Exploration increases in Southeast Australia
A government support system for mining companies is bearing fruit in Southeast Australia.Exploration and mining expenditures in the state of Victoria rose to A$112.6 million in 1995 from A$96.1 millio…
News
Solv-Ex under investigation in United States
A U.S. grand jury is investigating the possible manipulation of shares of Solv-Ex following a ten-fold increase in price during the past year.The probe follows an earlier investigation into the compan…
Placer plans drilling west of Detour Lake
Placer Dome (TSE) continues to drill its Fault Lake property and other western extensions of its Detour Lake gold deposit, 220 km northeast of Timmins, Ont.The property has been optioned from Pelangio…
SME’s annual meeting breaks attendance records
New attendance records were set when more than 4,600 mining professionals gathered at the Phoenix Civic Plaza for the 1996 annual meeting and exhibition of the Society for Mining, Metallurgy and Explo…
Cristinas start hinges on mining law
Though a feasibility study at the Cristinas project in Venezuela is projecting yearly output at 450,000 oz. gold at an average cash cost of US$205 per oz., Placer Dome (TSE) is waiting to schedule con…
Feasibility leads to mine reopening
Results from a feasibility study of the OK copper mine near Milford, Utah, suggest that a reopening would be viable.The use of solvent extraction-electrowinning would enable the mine to produce about …
$4.5 billion, or $43.50 per share — Inco tops Falconbridge’s bid for Diamond Fields
A rival suitor has crashed the Falconbridge (TSE)-Diamond Fields Resources (TSE) wedding. Whether Falconbridge will rise to the challenge or be left alone at the altar remains to be seen.Inco (TSE) ha…
Ditem recovers macros at Temiscamingue
Two more macrodiamonds have been found by Ditem Explorations (ME) in a 75-kg stream sample from the Temiscamingue property near the Quebec town of the same name.One of the stones has a slight yellow c…
Amax opts out of Robertson play
After almost six years of exploration and development work on the Robertson property in Nevada’s Crescent Valley, Amax Gold (NYSE) has decided to return the project to owner Coral Gold (VSE).In 1995, …
Carson has yen for diamonds
Trading in Carson Gold (VSE) will remain halted for three months as the company prepares engineering and evaluation reports and carries out due diligence on two proposed acquisitions in China.The comp…
COMMENTARY — The resource sector and the budget
The Hon. Paul Martin, federal minister of finance, wrote the following at the invitation of Keep Mining In Canada, a national grassroots campaign designed to increase public awareness of the importanc…
Doromin’s Specogna is suspended by B.C. regulators
The British Columbia Securities Commission has prohibited Marino Specogna, a director of Doromin Resources (VSE), from participating in the securities market and acting as a director or officer of any…