News

Canarc goes underground at Polaris Taku gold project

Canarc Resource (CCM-T) has begun the underground phase of its feasibility program at the Polaris Taku property in northwestern British Columbia.The work will entail drilling some 200 holes in an atte…


Asarco prepares to close Leadville mine

Lower prices for lead and zinc concentrate have prompted Asarco (AR-N) to close its Leadville mine in Colorado.The operation will be shut down indefinitely at year-end. The Leadville mill was closed i…



Santa Fe pulls out of Springpole

The Canadian subsidiary of Santa Fe Pacific Gold (GLD-N) has dropped its 50% option on the Springpole Lake gold project near Red Lake, Ont., leaving Gold Canyon Resources (GCU-V) in control.Santa Fe h…


Operations at Bougrine suspended

Mining and milling operations at the Bougrine lead-zinc mine in Tunisia have been suspended indefinitely, reports Inmet Mining (IMN-T).According to a study by Societe Miniere de Bougrine, the investme…


EDITORIAL PAGE — Payoff time

The Great Depression of the 1930s still evokes images of soup lines, stock-market casualties, bankruptcies and mortgage foreclosures, topped off by one of the worst droughts in Canadian history.Canada…



David Bell eyes Hemlo gold prospect

The geologist who discovered the first Hemlo gold deposit in 1981 has set his sights on the 134-claim White Lake property in the east Hemlo area of western Ontario.David Bell heads up CaribGold Resour…


Teck explores Barry gold property

Senior producer Teck (TEK-T) will explore the Barry gold property in northwestern Quebec.The property consists of 111 contiguous claims in three blocks and is held under option by juniors Murgor Resou…



Indochina revises plans for Monywa

Indochina Goldfields (ING-T) intends to reduce capital costs and speed up construction at its Monywa open-pit copper project in central Myanmar.The company hopes to cut costs by about US$35 million by…



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