The terms of a deal between Royal Oak Mines and Pelangio Larder Lake Mines were incorrectly stated in the article “Exall, Glimmer cut ribbon on Ontario Gold Project” (T.N.M., Nov. 11/96).In the Nighth…
Five holes are now complete at the Berthiaume property, north of Lebel-sur-Quevillon, Que., and all have intersected sulphide mineralization.The prospect was discovered by the Berthiaume syndicate, co…
Gratien Gelinas appointed president.
Wednesday, November 13, 1996Price (US)Week’s ChangeGold*$382.50+ $4.60Silver*$ 4.9…
New drill results released by MSV Resources (MSV-T) support the theory that additional deep ore exists at the Copper Rand deposit, southeast of Chibougamau, Que.Six holes drilled on the No. 1 and No. …
Lower copper prices and higher operating and exploration costs contributed to a $6.2-million loss for Westmin Resources (WMI-T) during the third quarter.The loss (equivalent to 12 cents per share) com…
With a preliminary resource figure calculated at its Aripuana project in Mato Grosso state, Brazil, Ambrex Mining (AMBX-C) is preparing to start work on a second prospect, the Trairao property.Trairao…
Partners Kennecott Canada and Aber Resources (ABZ-T) continue to generate enthusiasm at their Diavik diamond project near Lac de Gras in the Northwest Territories.The final processing of a total 2,585…
The mood was upbeat at the annual general meeting of the Alaska Miners Association, held here recently — and little wonder: Exploration and development expenditures in the state reached a new high in…
New diamond drill results continue to confirm gold grades at the Koktasjal copper-gold porphyry deposit in central Kazakhstan, reports Ursa Major International (URSA-C).Based on drilling carried out i…
Having been deemed uneconomic at current gold and silver prices, the Grouse Creek mine will be closed next year.Operator Hecla Mining (HL-N), which owns 80% of the Idaho project, is currently mining o…
A prefeasibility study is expected by year-end for the Varvarinskoye gold-copper deposit in northern Kazakhstan, reports operator Kazakhstan Minerals (KMC.U-T).The company, also known as KazMinCo, has…
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