Cambior is upbeat over Cameron Lake
The Cameron Lake gold deposit in northwestern Ontario could be brought into production using bulk-mining methods, producing 1,800 tonnes daily.Such is the conclusion of an assessment by gold producer …
News
NEWS ROUNDUP — Coeur d’Alene gains stake in Orion
In a move to strengthen its position in Western Australia, Coeur d’Alene Mines (NYSE) has acquired a stake in Orion Resources. Only recently, that very stake in Orion was acquired by Homestake Mining …
Procoloro raises funds and deals option on Vallejo
Procoloro Resources (ME) has given a private Quebec company, 29594785 Quebec Inc., an option to earn 45% of the Vallejo property in the Remedios district of Colombia.The 5.6-sq.-km concession has a ve…
Cambior and Aurizon boost production at Sleeping Giant
While gold production for the Sleeping Giant mine in northwestern Quebec was up in 1995, it did not reach mid-year projections.Output for the year was 48,042 oz., 12% higher than the 43,003 oz. produc…
ODDS’N’SODS — The Italian immigrant
During the 1950s, many newly arrived immigrants were hired at the fast-developing world uranium centre that was Elliott Lake, Ont. Numerous sturdy Italians made their way to the mines and gradually fo…
Ashanti Goldfields CEO to speak at CIM luncheon
Ashanti Goldfield’s 10 years of growth will be discussed by Chief Executive Officer S.E. Jonah at this month’s meeting of the Canadian Institute of Mining, Metallurgy and Petroleum, in Toronto. Topics…
Decimal trading set to start in April
Canadian stock exchanges will begin decimal trading on April 15, in a move designed to increase liquidity on the market. All five exchanges are making the change on the same date.Shares priced above $…
EDITORIAL PAGE — When fish meet miners
Something must be askew at the Department of Fisheries and Oceans (DFO). The collapse of the East Coast fishery and the near decimation of West Coast salmon stocks have left a lot of Canadian fisherie…
Drilling gives boost to KazMinCo
Drilling on the Samarskoye copper-gold porphyry project in central Kazakhstan is returning some spectacular results for Kazakhstan Minerals (CDN).Results include a 195-metre intersection grading 2.2% …
Correction (January 29, 1996)
A report on Petro Plus (ASE), in our Jan. 15 issue indicates the company is planning to drill next summer. The company is, in fact, planning to drill before spring breakup.
Dakota to develop Anchor Hill
The South Dakota Board of Minerals and Environment has granted a state permit to Dakota Mining (AMEX) for development of the Anchor Hill gold project. The deposit is close to the company’s Gilt Edge m…
Minera Rayrock works Latin American projects
Toronto-listed Minera Rayrock is developing four of its key copper and gold projects in Latin America.At the Ivan mine in northern Chile, copper production averaged 102% of design capacity during the …