ODDS ‘N’ SODS — A frosty mine camp
As a result of a lunch meeting I had in 1951 with a man from New York, I was hired on as a mine foreman at an operation near Keno in the Yukon.Our crew consisted of a number of capable graduates from …
News
LATIN AMERICA — Cobre completes merger with Aurex
Shareholders of Aurex Resources (AXR-T) have approved a merger transaction with privately owned Cobre Mining of Hanover, N.M.The merged entity will retain the name Cobre Mining and be listed on the To…
LATIN AMERICA — Essex revs up drills in eastern Bolivia
With $15 million in its treasury, Essex Resource (ESX-V) is about to start a field program aimed at delineating near-surface oxide gold deposits at the Miquela and Porvenir concessions in eastern Boli…
LATIN AMERICA — Ambrex outlines resource in southwestern Brazil
The drill-indicated resource outlined by Ambrex Mining (AMBX-C) at the Aripuana property in the northwestern portion of Brazil’s Mato Grosso state now stands at 2 million tonnes grading 10.7% zinc, 2%…
LATIN AMERICA — Argentine government manoeuvres to attract dollars to mining sector
Although mining represents but a small portion of Argentina’s economy, more and more mineral development projects are expected to enter production there.The country currently produces 35,000 oz. gold …
LETTER TO THE EDITOR — Cyanide leaching a good idea on Bre-X’s part
As a commercial assayer, I am horrified at the panic created by the confusion over the assay results of Bre-X Minerals. The collapse of the company is an awesome example of what can happen when that l…
LATIN AMERICA — Boliden, Silver Eagle ink exploration deal — Swedish giant eyes Minera Serrana project in Mexico
Boliden, the mines and metals business sector of Trelleborg of Sweden, has signed an agreement with Silver Eagle Resources (SER-V) to explore the junior’s Minera Serrana project and fund a Mexican exp…
Greenstone gears up for gold pour
With construction of the first two heap-leach cells now complete at the Cerro Mojon gold mine in Nicaragua, Greenstone Resources (GRT-T) has begun piling ore and expects the first gold pour to take pl…
LATIN AMERICA — Ourominas drills at Juruena project
Drilling by junior Ourominas Minerals (OMI-T) at its wholly owned, 190,000-ha Juruena vein gold property in Brazil’s Mato Grosso state has extended the project’s known zones of mineralization.Since dr…
LATIN AMERICA — Group seeks leave to file suit against Cambior
Montreal-based Cambior (CBJ-T) has been served with a motion to institute a class-action lawsuit on behalf of a group of persons living downstream from the company’s Omai gold mine in Guyana, followin…
LME WHSE LEVELS (April 07, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.31/97 (change from previous week in brackets):Aluminium853,000(-2,525)Copper177,250(-6,225)Lead106,925(-500)Nickel47,862…
Bre-X’s credibility undermined as suspicions mount — Assay lab’s results are only as good as the samples it receives
A month ago, it was reputed to be sitting on the largest gold find of the century, but the ground is now shaking beneath Bre-X Minerals (BXM-T), operator of the Busang gold project in eastern Kalimant…