Moneta intersects new zone at Nighthawk
A second phase of drilling by Moneta Porcupine Mines (ME-T) has intersected a new gold zone on the Nighthawk Lake project, near Timmins, Ont.The gold mineralization occurs in quartz veins within alter…
News
Russia’s Kamchatka state opens ground for copper, gold exploration
The government of the Russian state of Kamchatka has begun accepting tenders for mineral exploration and development rights for two regions believed to be prospective for copper, gold and silver.The t…
METAL PRICES (October 13, 1997)
Daily Metal PricesBASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateOct. 7Oct. 6Oct. 3…
NFX hits hot grades near Cheminis
Drilling near the past-producing Cheminis mine near Virginiatown, Ont., junior NFX Gold (NFXG-C) has hit significant gold grades.Three holes drilled from the 1,035-ft. level of the mine confirmed the …
FACTS ‘N’ FIGURES — Canadian coal still strong
In 1996, the Canadian coal industry enjoyed record production and exports.Nearly half of the country’s output was exported.Production hit a record 75.8 million tonnes, up 1% from production in 1995.Of…
Cominco approves smelter expansion
Vancouver-based Cominco (CLT-T) has approved a US$300-million expansion program at its Cajamarquilla zinc refinery near Lima, Peru.The expansion, expected to be completed by the first quarter of 2000,…
TORONTO STOCK EXCHANGE INDICES (October 13, 1997)
-1997-Oct. 7Oct. 6Oct. 3Oct. 2Oct. 1HighLowCompos…
New zone expands resource at Francoeur
A new gold zone discovered by Richmont Mines (RIC-T) at its Francoeur mine, west of Rouyn-Noranda, Que., promises to add significantly to reserves.The new No. 7 zone, a steeply dipping structure that …
OBITUARY — Andrew Nick’ Carter
Andrew Carter, a veteran of numerous Canadian mining projects, has died. He was 88.Carter graduated from the University of Toronto in 1934 with a degree in mining engineering. He then joined the Littl…
Relationship of miners, natives examined — Whitehorse conference to address negotiations, existing deals
A conference examining the relationship between mining companies and aboriginal groups will be held Nov. 20-21 at the Westmark Hotel in Whitehorse, Y.T.The conference, entitled “Making the Grade: The …
EDITORIAL — Diamonds are everyone’s friend — From one to sixty, in six
Six or seven years ago, there was no Canadian diamond sector. Today, brokers and analysts are following the activities of numerous companies exploring for and developing diamond deposits across the la…
Mirandor finds more gold in Nevada
Preliminary drilling by Mirandor Exploration (MIQ-M) has uncovered three new gold zones on its Railroad property in Nevada’s Carlin trend.Dubbed Bunker Hill, LT East and Elliot High Ranch, the zones r…