Canarc hits high grade in Suriname
Canarc Resource (CCM-T) has intersected high-grade gold mineralization in two separate areas on the Sara Kreek property in Suriname.Highlights of the recent phase-2 program include: hole EB-9705, whic…
News
Noranda signs on with Aripuana juniors — Major joins Ambrex, St. Genevieve and Ourominas in Brazil
The Aripuana base metals project in Brazil has attracted the attention of a Canadian major.Noranda (NOR-T) has signed a letter of intent to invest up to $28.9 million in Aripuana in order to gain up t…
LETTERS TO THE EDITOR — Let’s put Bre-X behind us
Considering that the Busang deposit of Bre-X Minerals is a bust, it is important for investors everywhere to reflect on a number of truths about the Canadian mining industry:* Mining helped found Cana…
Russian gold output slides as costs mount
Russian gold production is on the wane as a result of tension between industry and the government, according to the head of an association of prospectors in the country.Viktor Tarakanovsky of the Unio…
STOCK MARKETS — Vancouver market comes out ahead as Alberta follows suit — Some Indonesia explorers gain ground; American Bullion questioned for poor showing
The Vancouver Stock Exchange posted its first winning week in six weeks, rising 32.82 points to close at 1,045.67 points for the report period ended May 13.The Alberta exchange rose 73.31 points to cl…
LETTERS TO THE EDITOR — Indonesian fraud with Philippine trimmings
As a career prospector who has developed projects in Canada over the past 15 years, I have only one thing to say about the Busang “deposit” in Indonesia: Good riddance.During the past two years, the s…
Exploration spending up in 1996
Spending on mineral exploration in Canada increased last year over figures recorded for 1995, according to a report released by Natural Resources Canada. .TThe level rose to $873 million from $718 mil…
EDITORIAL AND OPINION — One for the history books — Strathcona bursts the bubble
We broke one of our own rules this week. The editorial staff of The Miner threw caution to wind and gathered up some loose change to buy an equity position in Bre-X Minerals. Normally, writers are not…
Correction (May 12, 1997)
The Koma Bangou gold property of Etruscan Enterprises (EET-V) is in Niger — not Mali, as reported in our March 17 issue.
Excellon drills in Mexico
A 2,000-Metre program of reverse-circulation drilling is under way at the Centauro property in Mexico’s Chihuahua state.Operator Excellon Resources (EXN-V) can earn a 65% interest in the concession fr…
Junior options Soquem ground
Privately held McKenzie Bay Resources, based in Brighton, Mich., has reached an option agreement with Quebec government-owned Soquem to develop the eastern portion of the Dor Lake vanadium and titaniu…
Lower metal prices squeeze first-quarter earnings of Teck
Higher gold and copper production by Teck (TEK-T) were offset by lower prices during the first quarter, resulting in a decrease in earnings.The company reported a profit of $15 million (or 16 cents pe…