EDITORIAL PAGE — Better a carrot than a stick
Environmental groups have long criticized government policies aimed at encouraging companies to reduce greenhouse gases from their operations voluntarily. The prevailing view is that nothing will happ…
News
LETTER TO THE EDITOR — Royal Oak sets record straight on Pelangio deal
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…
More beeping success at Berthiaume property
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…
PEOPLE — COLERAINE MINING
Gratien Gelinas appointed president.
Spot prices at a glance (November 18, 1996)
Wednesday, November 13, 1996Price (US)Week’s ChangeGold*$382.50+ $4.60Silver*$ 4.9…
Copper Rand nears feasibility stage
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. …
Westmin reports third-quarter loss
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…
Ambrex to start work program at Trairao in Brazil
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…
New results add more sparkle to Diavik diamond play in N.W.T.
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…
Miners mark banner year in 49th state
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…
Ursa Major tests Koktasjal copper-gold deposit
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…
Hecla to shut down Grouse Creek mine
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…