Third of workforce laid off at Detour Lake
Placer Dome (PDG-T) has laid off almost a third of the workforce at its Detour Lake gold mine in northeastern Ontario.The layoffs — part of a plan to reduce production costs — will affect 103 of 347…
News
Abacus tallies resource at Niblack project
Abacus Minerals (AMC-V) has calculated a drill-indicated resource for the Lookout zone of its Niblack volcanogenic massive sulphide project in southeastern Alaska.The resource stands at 1.8 million to…
GUEST COLUMN — Placer gold mining thrives
America has a lot of flakes, especially of the gold variety. The country also holds its share of gold nuggets and dust, and, each year, prospectors and miners search for these forms of the yellow meta…
Drilling program enhances Zappa’s Plata property in Ecuador
Drilling has enabled Zappa Resources (ZPA-V) to extend the favorable massive sulphide lens at the Ecuadorean concession known as La Plata, where Cambior (CBJ-T) is carrying out an exploration program….
PEOPLE — BLUE RIBBON (February 10, 1997)
Gordon Keevil and Doug Williamson appointed directors.
PEOPLE — BARRICK
John Carrington appointed president, director and chief operating officer.
PEOPLE — ABER
Eira Thomas appointed vice-president of exploration; Alan Bayless appointed vice-president of investor relations.
LME WAREHOUSE LEVELS (February 10, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Feb.3/97 (change from previous week in brackets):Aluminium938,475(-18,250)Copper200,500(+34,850)Lead111,425(-2,300)Nickel47,…
THE DIAMOND PAGE — Sable kimberlite pipe replaces Leslie at diamond project in N.W.T.
At the NWT Diamonds project near Lac de Gras, the richer Sable pipe has replaced the Leslie pipe as a target of mining.A 1,096-tonne sample from the Sable pipe returned 1,070.3 carats, for a grade of …
Monarch calculates Mexican gold-silver resource
Preliminary resource figures are adding momentum to the Saladillo gold-silver concession in Durango, Mexico.Monarch Resources (MRE-T) estimates the San Sebastian prospect contains 1.6 million tonnes g…
Foreign projects featured in Cordilleran Roundup
A mood of cautious optimism prevailed at the 14th Annual Cordilleran Geology and Exploration Roundup. Delegates expressed enthusiasm over the current bull market for junior resource stocks, but their …
Asia Minerals eyes Philippine gold targets
Vancouver-based Asia Minerals (AMP-A) has signed a letter-of-intent agreement to explore the Aurora property on the island of Luzon in the Philippines.The 88,000-ha land package, which covers seven ex…