Hecla to proceed at La Jojoba
Hecla Mining (HL-N) will proceed with exploration and development of Aquiline Resources’ (AQI-V) La Jojoba gold project in Mexico’s Sonora state.To earn a 60% interest in the property, Hecla will reim…
News
METAL PRICES — FREE MARKET (March 17, 1997)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateMar. 11Mar. 10Mar. 7Mar. 6Mar. 5…
Mongolia Gold outlines strong anomaly at Bumbat
A property-wide sampling program at Mongolia Gold Resources’ (MGR-V) 49%-owned Bumbat Gold Field property in Mongolia has identified an open-ended gold-in-soil anomaly measuring 1,700 metres long by 2…
Ming terminates Strange Lake deal
Vancouver-based Ming Financial (MF-A) has decided against acquiring the Strange Lake yttrium property in northwestern Labrador from Iron Ore Co. of Canada (IOC).Ming says its decision was based on an …
First year proves golden for River Gold Mines
The first 12 months of production at the Eagle River gold mine, near Wawa, Ont., translated into a strong year for owner River Gold Mines (RIV-T).Earnings for 1996 amounted to $5.9 million (or 19 cent…
Commentary — Mining and elections
The author is the new project manager of Keep Mining in Canada, a grassroots campaign designed to increase awareness of the importance of mining in this country.With an election call fast approaching,…
Tenke seeks copper, cobalt in Zaire
Tenke Mining (TNK-T) will carry out a 40,000-metre drill program in an area between the Tenke and Fungurume copper-cobalt deposits in the highlands of southeastern Zaire.The goal of the 12-month progr…
Production boosts Louvem’s revenues
ntreal-based Louvem Mines (LOV-T) has passed its first full year as a gold producer since startup, in January 1996, at the Beaufor mine, near Val d’Or, Que.e vein-type lode-gold mine is owned equally …
Chase expands zone at Archangel
Initial drilling by Chase Resource (CQS-T) at its Archangel gold-copper property in the Philippines has expanded the area of known mineralization.Flat-lying zones of sheeted quartz veins and intensely…
Roycefield to produce antimony at Beaver Brook mine this year
Junior Roycefield Resources (RYC-T) has confirmed plans to bring its Beaver Brook antimony mine, in central Newfoundland, into full production in mid-1997.The company reports progress on the following…
THE DIAMOND PAGE — Mountain Lake Resources set to drill concessions in South Africa
Drilling is under way at the Hartbeestlaagte 146 (H-146) and Zwartrand 145 (Z-145) diamond concessions in the Northwest Tansvaal province of South Africa.The concessions, which comprise 83 sq. km, are…
THE DIAMOND PAGE — Ore reserve estimates released — Quarter century of mining estimated for NWT Diamonds operation
The feasibility study for the NWT Diamonds project, near Lac de Gras in the Northwest Territories, proposes the development of five kimberlite pipes over 17 years. However, given the discovery of addi…