Results add lustre to BHP gold project
Four gold prospects in the Hope Bay volcanic belt of the Northwest Territories could amount to “a potentially minable resource” for Australian major Broken Hill Proprietary (BHP-N).BHP made the announ…
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Weather wreaks havoc on Chilean mines
Heavy snowfalls and rains have caused widespread problems for mines in northern Chile. Hardest hit was the Refugio gold mine, owned by Bema Gold (BGO-X) and Amax Gold (AU-N).Several metres of snowfall…
ODDS ‘N’ SODS — Mishap at the Champion
The Musick, Helena and Champion polymetallic mines were part of the Bohemia mining district in the Cascade Mountains of south-Central Oregon.In the summer of 1947, Bill Caldwell, my chemistry professo…
COMMENTARY — Reserve and resource estimation, Part 1
In the wake of the Bre-X Minerals affair (as well as similar events in the past), it is more important than ever that investors ask certain questions of mining promoters and companies.Two of the main …
PEOPLE — MOUNTAIN LAKE
J. Ritchie appointed director.
PEOPLE — IMP
Alexander Cox appointed president and chief executive officer; and Paul Schiller appointed chairman.
Argentine silver keeps Yamana active
In the country named for silver, Yamana Resources (YRI-T) has located four new precious-Metal systems, some of which exhibit bonanza grades of the white metal.These discoveries took place in the vicin…
STOCK MARKETS — Toronto markets take slow slide in a slow week — Base metals follow broad market as golds hit new low
The June 25-30 trading period saw the Toronto Stock Exchange coast downhill in advance of the July 1 national holiday. Over three days of moderate trading and one day of light action, the TSE 300 comp…
GREATEST VALUE TRADED, JUNE 25-JULY 1
ExchgValue($000s)HighLowCloseChangeBarrick GoldT1…
Pursuit trenches Mongolian skarn prospect
Following in the footsteps of a Soviet exploration crew in the 1980s, International Pursuit (IPJ-T) has confirmed a surface showing of gold mineralization at its Ulzit Gol licence area in west-Central…
Kemess project moves closer to production — British Columbia government and Royal Oak reach agreement
A formal agreement between British Columbia and Royal Oak Mines (RYO-T) will pave the way for development of a copper-gold mine in the province’s north-Central region.The company had been at odds with…
Companies reach deal in PNG
Australian-based Carpenter Pacific Resources has agreed to transfer to Mt.Kare Gold Resources a 10% free-Carried interest (to mine feasibility) in the Mt. Kare property, which is situated near the Por…