Drilling aims to expand Wolverine
As part of a $5.6-million exploration program in southeastern Yukon, partners Westmin Resources (TSE) and Atna Resources (TSE) have started a drill program aimed at expanding the Wolverine deposit.Two…
News
Correction (May 13, 1996)
Drill hole NR-29 at the Rainy River property of Nuinsco Resources (TSE) was drilled at an angle of 65 and the mineralized intersection of 7.7 metres is believed to have intersected the mineralized bod…
Summitville pleads guilty to charges
Facing 40 charges arising from environmental damage at its Colorado gold mine, Summitville Consolidated Mining has entered a guilty plea and been assessed US$20 million in fines in United States feder…
STOCK MARKETS — Golds lead TSE as base metals rise
A rally by the golds enabled the Toronto Stock Exchange to improve over the period ended May 7. Nonetheless, the TSE 300 composite finished at another record high of 5,167.07 after having dipped sligh…
GREATEST VALUE TRADED, May 1-7
Exchg Value($000s)HighLowCloseChangeBarrick Gold T184077$43 3/840 1/243 1/4+1 1/2Placer Dome T158922$4037 3/839 7/8+2Inco Ltd T133491$47 3/845 1/247+1BRE-X Mnrls T132546$21…
Rio Amarillo hits values at Peruvian prospect
South American explorer Rio Amarillo Mining (VSE) is targeting the Bellota tourmaline breccia zone during a preliminary phase of drilling at its Aija property in north-central Peru.A 61.5-metre inters…
Exploration spending in Canada is on the rise
Exploration spending in Canada is expected to total $945 million in 1996, an increase of 24% over last year, according to a federal survey.The Survey of Canadian Mineral Exploration Expenditures estim…
Results encouraging at Francoeur mine
Reserves are increasing at the Francoeur gold mine near Rouyn-Noranda, Que., as Richmont Mines (TSE) finds more ore-grade mineralization along the Francoeur-Wasa shear zone.The underground program inv…
Royal Oak to own Cons. Professor
Royal Oak Mines (TSE), having received more than 90% of the shares of Consolidated Professor Mines (TSE) under its 80 cents per share takeover offer, has announced it will acquire the remaining shares…
Canadian Mining Hall of Fame is accepting nominations
The Canadian Mining Hall of Fame has announced it is accepting nominations for new inductees, who will be formally honored in early 1997.Nominations of persons who have made an outstanding contributio…
CIM honors mining industry’s best
The achievements of Canada’s mining community were recognized at an awards dinner held by the Canadian Institute of Mining, Metallurgy & Petroleum (CIM) at its annual meeting in Edmonton, Alta.* The B…
Fortune drilling program ignites land play in Northwest Territories
Another area play is under way, this time in the Mazenod Lake area, about 170 km northwest of Yellowknife, N.W.T.Fortune Minerals (CDN) is the centre of attention as it completes its drill program at …