa rock burst in April has registered on the books at Kinross Gold (K-T).Although production has resumed on the upper levels of the mine, situated east of Kirkland Lake, O…
Niocan updates niobium resource
Based on drilling completed this spring, Montreal-based Niocan (NIO-M) has released new resource estimates for its niobium deposit near Oka, Que.The consortium known as MET-CHEM-Pellemon, which is com…
Cerro Mojon mine reaches full production
The Cerro Mojon gold project in Nicaragua has entered commercial production.Owner and operator Greenstone Resources (GRE-T) expects the open-pit, heap-leach operation to yield 28,000 oz. gold during t…
Moris lands Manhattan in black
A year after its first gold pour, the Moris mine in northern Mexico has achieved commercial production.Manhattan Minerals (MAN-T) reports that the mine an — open-pit, heap-leach operation in Chihuahu…
Nord drills deeper in PNG
With the aid of an induced-polarization (IP) survey, Nord Pacific (NPF-T) has intercepted high-grade gold values at its Tabar Islands project in Papua New Guinea.The company initiated the survey over …
First half disappoints Triton
In spite of higher production and lower cash costs at its gold mine in Nicaragua, Triton Mining (TTM-T) tabled a lacklustre balance sheet for the first half of 1997.The El Limon mine yielded 22,301 oz…
Sampling of C12 kimberlite — yields macros and micros at Commonwealth
vancouverAnalysis of 257.5 kg of core from the C12 kimberlite pipe, situated on the Commonwealth claim block in the Lac de Gras region of the Northwest Territories, has yielded 30 macrodiamonds and 44…
Donner drills — South Voisey’s Bay project
Diamond drilling is under way at the South Voisey’s Bay project of Donner Resources (drz-v).The 8,000-metre program is being managed by Teck (tek-t), which can earn a half interest in the project. The…
PRODUCER AND DEALER PRICES (September 01, 1997)
Aluminium: LME settlements US$1,764 per tonne, alloy $1,455 per tonne (Aug.26/97).Antimony: Composite free market, US$1,880 per tonne (Aug. 25/97).Bismuth: Composite free market US$3.60 per lb. (Aug. …
Solitario cuts high-grade zinc
Initial drilling at two zinc-lead prospects held by Solitario Resources (SLR-T) in northern Peru has intersected high-grade mineralization.The drilling is being performed by the Peruvian subsidiary of…
Altavista busy near Sept-Iles
A recent private placement netted $590,000 for Altavista Mines (ASIA-M) to finance exploration work on the Chiskal and La Source properties in the Sept-les region of Quebec.Work to date on the propert…